Xx Fractional Shares. No fractional shares of Class B Common Stock will be issued in connection with any exercise hereunder. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the fair market value of one share of Class B Common Stock on the date of exercise, as determined in good faith by the Company’s Board of Directors.
Appears in 3 contracts
Samples: Broker Dealer Services Agreement (Evolution Development Group, Inc.), Broker Dealer Services Agreement (Evolution Development Group, Inc.), Broker Dealer Services Agreement (Evolution Development Group, Inc.)
Xx Fractional Shares. No fractional shares of Class B A Common Stock will be issued in connection with any exercise hereunder. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the fair market value of one share of Class B A Common Stock on the date of exercise, as determined in good faith by the Company’s Board of Directors.
Appears in 1 contract
