Common use of FRACTIONAL OPTION SHARES Clause in Contracts

FRACTIONAL OPTION SHARES. No fractional shares or scrip representing fractional shares of Common Stock shall be issued upon the exercise of this Option, but the Company shall issue one additional share of its Common Stock in lieu of each fraction of a share otherwise called for upon any exercise of this Option.

Appears in 5 contracts

Samples: 2006 Grant Agreement (Resmed Inc), 2006 Grant Agreement (Resmed Inc), 2006 Grant Agreement (Resmed Inc)

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