No Obligation to Exercise Option. Nothing herein contained or done pursuant hereto shall obligate the Optionee to purchase and pay for any Optioned Shares except those Optioned Shares in respect of which the Optionee shall have exercised in the manner herein provided.
Appears in 6 contracts
Sources: Producer Agreement, Stock Option Agreement, Individual Stock Option Agreement
No Obligation to Exercise Option. Nothing herein contained or done pursuant hereto shall will obligate the Optionee to purchase and and/or pay for for, or the Company to issue, any Optioned Shares except those Optioned Shares in respect of which the Optionee shall will have exercised his Option to purchase in the manner herein providedprovided under this Agreement.
Appears in 1 contract
Sources: Stock Option Agreement (Biolabs Inc)