Manner of Substitution. With respect to each cancelled ITT stock award, the number and exercise price of substitute stock awards granted under the ITT Destinations Stock Plan or the ITT Hartford Stock Plan with respect thereto, and the other terms and conditions of the substitute stock awards, shall be equitably determined to preserve the economic value of the cancelled ITT stock award.
Appears in 2 contracts
Sources: Employee Benefit Services and Liability Agreement (Itt Corp /Nv/), Employee Benefit Services and Liability Agreement (Itt Industries Inc)