Common use of Stock Splits and Stock Dividends Clause in Contracts

Stock Splits and Stock Dividends. The Corporation shall not in any manner subdivide (by stock split, stock dividend or otherwise), or combine (by reverse stock split or otherwise) the outstanding Common Stock of one class unless (x) the holders of a majority of Class B Common outstanding at the time approve such subdivision or combination and (y) the outstanding Common Stock of all other classes shall be proportionately subdivided or combined. All such subdivisions and combinations shall be payable only in Class B Common to the holders of Class B Common and in Class A Common to the holders of Class A Common. In no event shall a stock split or stock dividend constitute a payment of Yield or a return of Original Cost.

Stock Splits and Stock Dividends. The Corporation shall not -------------------------------- in any manner subdivide (by stock split, stock dividend or otherwise), ) or combine (by reverse stock split split, stock dividend or otherwise) the outstanding Common Stock Shares of one class unless (x) the holders of a majority of Class B Common outstanding at the time approve such subdivision or combination and (y) the outstanding Common Stock Shares of all the other classes shall be proportionately subdivided or combined, respectively. All such subdivisions and combinations shall be payable only in Class L Common to the holders of Class L Common, in Class B Common to the holders of Class B Common and in Class A Common to the holders of Class A Common. In no event shall a stock split or stock dividend constitute a payment of Yield or a return of Original Cost.