Fractional Shares definition

Fractional Shares. No fractional shares of Common Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a share of Common Stock.
Sample 1Sample 2Sample 3
Fractional Shares shall have the meaning specified in Section 2.2(c).
Sample 1Sample 2Sample 3
Fractional Shares has the meaning given to it in consideration (B);
Sample 1Sample 2Sample 3

Examples of Fractional Shares in a sentence

  • The Directors shall be entitled to issue Fractional Shares in any class where the subscription monies received by the ICAV are insufficient to purchase an integral number of Shares in that class.

  • Fractional Shares shall have no right to vote but shall have the right to participate pro rata in distributions and allocation of liquidation proceeds.

  • Fractional Shares shall have no right to vote (except to the extent their number is so that they represent a whole Share, in which case, they confer a voting right) but shall have the right to participate pro rata in distributions and allocation of liquidation proceeds.

  • Fractional Shares will have no right to vote (except to the extent their number is so that they represent a whole Share, in which case, they confer a voting right) but will have the right to participate pro rata in distributions and allocation of liquidation proceeds.

  • Fractional Shares are issued to one thousandth of a Share with smaller fractions being rounded.


More Definitions of Fractional Shares

Fractional Shares means the theoretical number of additional shares that could be purchased on the ex-dividend date, which is the first day an owner of a share of stock can sell it without losing the rights to an upcoming dividend, by reinvesting any dividends or distributions of the Company or any other company in the Peer Group. Fractional Shares will be set to one (1.0000) at the beginning of the Performance Period and therefore Measurement Period 1 and the progression will be calculated on a cumulative basis throughout the entire Performance Period. The calculation is as follows: Fractional Shares on the ex-dividend date plus the dividend on the ex-dividend date multiplied by the Fractional Shares on the ex-dividend date divided by the actual closing price on the last trading day prior to the ex-dividend date. Example: Assume dividend = $0.20, Fractional Shares on ex-dividend date = 1.0000, and prior trading day actual closing price = $44.35. 1.0000 + (1.0000 * $0.20) / $44.35 = 1.0045 resulting Fractional Shares.
Sample 1Sample 2
Fractional Shares means fractional shares of Parent Class A Common Stock.
Sample 1Sample 2
Fractional Shares. No fractional Units of Preferred Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a Unit of Preferred Stock.
Sample 1Sample 2
Fractional Shares shall be referred to and construed as the "fractions of shares" subject to Section 155 of Delaware Law.
Sample 1
Fractional Shares means fractional shares of Parent Class A Common Stock. "GAAP" means United States generally accepted accounting principles as in effect from time to time.
Sample 1
Fractional Shares. Any fractional share amount resulting from the exchange will be paid in cash. - DIVIDENDS: Payment of any dividends accrued will be paid at the time the shares are submitted for exchange. - ADDRESS CHANGES: If your permanent address should be changed on our records, please indicate address change in Box A. An address in Box F will be treated as the one time only, special instructions. IMPORTANT TAX INFORMATION PLEASE PROVIDE YOUR SOCIAL SECURITY OR OTHER TAX IDENTIFICATION NUMBER ON THIS SUBSTITUTE FORM W-9 AND CERTIFY THEREIN THAT YOU ARE NOT SUBJECT TO BACKUP WITHHOLDING. FAILURE TO DO SO WILL SUBJECT YOU TO 31% FEDERAL INCOME TAX WITHHOLDING FROM YOUR PAYMENT CHECK. BOX D Substitute Form W-9 Please provide the Taxpayer Identification Number ("TIN") of the person submitting this Letter of Transmittal in the box at right and certify by signing and dating below. Social Security Number ---------------------------------------
Sample 1
Fractional Shares. Section 2.3.6 "GM Building" -- Section 6.18 "Governmental or Regulatory Authority" -- Section 3.1.4 "group" -- Section 9.11(g) "Hazardous Material" -- Section 3.1.15 "Indemnified Liabilities" -- Section 6.10(a) "Indemnified Parties" -- Section 6.10(a) "Indemnifying Party" -- Section 6.10(a) "Intellectual Property" -- Section 3.1.16 "knowledge" -- Section 9.11(e) "laws" -- Section 3.1.4 "Lien" -- Section 3.1.2 "Limited Shares" -- Section 1.5.1 "Maryland Secretary of State" -- Section 1.4 "material", "material adverse effect" and "materially adverse" -- Section 9.11(f) "Merger" -- Recitals "Merger Sub" -- Recitals "MGCL" -- Section 1.2 "NYSE" -- Section 7.1.3 "Option Plans" -- Section 6.9.2 "Options" -- Section 3.1.2 "orders" -- Section 3.1.4 "Ownership Limit" -- Section 1.5.1 "Paired Shares" -- Section 2.2 "Payment Amount" -- Section 8.2 "Permanent Restriction" -- Section 6.9.3 "person" -- Section 9.11(g) "Plan" -- Section 3.1.13 "Principal Properties" -- Section 4.1.17 "Proxy Statement" -- Section 3.1.9 "REA" -- Section 4.1.17 "Registration Statement" -- Section 4.1.9 "REIT" -- Section 1.5.1 "REIT Requirements" -- Section 1.5.1 "Representatives" -- Section 9.11(h) 11
Sample 1