No Fractional Rights. The Corporation shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights the Corporation shall pay to the holders of record of the Right Certificates, at the time such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction of a Right that would otherwise be issuable is of one whole Right.
No Fractional Rights. No fractional rights to subscribe for shares of common stock will be issued. The number of rights issued to a stockholder is proportional to the number of shares of common stock held by such stockholder on the record date. On the record date, eligible stockholders will receive a dividend of one right for every 2.15 shares of common stock owned of record on that date. If the number of shares of common stock held by a stockholder on the record date would result in the receipt of fractional rights, the number of rights distributed to such stockholder will be rounded up to the nearest whole number. Each right is exercisable for one share of common stock. This means that for every 2.15 shares of common stock held by an eligible stockholder on the record date, such stockholder will have the right to purchase one additional share of common stock.
No Fractional Rights. The Company shall not issue fractions of Rights or issue Right Certificates which evidence fractional Rights. Instead, in the event that the number of shares of Company Common Stock held by any Record Holder as of the Rights Record Date shall not be divisible by four (4), the number of Rights to be issued to such holder shall be rounded upward to the nearest whole Right. Record Holders will be instructed to allocate the Rights among beneficial owners for whom the Record Holders hold such Rights by rounding upward or downward to the nearest whole Right.
No Fractional Rights. The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(i) and Section 11(p) hereof, or to distribute Rights Certificates which evidence fractional Rights. In lieu of any such fractional Rights, the fractional Rights otherwise issuable shall be rounded to the nearest whole number of Rights with one-half of a Right being rounded to the next highest whole Right. Any determination under this Section 14(a) with respect to factional Rights shall be done on an aggregate basis taking into account all Rights held by such holder (i.e., such holder shall have no more than one fractional Right).
