Common use of Conversion of Company Preferred Stock Clause in Contracts

Conversion of Company Preferred Stock. (i) Series A Preferred Stock. Each share of Series A Preferred ------------------------ Stock of the Company, par value $1.00 per share, ("Series A Preferred") issued and outstanding immediately prior to the Effective Time (other than any shares of Series A Preferred to be canceled pursuant to Section 1.6(e) and any Dissenting Shares (as defined and to the extent provided in Section 1.7(a)) will be canceled and extinguished and be converted automatically into the right to receive that number of shares of Parent Common Stock equal to the quotient computed by dividing (A) the sum of $1.00 (the "Series A Preference Amount") plus the Per Share Amount (as defined in Section 1.6(c) below), by (B) the Average Closing Price upon surrender of the certificate representing such share of Series A Preferred in the manner provided in Section 1.8.

Conversion of Company Preferred Stock. (i) Series A Preferred Stock. Each share of Series A ------------------------ Preferred ------------------------ Stock of the Company, par value $1.00 per share, Company ("Series A Preferred") issued and outstanding ------------------ immediately prior to the Effective Time (other than any shares of Series A Preferred that are converted into shares of Company Common Stock immediately prior to the Effective Time, any shares of Series A Preferred to be canceled pursuant to Section 1.6(e1.6(c) and any Dissenting Shares (as defined and to the extent provided in Section 1.7(a))) will be canceled and extinguished and be converted automatically into the right to receive that number of shares of Parent Common Stock equal to the quotient computed by dividing (A) the sum of $1.00 (the "Series A Preference Amount") plus the Per Share Amount Exchange Ratio (as defined in Section 1.6(c----------------------- 1.6(i) below), by (B) the Average Closing Price upon surrender of the certificate representing such share of Series A Preferred in the manner provided in Section 1.8.

Conversion of Company Preferred Stock. (i) Series A Preferred Stock. Each share of Series A ------------------------ Preferred ------------------------ Stock of the Company, par value $1.00 per share, Company ("Series A Preferred") issued and outstanding ------------------ immediately prior to the Effective Time (other than any shares of Series A Preferred to be canceled pursuant to Section 1.6(e) and any Dissenting Shares (as defined and to the extent provided in Section 1.7(a))) will be canceled and extinguished and be converted automatically into the right to receive that number of shares of Parent Common Stock equal to the quotient computed by dividing product of (A) the sum one share of $1.00 (the "Series A Preference Amount"Preferred multiplied by (B) plus the Per Share Amount Series A Factor (as defined in Section 1.6(c) below), by ) (Bthe "Series A Exchange Ratio") the Average Closing Price upon surrender of the certificate ----------------------- representing such share of Series A Preferred in the manner provided in Section 1.8.