Common use of Obligation to Exercise Clause in Contracts

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

Appears in 4 contracts

Sources: Nonqualified Stock Option Agreement (Flowserve Corp), Incentive Stock Option Agreement (Flowserve Corp), Incentive Stock Option Agreement (Flowserve Corp)

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

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Microtest Inc)