Common use of No Fractional Units Clause in Contracts

No Fractional Units. In the event the Final Award Number is a number of Units that is not a whole number, then the Final Award Number shall be rounded down to the nearest whole number.

Appears in 10 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Us Bancorp \De\), Restricted Stock Unit Award Agreement (Us Bancorp \De\), Restricted Stock Unit Award Agreement (Us Bancorp \De\)

AutoNDA by SimpleDocs

No Fractional Units. In the event the Final Award Number is a number of Units that is not a whole number, then the Final Award Number shall be rounded down up to the nearest whole number.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Expeditors International of Washington Inc), Performance Share Award Agreement (Expeditors International of Washington Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.