Common use of Payment of Cash in Lieu of Common Stock Clause in Contracts

Payment of Cash in Lieu of Common Stock. Notwithstanding anything in Section 8(b) to the contrary, the Committee, in its sole discretion, may elect to cause the Company to pay cash in an amount equal to the Fair Market Value of the vested Stock Units, determined as of the date on which the shares of Common Stock would otherwise have been issued pursuant to Section 8(b) and payable within ten business days after such date.

Payment of Cash in Lieu of Common Stock. Notwithstanding anything in Section 8(b) and 8(c) to the contrary, the Committee, in its sole discretion, may elect to cause the Company to pay cash in an amount equal to the Fair Market Value of the vested Stock UnitsUnits and/or Dividend Equivalents (if any), determined as of the date on which the shares of Common Stock would otherwise have been issued pursuant to Section 8(b) and 8(c) and payable within ten business days after such date.