Common use of Manner and Basis of Converting Shares Clause in Contracts

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of Pantego, $0.10 par value per share (the "Pantego Common Stock"), which shall be issued and outstanding (other than shares of Pantego Common Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Common Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Common Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Common Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of PantegoTrashaway, $0.10 1.00 par value per share (the "Pantego Trashaway Common Stock"), which shall be issued and outstanding (other than shares of Pantego Trashaway Common Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Trashaway Common Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Trashaway Common Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Trashaway Common Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of PantegoTos-It, $0.10 no par value per share (the "Pantego Tos-It Common Stock"), which shall be issued and outstanding (other than shares of Pantego Tos-It Common Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Tos-It Common Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Tos-It Common Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Tos-It Common Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of PantegoDunc▇▇, $0.10 ▇00.00 par value per share (the "Pantego Common Dunc▇▇ ▇▇▇mon Stock"), which shall be issued and outstanding (other than shares of Pantego Common Dunc▇▇ ▇▇▇mon Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) )shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Common Dunc▇▇ ▇▇▇mon Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Common Dunc▇▇ ▇▇▇mon Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Common Dunc▇▇ ▇▇▇mon Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of PantegoGrand, $0.10 10.00 par value per share (the "Pantego Grand Common Stock"), which shall be issued and outstanding (other than shares of Pantego Grand Common Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) )shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Grand Common Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Grand Common Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Grand Common Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.

Manner and Basis of Converting Shares. A. At the Effective Time, each share of common stock of PantegoWes ▇▇▇, $0.10 1.00 par value per share (the "Pantego Wes ▇▇▇ Common Stock"), which shall be issued and outstanding (other than shares of Pantego Wes ▇▇▇ Common Stock held in treasury) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive ______________________ (________) shares of common stock, $0.01 par value per share, of Republic Waste Industries, Inc., a Delaware corporation and the parent of Republic Sub ("Republic Common Stock"). Fractional shares of Republic Common Stock will not be issued, instead shares of Republic Common Stock will be issued determined to the nearest whole share of Republic Common Stock. B. At the Effective Time, each share of Pantego Wes ▇▇▇ Common Stock held in treasury shall be canceled and extinguished without any conversion thereof. C. At the Effective Time, each right to acquire shares of Pantego Wes ▇▇▇ Common Stock, to the extent that any such rights exist, which shall be issued and outstanding shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to acquire __________________ (_____) shares of Republic Common Stock. D. Each share of common stock of Republic Sub, $1.00 par value per share, issued and outstanding immediately prior to the Effective Time shall be automatically converted into one share of Pantego Wes ▇▇▇ Common Stock, which shall be the only outstanding common stock of the Surviving Corporation immediately following the Effective Time.