Common use of Conversion of Securities of the Company Clause in Contracts

Conversion of Securities of the Company. By virtue of the Merger and without any action on the part of the holders of the common stock, no par value, of the Company ("Company Common Stock"), at the Effective Time all outstanding shares of the Company Common Stock (subject to the terms of Section 2.05(c) below) shall be converted into the right to receive fully paid and nonassessable shares of Parent Common Stock on the following basis:

Conversion of Securities of the Company. By virtue of the Merger and without any action on the part of the holders of the common stock, no $1.00 par value, of the Company ("Company Common Stock"), at the Effective Time all outstanding shares of the Company Common Stock (subject to the terms of Section 2.05(c2.04(c) belowhereof) shall be converted into the right to receive fully paid and nonassessable shares of Parent Common Stock on the following basis:

Conversion of Securities of the Company. By virtue of the Merger and without any action on the part of the holders of the common stock, no $.01 par value, of the Company ("Company Common Stock"), at the Effective Time all outstanding shares of the Company Common Stock (subject to the terms of Section 2.05(c2.04(c) below) shall be converted into the right to receive fully paid and nonassessable shares of Parent Common Stock on the following basis:

Conversion of Securities of the Company. By virtue of the Merger and without any action on the part of the holders holder of the common stock, no par value, of the Company (the "Company Common Stock"), at the Effective Time all outstanding shares of the Company Common Stock (subject to the terms of Section 2.05(c2.03(D) below) shall be converted into the right to receive fully paid and nonassessable shares of Parent Common Stock on the following basis: