Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Option, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Option.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Trestle Holdings Inc), Non Qualified Stock Option Agreement (Trestle Holdings Inc)
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 2 contracts
Samples: Subscription Agreement (Ener1 Inc), Subscription Agreement (Ener1 Inc)
Stock Certificates; Fractional Shares. As soon as practicable on or after the any date of any exercise of the Optionthis Warrant, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock Shares issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock Share as of such the date of exerciseexercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 2 contracts
Samples: Termination Agreement (Herbalife Ltd.), Termination Agreement (Herbalife Ltd.)
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionthis Warrant, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share Share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionthis Warrant, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Samples: Collaboration Agreement (Lixte Biotechnology Holdings, Inc.)
Stock Certificates; Fractional Shares. As soon as practicable on or after the any date of any exercise of the Optionthis Warrant, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Samples: Warrant Agreement (Transbotics Corp)
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such the date of exerciseexercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Option.this Warrant. INTEL/VELOCOM CONFIDENTIAL
Appears in 1 contract
Samples: Supplemental Series B Preferred Stock Purchase Agreement (Velocom Inc)
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Warrant Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Warrant Stock as of such the date of exerciseexercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Samples: Cooperation Agreement (MSH Entertainment Corp /Ca/)
Stock Certificates; Fractional Shares. As soon as practicable on or ------------------------------------- after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such the date of exerciseexercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal rounded down to such fraction of the current Fair Market Value of one nearest whole share of Common Stock as of such date of exerciseshare. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Samples: Common Stock and Warrant Purchase Agreement (Novell Inc)
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of the Optionsuch date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Warrant Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Warrant Stock as of such the date of exerciseexercise of this Warrant. No fractional shares or of scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Stock Certificates; Fractional Shares. As soon as practicable on or after the any date of any exercise of the Optionthis Warrant pursuant to this Section 2, the Company shall issue and deliver to the person Person or persons Persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Warrant Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal rounded to such fraction the nearest number of the current Fair Market Value of one whole share of Common Stock as of such date of exerciseshares. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of the Optionthis Warrant.
Appears in 1 contract
Samples: Securities Purchase Agreement (Global Resource CORP)