No Obligation to Exercise. The grant to the Option Holder of the Converted Option shall impose no obligation to exercise such Converted Option.
Appears in 5 contracts
Samples: Option Conversion Agreement (Astoria Financial Corp), Option Conversion Agreement (Astoria Financial Corp), Option Conversion Agreement (Astoria Financial Corp)
No Obligation to Exercise. The grant to of the Option Holder of the Converted Option shall impose imposes no obligation on the Holder to exercise such Converted the Option.
Appears in 1 contract
Samples: Stock Option Agreement for Certain Directors (Transmedia Network Inc /De/)