Issuances of Parent Common Stock. Any shares of Parent Common Stock issued pursuant to this Agreement will be evidenced by direct book-entry registration only, without the issuance of certificates representing such shares of Parent Common Stock and shall be rounded down to the nearest whole share of Parent Common Stock. The Parent’s transfer agent shall document the terms, conditions and restrictions set forth in this Section 2.7.
Issuances of Parent Common Stock. Prior to the Closing, Parent shall not issue, sell or grant any shares of Parent Common Stock, options to purchase shares of Parent Capital Stock, Parent preferred stock, or any securities convertible into or exchangeable or exercisable for Parent Common Stock, other than: (a) grants of Parent Options to purchase no more than 250,000 shares of Parent Common Stock granted to employees of Parent during the Pre-Closing Period in the ordinary course of business consistent with past practices; and (b) the issuance of shares of Parent Common Stock upon the exercise or settlement of any Parent Options outstanding on the Agreement Date.
