Modification or Assumption of Stock Units. Within the limitations of the Plan, the Committee may modify or assume outstanding Stock Units or may accept the cancellation of outstanding stock units (including stock units granted by another issuer) in return for the grant of new Stock Units for the same or a different number of Shares. Notwithstanding the preceding sentence or anything to the contrary, no modification of a Stock Unit shall, without the consent of the Participant, impair his or her rights or obligations under such Stock Unit.
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Samples: Omnibus Stock and Option Compensation Plan (Martha Stewart Living Omnimedia Inc), Equity Incentive Plan (Global Ship Lease, Inc.), Equity Incentive Plan (GSL Holdings, Inc.)
