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.
Appears in 4 contracts
Samples: Letter of Agreement (Atlantic Pharmaceuticals Inc), Atlantic Pharmaceuticals Inc, Atlantic Pharmaceuticals Inc