CONVERSION INTO AN EQUITY AWARD Sample Clauses

CONVERSION INTO AN EQUITY AWARD. (a) Discretionary Election by the Committee. In the event that the transaction contemplated by the Merger Agreement is abandoned and the Merger Agreement terminated in accordance with Article IX thereof (the “Merger Termination”), the Committee may in its discretion elect to convert, effective as of a date (the “Conversion Date”) coincident or following the Merger Termination, the Award in whole or in part into an equity award (the “Equity Award”) under the Company’s 2017 Equity Incentive Plan (the “Plan”) pursuant to the methodology set forth in Section 4(b) below. The Equity Award may be allocated among different types of awards authorized under the Plan, at the Committee’s election. The Conversion Date shall be the date on which the Committee authorizes the conversion of this Award to an Equity Award, and may not be prior to the date on which the Committee makes an election to convert the Award nor later than six (6) months following the Merger Termination.