ANTIDESTRUCTION CLAUSE

antidestruction clause.A  provision in a security  protecting a shareholder’s conversion rights,

in  the  event  of  a  merger,  by  granting  the  shareholder  a  right  to  convert  the  securities  into  the

securities  that  will  replace  the  com-pany’s  stock  when  the  merger  is  complete.  See  convertible

security under SECURITY. [Blacks Law 8th]