Fractional Stock Sample Clauses
The Fractional Stock clause defines how ownership of less than one whole share of stock is handled within an agreement. Typically, this clause outlines whether fractional shares will be issued, rounded up or down, or settled in cash, especially in events like stock splits, mergers, or dividend distributions. Its core function is to ensure clarity and consistency in the treatment of fractional shares, preventing disputes and administrative complications that could arise from partial share ownership.
Fractional Stock. No fractional shares shall be issued in connection with any exercise of this Warrant. In lieu of the issuance of such fractional share, the Company shall make a cash payment equal to the then fair market value of such fractional share as determined in good faith by the Company's Board of Directors.
Fractional Stock. No fractional shares of Common Stock shall be issued in the Merger. If the product of the number of OneLove Membership Interests a Member holds immediately prior to the Closing would result in the issuance of a fractional Merger Sub Membership Interest, that product will be rounded down to the nearest whole number of Merger Sub Membership Interests if it is equal to or less than the fraction of one-half (.5) of one Merger Sub Membership Interest or round up to the nearest whole number of Merger Sub Membership Interests if it is greater than the fraction of one-half (.5) of one Merger Sub Membership Interest.
Fractional Stock. The Company shall not be required to issue fractional shares of stock upon the exercise or settlement of any Award. Any fractional share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole number, and the exercise price per share shall be rounded up to the nearest whole cent. In no event may the exercise price of any Award be decreased to an amount less than the par value, if any, of the stock subject to the Award. The Committee in its sole discretion, may also make such adjustments in the terms of any Award to reflect, or related to, such changes in the capital structure of the Company or distributions as it deems appropriate. The adjustments determined by the Committee pursuant to this Section shall be final, binding and conclusive.
Fractional Stock. No fractional shares of Common Stock shall be issued in the Merger. If the product of the number of shares a MamaMancini’s shareholder holds immediately prior to the Closing would result in the issuance of a fractional share of Merger Sub’s Common Stock, that product will be rounded down to the nearest whole number of shares of Merger Sub’s Common Stock if it is equal to or less than the fraction of one-half (.5) of one share or round up to the nearest whole number of shares of Merger Sub’s Common Stock if it is greater than the fraction of one-half (.5) of one share of Merger Sub’s Common Stock.
Fractional Stock. No fractional shares of Common Stock or scrip shall be issued to any Warrantholder in connection with the exercise of this Warrant. The portion of any exercise price received that represents a fraction of a share will be returned to the Warrantholder.
Fractional Stock. Series A Junior Participating Preferred Stock may be issued in fractions of a share which shall entitle the holder, in proportion to such holder's fractional shares, to exercise voting rights, receive dividends, participate in liquidating distributions and to have the benefit of all other rights of holders of Series A Junior Participating Preferred Stock.
Fractional Stock. Series A Participating Preferred Stock may be issued in fractions of a share which shall entitle the holder, in proportion to such holder's fractional shares, to exercise voting rights, receive dividends, participate in distributions and have the benefit of all other rights of a holder of Series A Participating Preferred Stock. [Signature Page Follows]
Fractional Stock. No fractional shares of Common Stock shall be issued in the Merger. If the product of the number of shares a IneedMD shareholder holds immediately prior to the Closing would result in the issuance of a fractional share of Merger Sub’s Common Stock, that product will be rounded down to the nearest whole number of shares of Merger Sub’s Common Stock if it is equal to or less than the fraction of one-half (.5) of one share or round up to the nearest whole number of shares of Merger Sub’s Common Stock if it is greater than the fraction of one-half (.5) of one share of Merger Sub’s Common Stock.
Fractional Stock. Fractional shares of Common Stock shall be issued, if necessary, upon conversion of Outstanding Debt.
Fractional Stock. No fractions of shares shall be issued in connection with the exercise of this Warrant, and the number of shares issued shall be rounded up to the nearest whole number.