No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 4 contracts from 1 company

No Fractional Shares. No fractional shares of Class A Common Stock shall be issued or delivered pursuant to the Plan. The Board shall determine whether cash 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.
Found in Estee Lauder Cos. contract
Estee Lauder Cos. Contracts

The Este Lauder Companies Inc. Amended and Restated Non-Employee Director Share Incentive Plan (as of August 22, 2019) (SEC File No. 1-14064) (Filed With SEC on October 31, 2019)

The Este Lauder Companies Inc. Amended and Restated Non-Employee Director Share Incentive Plan (as of July 13, 2021) (SEC File No. 1-14064) (Filed With SEC on August 27, 2021)

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

The Este Lauder Companies Inc. Amended and Restated Non-Employee Director Share Incentive Plan (as of November 1, 2017) (SEC File No. 1-14064) (Filed With SEC on November 1, 2017)