Common use of EXPIRATION OF OPTION OR CONVERSION RIGHTS Clause in Contracts

EXPIRATION OF OPTION OR CONVERSION RIGHTS. In the event of the termination or expiration of any right to purchase Common Stock under any Option or of any right to convert or exchange Convertible Securities, the Exercise Price shall, upon such termination, be changed to the Exercise Price that would have been in effect at the time of such expiration had such Option or Convertible Security, to the extent outstanding immediately prior to such expiration, never been issued. As used in this Section 6(c)(v), the word "expiration" includes a termination, without payment of consideration by the Company, of a right to purchase, convert or exchange.