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Common use of Fractions Clause in Contracts

Fractions. To the extent that the Company is obligated to issue a fractional number of Performance Restricted Stock Units, such number will be rounded down to the nearest whole share number.

Appears in 6 contracts

Sources: Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc)

Fractions. To the extent that the Company is obligated to issue a fractional number of Performance Restricted Stock Units, such number will be rounded down to the nearest whole share number.

Appears in 4 contracts

Sources: Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc)

Related Clauses

  • Fractional Shares
  • Fractional Units
  • Fractional Warrants and Fractional Shares
  • Fractional Warrants
  • Fractional Rights

Parent Clauses

  • Shares
  • Establishment and Designation of Series
  • Establishment and Designation of Shares
  • Establishment and Designation of Series and Classes
  • Establishment of Series and Classes of Shares

Sub-Clauses

  • Breach of other obligations
  • Non-payment
  • Cross-Default
  • Interpretation
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