Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Employee to exercise it.

Appears in 5 contracts

Sources: Incentive Stock Option Agreement (Mathsoft Inc), Non Qualified Incentive Stock Option Agreement (Davox Corp), Incentive Stock Option Agreement (Davox Corp)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option the Option imposes no obligation on the Employee to exercise it.

Appears in 4 contracts

Sources: Executive Incentive Stock Option Agreement (Concord Communications Inc), Incentive Stock Option Agreement (Concord Communications Inc), Non Qualified Option Agreement (Concord Communications Inc)

No Obligation to Exercise Option. The grant and acceptance of -------------------------------- this -------------------------------- option imposes no obligation on the Employee to exercise it.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Transwitch Corp /De), Incentive Stock Option Agreement (Excel Switching Corp)

No Obligation to Exercise Option. The grant and acceptance of this the -------------------------------- option options hereunder imposes no obligation on the Employee Optionee to exercise itthe options.

Appears in 2 contracts

Sources: Stock Option Agreement (Sba Communications Corp), Stock Option Agreement (Sba Communications Corp)

No Obligation to Exercise Option. The grant and acceptance of this the -------------------------------- option Option hereunder imposes no obligation on the Employee Optionee to exercise itthe Option.

Appears in 2 contracts

Sources: Stock Option Agreement (Septima Enterprises Inc), Stock Option Agreement (Septima Enterprises Inc)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Employee Optionee to exercise itthe options.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Sba Communications Corp)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option the --------------------------------- options hereunder imposes no obligation on the Employee Optionee to exercise itthe options.

Appears in 1 contract

Sources: Stock Option Agreement (Sba Communications Corp)

No Obligation to Exercise Option. The grant and acceptance of this option -------------------------------- option imposes no obligation on the Employee Optionee to exercise it.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Divine Inc)

No Obligation to Exercise Option. The grant and acceptance of -------------------------------- this -------------------------------- option Option imposes no obligation on the Employee to exercise it.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Astea International Inc)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes poses no obligation on the Employee Optionee to exercise it.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Candela Corp /De/)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes impose no obligation on the Employee Option Holder to exercise it.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Averstar Inc)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option such Option imposes no obligation on the Employee to exercise it.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Citrix Systems Inc)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Employee to exercise itthis option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Biomune Systems Inc)

No Obligation to Exercise Option. The grant and acceptance granting of this -------------------------------- option the Option imposes no obligation on upon the Employee (or upon a transferee of an Employee) to exercise itthe Option.

Appears in 1 contract

Sources: Warrant Agreement

No Obligation to Exercise Option. The grant and acceptance of this option -------------------------------- option imposes no obligation on the Employee to exercise it.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Cabletron Systems Inc)

No Obligation to Exercise Option. The grant and acceptance of -------------------------------- this -------------------------------- option imposes no obligation on the Employee Optionee to exercise itthe option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Finkel Charles)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option Option imposes no obligation on the Employee to exercise it.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Astea International Inc)