Common use of Rounding up Clause in Contracts

Rounding up. A whole-share procedure shall apply for purposes of a distribution to a Participant who has terminated employment and whose vested percentage is less than 100 percent. In this case, if the application of the above vesting schedule in determining the number of Shares to be distributed would otherwise result in a fractional Share, the fraction shall be rounded up to one full Share. Conversely, the number of Shares to be forfeited shall be rounded down to the nearest number of whole Shares.

Rounding up. A whole-share procedure shall apply for purposes of a distribution to a Participant who has terminated employment and employment, whose vested percentage is less than 100 percent. , and whose accounts include shares of either Company or Epitope, Inc. In this case, if the application of the above vesting schedule in determining the number of Shares such shares to be distributed would otherwise result in a fractional Shareshare, the fraction shall be rounded up to one full Shareshare. Conversely, the number of Shares such shares to be forfeited shall be rounded down to the nearest number of whole Sharesshares.