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 Stock shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.