Common use of Dividends in Securities Clause in Contracts

Dividends in Securities. If the Company shall declare a dividend or make any other distribution upon any stock of the Company (other than 13 14 Common Stock) payable in shares of Common Stock, Convertible Securities or Stock Purchase Rights, such shares of Common Stock, Convertible Securities or Stock Purchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. If In case the Company shall ----------------------- declare -15- a dividend or make any other distribution upon any stock sto ck of the Company (other than 13 14 Common Stock) payable in shares of either case in Common Stock, Convertible Securities or Stock Purchase Rights, such shares of Common Stock, Convertible Securities or Stock Purchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.