No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 11 contracts from 2 companies

No Fractional Shares. No fractional shares of Common Stock shall be issued or delivered under this Agreement. The Committee shall determine whether cash or other property shall be issued or paid in lieu of such fractional shares of Common Stock or whether such fractional shares of Common Stock or any rights thereto shall be forfeited or otherwise eliminated.