No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 3 contracts from 1 company

No Fractional Shares. No fractional shares of Class A Common Stock shall be issued or delivered pursuant to the Plan or any Benefit. On or before the date of grant of any Benefit under the Plan that is subject to Section 409A of the Code, the Committee shall determine whether cash, or Benefits, or other property shall be issued or paid in lieu of fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated with respect to that Benefit.
Found in Estee Lauder Cos. contract
Estee Lauder Cos. Contracts

The Este Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan (Filed With SEC on November 19, 2019)

THE ESTE LAUDER COMPANIES INC. AMENDED AND RESTATED FISCAL 2002 SHARE INCENTIVE PLAN (as of November 12, 2015) (Filed With SEC on November 16, 2015)

The Este Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan (SEC File No. 1-14064) (Filed With SEC on August 25, 2017)