Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Non-Employee Director Optionee to exercise it.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/)

AutoNDA by SimpleDocs

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Non-Employee Director Optionee to exercise it.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Smart Video Technologies Inc), Red Hat Inc, Red Hat Inc

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes Option shall impose no obligation on upon the Non-Employee Director Optionee to exercise itsuch Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Judge Group Inc), Non Qualified Stock Option Agreement (Judge Group Inc)

AutoNDA by SimpleDocs

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Non-Employee Director Optionee to exercise it.

Appears in 1 contract

Samples: Investors Financial Services Corp

Time is Money Join Law Insider Premium to draft better contracts faster.