Common use of SPECIAL CONVERSION OF DEATH OR FULL DISABILITY Clause in Contracts

SPECIAL CONVERSION OF DEATH OR FULL DISABILITY. Upon the death or full disability of Employee, and subject to the service adjustments and forfeitures as set forth above, ten percent (10%) of any Shares not then converted shall automatically convert for the benefit of the Employee or the estate of Employee, and the remainder of the conversion rights shall expire and terminate and any then unconverted Shares shall be forfeited to the Company.