Fractional Shares Clause Example with 5 Variations from Business Contracts
This page contains Fractional Shares clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise hereunder, but in lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock on the date of exercise as reasonably determined in good faith by the Company's Board of Directors.
Found in
Celsion CORP contract
Variations of a "Fractional Shares" Clause from Business Contracts
Fractional Shares. No fractional shares of Common Stock Series Preferred will be issued in connection with any exercise hereunder, but in lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock a share of Series Preferred on the date of exercise as reasonably determined in good faith by the Company's Board of Directors.
Found in
eASIC Corp contract
Fractional Shares. No fractional shares of Common Stock Series Preferred will be issued in connection with any exercise hereunder, but in lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock Series Preferred on the date of exercise as reasonably determined in good faith by the Company's Board of Directors.
Fractional Shares. No fractional shares of Common Stock Shares will be issued in connection with any exercise hereunder, but in lieu of such fractional shares Shares the Company shall either (i) make a cash payment therefor based on the fair market value of the Common Stock Shares on the date of exercise as reasonably determined in good faith by the Company's Board of Directors. Directors, or (ii) round-up.
Found in
Writ Media Group, Inc. contract
Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise hereunder, but in lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock on the date of exercise as reasonably determined in good faith by the Company's Board of Directors. exercise.
Found in
CHEROKEE INC contract
Fractional Shares. No fractional shares of Common Stock Shares will be issued in connection with any exercise hereunder, but in lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock a Share on the date of exercise as reasonably determined in good faith by the Company's Board of Directors.
