Common use of Conversion to Shares Clause in Contracts

Conversion to Shares. (a) For awards provided under Section 2(a), the vested Units will be converted (one Share per Unit) to actual Shares subject to the attainment of the goals set forth on Exhibit A attached hereto. Such conversion shall occur as soon as practicable after the Committee’s certification of the Company’s achievement over the Performance Period of the goals set forth on Exhibit A. (b) For an award provided under Section 2(b) the Units that vest will be converted (one Share per Unit) to actual Shares immediately prior to the consummation of the Change of Control, enabling the Grantee to receive the same consideration for such Shares as received by the other common stockholders of the Company as a result of the Change of Control. Shares will be registered on the books of the Company in Grantee’s name as of the date they are converted, and shall be delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form. Any Units that are not converted in accordance with the terms of this Certificate will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee.

Conversion to Shares. (a) For awards provided under Section 2(a), the vested Units will be converted (one Share per Unit) to actual Shares subject to the attainment of the goals set forth on Exhibit A attached hereto. Such conversion shall occur as soon as practicable after the Committee’s certification of the Company’s achievement over the Performance Period of the goals set forth on Exhibit A. A (b) For an award provided under Section 2(b) the Units that vest will be converted (one Share per Unit) to actual Shares immediately prior to the consummation of the Change of Control, enabling the Grantee to receive the same consideration for such Shares as received by the other common stockholders of the Company as a result of the Change of Control“Conversion Date”). Shares will be registered on the books of the Company in Grantee’s name as of the date they are converted, and shall be delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form. Any Units that are not converted in accordance with the terms of this Certificate will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee. For an award provided under Section 2(b), the Units that vest will be converted (one Share per Unit) to actual Shares immediately prior to the consummation of the Change of Control, enabling the Grantee to receive the same consideration for such Shares as received by the other common stockholders of the Company as a result of the Change of Control.