Common use of Conversion Stock Options Clause in Contracts

Conversion Stock Options. The Committee may, in its sole discretion and upon such terms and conditions as it deems appropriate, grant a Stock Option to any holder of an option (hereinafter referred to as an "Original Option") to purchase shares of the stock of any corporation: (a) the stock or all or substantially all of the assets of which were acquired, directly or indirectly, by the Company or any Subsidiary, or (b) which was merged with and into the Company or a Subsidiary, so that the Original Option is converted into a Stock Option (hereinafter referred to as a "Conversion Stock Option"); provided, however, that such Conversion Stock Option as of the date of its grant (the "Conversion Stock Option Grant Date ") shall have substantially the same economic value as the Original Option as of the Conversion Stock Option Grant Date.

Conversion Stock Options. The Committee may, in its sole discretion and upon such terms and conditions as it deems appropriate, grant a Stock Option to any holder of an option (hereinafter referred to as an "“Original Option"”) to purchase shares of the stock of any corporation: (a) the stock or all or substantially all of the assets of which were acquired, directly or indirectly, by the Company or any Subsidiary, or (b) which was merged with and into the Company or a Subsidiary, so that the Original Option is converted into a Stock Option (hereinafter referred to as a "“Conversion Stock Option"”); provided, however, that such Conversion Stock Option as of the date of its grant (the "“ Conversion Stock Option Grant Date "”) shall have substantially the same economic value as the Original Option as of the Conversion Stock Option Grant Date.