Fractional Shares definition
Fractional Shares. No fractional shares of Common Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a share of Common Stock.
Fractional Shares shall have the meaning specified in Section 2.2(c).
Fractional Shares has the meaning given to it in consideration (B);
Examples of Fractional Shares in a sentence
Fractional Shares carry proportionate voting rights and entitlements to dividends, distributions and redemptions identical to those of whole Shares.
More Definitions of Fractional Shares
Fractional Shares means a purchase of a proportion of a share. The benefits of fractional shares are that it provides extensive diversification for relatively small investments.
Fractional Shares means fractional shares of Parent Class A Common Stock.
Fractional Shares. No fractional Units of Preferred Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a Unit of Preferred Stock.
Fractional Shares means the theoretical number of additional shares that could be purchased on the ex-dividend date, which is the first day an owner of a share of stock can sell it without losing the rights to an upcoming dividend, by reinvesting any dividends or distributions of the Company or any other company in the Peer Group. Fractional Shares will be set to one (1.0000) at the beginning of the Performance Period and therefore Measurement Period 1 and the progression will be calculated on a cumulative basis throughout the entire Performance Period. The calculation is as follows: Fractional Shares on the ex-dividend date plus the dividend on the ex-dividend date multiplied by the Fractional Shares on the ex-dividend date divided by the actual closing price on the last trading day prior to the ex-dividend date. Example: Assume dividend = $0.20, Fractional Shares on ex-dividend date = 1.0000, and prior trading day actual closing price = $44.35. 1.0000 + (1.0000 * $0.20) / $44.35 = 1.0045 resulting Fractional Shares.
Fractional Shares. Upon the conversion of the Note into Equity ----------------- Securities, in lieu of any fractional shares to which the holder of the Note would otherwise be entitled, the Company shall pay cash equal to such fraction multiplied by the issue price of such Equity Securities. "Registration Rights" Upon conversion of the Notes or exercise ------------------- of the Warrant Shares, each Investor will be entitled to any registration rights granted the other holders of securities issued in the Next Financing. 5.
Fractional Shares. No fractional New ParentCo Shares shall be issued to satisfy the Exchange Price in connection with any retraction or redemption of the Exchangeable Shares, or in connection with any liquidation, dissolution or winding-up of ExchangeCo or New ParentCo. In lieu of issuing fractional New ParentCo Shares, holders shall receive a cash payment corresponding to the value of any such fractional entitlement. Stock Exchange Listing: The Exchangeable Shares will not be listed on any stock exchange. Successorship Transaction: In the event that New ParentCo merges, amalgamates with, or is acquired by another corporation, or in the event that all or substantially all of the outstanding New ParentCo Shares are converted into or exchanged for shares or rights to receive shares of another corporation (the “Successor Corporation”), and provided that the redemption right is not exercised by New ParentCo in connection with such transaction, all references to New ParentCo and New ParentCo Shares in the Exchangeable Share terms shall thereafter be deemed to refer to the Successor Corporation and the equivalent class of shares of the Successor Corporation, with appropriate adjustments to ensure that holders of Exchangeable Shares continue to receive shares or rights that are economically equivalent to those previously provided under these terms.
Fractional Shares means a fraction of a whole Share issued by the Company.