Common use of Obligation to Exercise Clause in Contracts

Obligation to Exercise. The Participant shall have no obligation to exercise any Stock Option granted by this Agreement.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Flowserve Corp), Nonqualified Stock Option Agreement for Employees (Flowserve Corp), Incentive Stock Option Agreement (Flowserve Corp)

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Obligation to Exercise. The Participant shall have no obligation to exercise any Stock Option option granted by this Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Microtest Inc)

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