Common use of Deferral of Awards Clause in Contracts

Deferral of Awards. The Committee (in its sole discretion) may permit or require an Optionee to: (a) Have shares of Common Stock that otherwise would be delivered to such Optionee as a result of the exercise of an Option converted into an equal number of stock units; or (b) Have shares of Common Stock that otherwise would be delivered to such Optionee as a result of the exercise of an Option converted into amounts credited to a deferred compensation account established for such Optionee by the Committee as an entry on the Corporation’s books. Such amounts shall be determined by reference to the Fair Market Value of such shares of Common Stock as of the date when they otherwise would have been delivered to such Optionee. A deferred compensation account established under this Article 9 may be credited with interest or other forms of investment return, as determined by the Committee. An Optionee for whom such an account is established shall have no rights other than those of a general creditor of the Corporation. Such an account shall represent an unfunded and unsecured obligation of the Corporation and shall be subject to the terms and conditions of the applicable agreement between such Optionee and the Corporation. If the deferral or conversion of Options is permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such Options, including (without limitation) the settlement of deferred compensation accounts established under this Article 9.

Deferral of Awards. The Committee (in its sole discretion) may permit or require an Optionee a Participant to: (a) Have shares cash that otherwise would be paid to such Participant as a result of the exercise of an SAR or the settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books; (b) Have Common Stock Shares that otherwise would be delivered to such Optionee Participant as a result of the exercise of an Option or SAR converted into an equal number of stock unitsStock Units; or (bc) Have shares of Common Stock Shares that otherwise would be delivered to such Optionee Participant as a result of the exercise of an Option or SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Optionee Participant by the Committee as an entry on the CorporationCompany’s books. Such amounts shall be determined by reference to the Fair Market Value of such shares of Common Stock Shares as of the date when they otherwise would have been delivered to such OptioneeParticipant. A deferred compensation account established under this Article 9 13 may be credited with interest or other forms of investment return, as determined by the Committee. An Optionee A Participant for whom such an account is established shall have no rights other than those of a general creditor of the CorporationCompany. Such an account shall represent an unfunded and unsecured obligation of the Corporation Company and shall be subject to the terms and conditions of the applicable agreement between such Optionee Participant and the CorporationCompany. If the deferral or conversion of Options Awards is permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such OptionsAwards, including (without limitation) the settlement of deferred compensation accounts established under this Article 913.

Deferral of Awards. The Committee (in its sole discretion) may permit or require an Optionee a Participant to: (a) Have shares of Common Stock Shares that otherwise would be delivered to such Optionee Participant as a result of the exercise of an Option converted into an equal number of stock units; or (b) Have shares of Common Stock Shares that otherwise would be delivered to such Optionee Participant as a result of the exercise of an Option converted into amounts credited to a deferred compensation account established for such Optionee Participant by the Committee as an entry on the CorporationCompany’s books. Such amounts shall be determined by reference to the Fair Market Value of such shares of Common Stock Shares as of the date when they otherwise would have been delivered to such OptioneeParticipant. A deferred compensation account established under this Article 9 10 may be credited with interest or other forms of investment return, as determined by the Committee. An Optionee A Participant for whom such an account is established shall have no rights other than those of a general creditor of the CorporationCompany. Such an account shall represent an unfunded and unsecured obligation of the Corporation Company and shall be subject to the terms and conditions of the applicable agreement between such Optionee Participant and the CorporationCompany. If the deferral or conversion of Options Awards is permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such OptionsAwards, including (without limitation) the settlement of deferred compensation accounts established under this Article 910.

Deferral of Awards. The Committee (in its sole discretion) may permit or require an Optionee a Participant to: (a) Have shares of Common Stock cash that otherwise would be delivered paid to such Optionee Participant as a result of the exercise of an Option converted into SAR or the settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an equal number of stock units; orentry on the Corporation’s books; (b) Have shares of Common Stock that otherwise would be delivered to such Optionee Participant as a result of the exercise of an Option or SAR converted into an equal number of Stock Units; or (c) Have shares of Common Stock that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Optionee Participant by the Committee as an entry on the Corporation’s books. Such amounts shall be determined by reference to the Fair Market Value of such shares of Common Stock as of the date when they otherwise would have been delivered to such OptioneeParticipant. A deferred compensation account established under this Article 9 12 may be credited with interest or other forms of investment return, as determined by the Committee. An Optionee A Participant for whom such an account is established shall have no rights other than those of a general creditor of the Corporation. Such an account shall represent an unfunded and unsecured obligation of the Corporation and shall be subject to the terms and conditions of the applicable agreement between such Optionee Participant and the Corporation. If the deferral or conversion of Options Awards is permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such OptionsAwards, including (without limitation) the settlement of deferred compensation accounts established under this Article 912.