No Fractional Plan Warrants or Shares. An Issuer shall not be required to issue fractions of Plan Warrants upon the reissue of Plan Warrants due to any adjustments as described in Section 1.4 or otherwise. In lieu of issuing any fractional interest, an Issuer shall round up to the nearest full Plan Warrant. If the total Plan Warrants surrendered by exercise would result in the issuance of a fractional Share, an Issuer shall not be required to issue a fractional Share but rather the aggregate number of Shares issuable will be rounded up to the nearest full share. At an Issuer’s sole option, an Issuer may pay the cash value of any such fractional interest in lieu of issuing additional Shares or Plan Warrants.
Appears in 5 contracts
Samples: Plan Warrant Agreement (Asia Leechdom Holding Corp), Plan Warrant Agreement (Fuqi International, Inc.), Plan Warrant Agreement (China Golden Dragon Travel Group)
No Fractional Plan Warrants or Shares. An Issuer shall not be required to issue fractions of Plan Warrants upon the reissue of Plan Warrants due to any adjustments as described in Section 1.4 or otherwise. In lieu of issuing any fractional interest, an Issuer shall round up to the nearest full Plan Warrant. If the total Plan Warrants surrendered by exercise would result in the issuance of a fractional Share, an Issuer shall not be required to issue a fractional Share but rather the aggregate number of Shares issuable will be rounded up to the nearest full share. At an Issuer’s 's sole option, an Issuer may pay the cash value of any such fractional interest in lieu of issuing additional Shares or Plan Warrants.
Appears in 1 contract
Samples: Plan Warrant Agreement (Dynamic Biometric Systems, Inc.)
