Example ContractsClausesfractional sharesVariants
Fractional Shares
Fractional Shares contract clause examples

Fractional Shares. The Corporation shall not, nor shall it cause its transfer agent to, issue any fraction of a share of Common Stock upon the Conversion. If the Conversion would result in the issuance of a fraction of a share of Common Stock, the Corporation shall round, or cause the Transfer Agent to round, such fraction of a share of Common Stock up to the nearest whole share.

Fractional Shares. The Company shall not issue any fraction of a share of Common Stock upon any conversion, if such issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to the nearest whole share except in the event that rounding up would violate the conversion limitation set forth in [section 2(b)] above

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