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 will be issued in connection with any exercise hereunder, but in lieu of such fractional shares, the Company shall make a cash payment therefor upon the basis of the Warrant Exercise Price then in effect.

Variations of a "Fractional Shares" Clause from Business Contracts

Fractional Shares. No fractional shares of the Company's capital stock will be issued in connection with any exercise hereunder, of this Warrant, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor upon the basis of the Warrant Exercise Price then in effect.
Fractional Shares. No fractional shares vested Warrant Shares will be issued in connection with any exercise hereunder, of this Warrant, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor upon the basis of the Warrant Exercise Price then in effect.
Fractional Shares. No fractional shares of Preferred Stock or Common Stock will be issued in connection with any exercise hereunder, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor upon the basis of the Warrant Exercise Price then in effect.
Fractional Shares. No fractional shares Warrant Shares will be issued in connection with any exercise hereunder, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor upon on the basis of the Warrant Exercise Price then in effect.
Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise hereunder, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor upon the basis of the Warrant Exercise Price then in effect.