Fractional Shares Clause Example from Business Contracts
This example Fractional Shares clause appears in 2 contracts from 1 company
Fractional Shares. In lieu of issuing a fraction of a share upon any exercise of the Option, resulting from an adjustment of the Option pursuant to Section 4.2(f) of the Plan or otherwise, the Company will be entitled to pay to the Participant an amount equal to the fair market value of such fractional share.
Found in
Hibbett Sports, Inc. contract
Hibbett Sports, Inc. Contracts
Hibbett, Inc. Non-Employee Director Non-Qualified Option Agreement (Initial Grant, Service Requirement) (Filed With SEC on March 25, 2022)
Hibbett, Inc. Non-Employee Director Non-Qualified Option Agreement (Annual Grant; Fully Vested) (Filed With SEC on March 25, 2022)
