No Obligation to Exercise. The granting of the Option hereunder shall impose no obligation upon Optionee to exercise the Option as to the shares or any portion thereof covered thereby.
Appears in 3 contracts
Samples: Directors’ Non Qualified Stock Option Agreement (Circle Bancorp), Incentive Stock Option Agreement (San Rafael Bancorp), Incentive Stock Option Agreement (Bay Area Bancshares)
No Obligation to Exercise. The granting of the Option hereunder shall impose no obligation upon Optionee to exercise the Option as to the shares or any portion thereof covered thereby. 13.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Bay Area Bancshares), Stock Option Agreement (Bay Area Bancshares)