Fractional Sample Clauses
A 'Fractional' clause defines how partial quantities or incomplete units are handled within a contract, particularly in contexts involving goods, services, or deliverables that may not always be whole or exact. This clause typically specifies whether fractions of units are permissible, how they are to be calculated, and how payment or delivery obligations are adjusted accordingly—for example, allowing for the delivery and invoicing of 2.5 tons of material instead of requiring whole tons. Its core practical function is to provide flexibility and clarity in transactions where exact quantities may not be feasible, thereby preventing disputes over minor discrepancies and ensuring both parties understand how partial amounts are treated.
POPULAR SAMPLE Copied 1 times
Fractional time Employees shall receive medical and health insurance, life insurance and dental insurance, and appropriate retirement contribution, in the same manner as would apply to any Employee working full-time.
Fractional. SHARES No fractional Shares shall be issuable upon exercise or conversion of this Warrant and the number of Shares to be issued shall be rounded down to the nearest whole Share. If a fractional Share interest arises upon any exercise or conversion of the Warrant, the Company shall eliminate such fractional Share interest by paying Holder the amount computed by multiplying the fractional interest by the closing bid price of a full Share on the date of the Notice of Exercise.
Fractional. Notwithstanding any other provision of this Agreement, if the Agencies would otherwise have been entitled to receive a fraction of a share of Stock in lieu thereof, the Agencies shall receive cash (without interest) in an amount equal to such fractional part of a share of Stock. No such holder will be entitled to dividends, voting rights, or any other rights as a shareholder in respect of any fractional shares.
Fractional. Notwithstanding any other provision of this Agreement, each Shareholder who would otherwise have been entitled to receive a fraction of a share of FSLB Common Stock (after taking into account all certificates delivered by such holder) shall receive, in lieu thereof, cash (without interest) in an amount equal to such fractional part of a share of FSLB Common Stock multiplied by the Conversion Price. No such holder will be entitled to dividends, voting rights, or any other rights as a Shareholder in respect of any fractional shares.
Fractional. The Company shall not be required to issue fractional shares of Common Stock upon exercise of any Warrant. As to any fraction of a share that the Holder of one or more Warrants, the rights under which are exercised in the same transaction, would otherwise be entitled to purchase upon such exercise, the Company shall pay a cash adjustment in respect of such final fraction in an amount equal to the same fraction of the fair market value of one share of Common Stock on the Exercise Date.
Fractional. Common Shares No fractional Common Shares shall be issued upon exercise of this Warrant. If any fractional interest in a Common Share would, except for the provisions of this Section 1.6, be deliverable upon the exercise of this Warrant, the Corporation shall, in lieu of delivering the fractional Common Shares therefor satisfy the right to receive such fractional interest by rounding up the number of Common Shares to the nearest whole number.