Common use of Fractions Clause in Contracts

Fractions. To the extent that a fractional number of Shares vest or that the Company is obligated to issue a fractional number of Shares, such number will be rounded down to the nearest whole share number.

Appears in 11 contracts

Sources: Restricted Stock Grant Agreement (McEwen Mining Inc.), Restricted Stock Award Agreement (NuZee, Inc.), Stock Option Agreement (NuZee, Inc.)

Fractions. To the extent that a fractional number of Shares vest or that the Company is obligated to issue a fractional number of Additional Shares, such number will be rounded down to the nearest whole share number.

Appears in 6 contracts

Sources: Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc)

Fractions. To the extent that a fractional number of Shares vest or that the Company is for any reason obligated to issue a fractional number of Shares, such number will be rounded down to the nearest whole share number.

Appears in 4 contracts

Sources: Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc)