Common use of No Fractional Share or Scrip Clause in Contracts

No Fractional Share or Scrip. No fractional shares or scrip representing fractional shares shall be issued hereunder. Any fractional shares shall be rounded to the nearest whole share such that fractions of .50 and greater shall be rounded up to the next whole share and fractions of less than .50 shall be rounded down.

Appears in 5 contracts

Samples: Stock Exchange Agreement (TLC Laser Center Inc), Stock Exchange Agreement (TLC Laser Center Inc), Stock Exchange Agreement (TLC Laser Center Inc)

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