Common use of Obligation to Exercise Clause in Contracts

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

Appears in 12 contracts

Sources: Nonqualified Stock Option Agreement (Citadel License Inc), Non Qualified Stock Option Agreement (Garcia Ernest C Ii), Non Qualified Stock Option Agreement (Microtest Inc)

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

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Bayard Drilling Technologies Inc)

Obligation to Exercise. Contract Employee shall have no obligation to exercise any option granted by this Agreement.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Datahand Systems Inc)