Common use of Fractional Amount Clause in Contracts

Fractional Amount. Notwithstanding anything in this Agreement to the contrary, to the extent the number of shares are to be retained or obtained by the Company pursuant to Paragraph 4(c)(i) and Paragraph 4(c)(ii), as the case may be, does not equal a whole number of shares, the Company shall increase the number of shares for purposes of Paragraph 4(c)(i) and Paragraph 4(c)(ii), as the case may be, to the next whole number of shares. The Fractional Amount shall be remitted by the Company to the taxing authorities on your behalf to be applied to federal, state, local and foreign withholding obligations imposed on the Company with respect to compensation paid to you during the calendar year in which the Vesting Date occurs.

Fractional Amount. Notwithstanding anything in this Agreement to the contrary, to the extent the number of shares are to be retained or obtained by the Company pursuant to Paragraph 4(c)(i) and Paragraph 4(c)(ii), as the case may be, does not equal a whole number of shares, the Company shall increase the number of shares for purposes of Paragraph 4(c)(i) and Paragraph 4(c)(ii), as the case may be, to the next whole number of shares. The Fractional Amount shall be remitted by the Company to the taxing authorities on your behalf to be applied to federal, state, local and foreign withholding obligations imposed on the Company with respect to compensation paid to you during the calendar year in which the Vesting Date occurs.