Common use of Reduction in Voting Power Clause in Contracts

Reduction in Voting Power. Each then-outstanding share of Class B Common Stock shall automatically, without further action by the Corporation or the holder thereof, convert into one (1) fully paid and nonassessable share of Class A Common Stock upon the first date on which the aggregate number of then-outstanding shares of Class B Common Stock ceases to represent at least seven and one-half percent (7.5%) of the aggregate of the then-outstanding shares of Class A Common Stock and Class B Common Stock.

Reduction in Voting Power. Each then-outstanding share of Class B Common Stock shall automatically, without further action by the Corporation or the holder thereof, convert into one (1) fully paid and nonassessable share of Class A Common Stock upon the first date on which the aggregate number voting power of all then-outstanding shares of Class B Common Stock ceases to represent at least seven and one-half less than five percent (7.55%) of the aggregate combined voting power of the all then-outstanding shares of Class A Common Stock and Class B Common Stock.