Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The Optionee shall be under no -------------------------------- obligation to exercise the Option in whole or in part.

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Ensign Michael S), Non Qualified Stock Option Agreement (Mandalay Resort Group), Non Qualified Stock Option Agreement (Mandalay Resort Group)

No Obligation to Exercise Option. The Optionee shall be -------------------------------- under no -------------------------------- obligation to exercise the Option in whole or in part.

Appears in 1 contract

Sources: Stock Option Agreement (Ensign Michael S)

No Obligation to Exercise Option. The Optionee shall be under -------------------------------- no -------------------------------- obligation to exercise the Option in whole or in part.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Ensign Michael S)