Common use of Fractional entitlements Clause in Contracts

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.2, and all Fractional Entitlements in respect of Covidien Options or Covidien Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata to the holders of such Covidien Options or Covidien Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitled.

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.2, and all Fractional Entitlements in respect of Covidien Xxxxxx Xxxxxxxx Options or Covidien Xxxxxx Xxxxxxxx Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata to the holders of such Covidien Xxxxxx Xxxxxxxx Options or Covidien Xxxxxx Xxxxxxxx Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitled.

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.24.3, and all Fractional Entitlements in respect of Covidien Options or Covidien Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata to the holders of such Covidien Options or Covidien Xxxxxx Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitledAwards.

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.2, 4.2 and all Fractional Entitlements in respect of Covidien Elan Options or Covidien Elan Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata to the holders of such Covidien Elan Options or Covidien Elan Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitled.

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.2, 4.2 and all Fractional Entitlements in respect of Covidien Elan Options or Covidien Elan Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata pro−rata to the holders of such Covidien Elan Options or Covidien Elan Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitled.

Fractional entitlements. Notwithstanding anything to the contrary contained in this Clause 4, no Fractional Entitlements shall be issued by Holdco under Clause 4.1 or Clause 4.2, and all Fractional Entitlements in respect of Covidien Strongbridge Options or Covidien Strongbridge Share Awards shall be aggregated and sold in the market by the Exchange Agent with the net proceeds of any such sale distributed pro-rata to the holders of such Covidien Strongbridge Options or Covidien Strongbridge Share Awards in accordance with the Fractional Entitlements to which they would otherwise have been entitled.