Common use of Obligation to Exercise Clause in Contracts

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

Appears in 45 contracts

Sources: Performance Based Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp), Performance Based Stock Option Agreement (On Semiconductor Corp)

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

Appears in 10 contracts

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

Obligation to Exercise. The Optionee shall have no obligation to exercise any option granted the Option evidenced by this Agreement.

Appears in 6 contracts

Sources: Non Qualified Stock Option Agreement (Netguru Inc), Non Qualified Stock Option Agreement (Netguru Inc), Non Qualified Stock Option Agreement (Pacific Ethanol, Inc.)

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

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Abtech Holdings, Inc.), Incentive Stock Option Agreement (Abtech Holdings, Inc.), Non Qualified Stock Option Agreement (On Semiconductor Corp)

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

Appears in 3 contracts

Sources: Incentive Option Award Agreement (Frozen Food Express Industries Inc), Incentive Option Award Agreement (Frozen Food Express Industries Inc), Option Agreement (Frozen Food Express Industries Inc)

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

Appears in 3 contracts

Sources: Nonqualified Stock Option Agreement (Temecula Valley Bancorp Inc), Incentive Stock Option Agreement (Temecula Valley Bancorp Inc), Incentive Stock Option Agreement (Temecula Valley Bancorp Inc)

Obligation to Exercise. The Optionee shall have no obligation to exercise any option Take Ownership Grant granted by this Agreement.

Appears in 2 contracts

Sources: Take Ownership Grant Agreement (SCG Holding Corp), Take Ownership Grant Agreement (SCG Holding Corp)

Obligation to Exercise. The Optionee shall have no obligation to exercise all or any option portion of the Option granted by this Agreement.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Temecula Valley Bancorp Inc), Incentive Stock Option Plan Agreement (Temecula Valley Bancorp Inc)

Obligation to Exercise. The Optionee granting of the Option through this Agreement shall have impose no obligation upon you to exercise the same or any option granted by this Agreementpart thereof.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Trammell Crow Co)