Share Commitment. The aggregate number of shares of Stock authorized to be sold pursuant to Options granted under the Plan is 800,000, subject to adjustment as provided in this Section. In computing the number of shares of Stock available for grant, any shares relating to Options which are granted, but which subsequently lapse, are cancelled or are otherwise not exercised by the final date for exercise, shall be available for future grants of Options. In the event of any stock dividend, split-up, recapitalization, merger, consolidation, combination or exchange of Stock, or the like, as a result of which Stock shall be issued in respect of the outstanding shares of Stock, or the Stock shall be changed into the same or a different number of the same or another class of stock, the total number of shares of Stock authorized to be committed to the Plan, the number of shares of Stock subject to each outstanding Option, the Option Price applicable to each Option, and/or the consideration to be received upon exercise of each Option shall be appropriately adjusted by the Committee. In addition, the Committee shall, in its sole discretion, have authority to provide for (a) acceleration of the Exercise Date of outstanding Options or (b) the conversion of outstanding Options into cash or other property to be received in certain of the transactions specified in this paragraph above upon the completion of the transaction.
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Share Commitment. The aggregate number of shares of Stock Shares authorized to be sold pursuant to Options granted under the Plan is 800,0001,425,000, subject to adjustment as provided in this Section. In computing the number of shares of Stock Shares available for grant, any shares Shares relating to Options which are granted, but which subsequently lapse, are cancelled or are otherwise not exercised by the final date for exercise, shall be available for future grants of Options. In the event of any stock dividend, split-up, recapitalization, merger, consolidation, combination or exchange of StockShares, or the like, as a result of which Stock shares shall be issued in respect of the outstanding shares of StockShares, or the Stock Shares shall be changed into the same or a different number of the same or another class of stock, the total number of shares of Stock Shares authorized to be committed to the Plan, the number of shares of Stock Shares subject to each outstanding Option, the Option Price applicable to each Option, and/or the consideration to be received upon exercise of each Option shall be appropriately adjusted by the Committee. In addition, the Committee shall, in its sole discretion, have authority to provide provide, in appropriate cases, for (a) acceleration of the Exercise Date of outstanding Options or (b) the conversion of outstanding Options into cash or other property to be received in certain of the transactions specified in this paragraph above upon the completion of the transaction.
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