Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The granting of an Option shall impose no obligation upon the holder thereof to exercise such Option.

Appears in 1 contract

Sources: Stock Option Plan (St Mary Land & Exploration Co)

No Obligation to Exercise Option. The granting of an this Option shall impose no obligation upon the holder thereof Optionee to exercise such this Option.

Appears in 1 contract

Sources: Stock Option Agreement (Frost Phillip Md Et Al)

No Obligation to Exercise Option. The granting Granting of an Option option shall impose no obligation upon on the holder thereof recipient to exercise such Optionoption. 135 ARTICLE XIII.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Aames Financial Corp/De)

No Obligation to Exercise Option. The granting of an Option option shall -------------------------------- impose no obligation upon the holder thereof optionee to exercise such Optionoption.

Appears in 1 contract

Sources: Stock Option Plan and Trust Agreement (Coddle Creek Financial Corp)

No Obligation to Exercise Option. The granting of an Option option shall impose no obligation upon the holder thereof optionee to exercise such Optionoption.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (SenesTech, Inc.)

No Obligation to Exercise Option. The granting of an Option option shall impose no obligation upon on the holder thereof recipient to exercise such Optionoption.

Appears in 1 contract

Sources: Annual Report