Fractional Share. The Participant may become vested and have a nonforfeitable right under the 2014 Stock Award and/or the 2015 Stock Award only to whole shares of Class A Common Stock. If the terms of the 2014 Stock Award and/or the 2015 Stock Award would entitle the Participant to become vested or have a nonforfeitable right in a fractional share of Class A Common Stock, such fractional share shall be disregarded or forfeited.
Appears in 3 contracts
Samples: Stock Award Agreement (Bluerock Residential Growth REIT, Inc.), Stock Award Agreement (Bluerock Residential Growth REIT, Inc.), Stock Award Agreement (Bluerock Residential Growth REIT, Inc.)
Fractional Share. The Participant may become vested and have a nonforfeitable right under the 2014 Stock Award and/or the 2015 Stock Award only to whole shares of Class A Common Stock. If the terms of the 2014 Stock Award and/or the 2015 Stock Award would entitle the Participant to become vested or have a nonforfeitable right in a fractional share of Class A Common Stock, such fractional share shall be disregarded or forfeited.
Appears in 2 contracts
Samples: Stock Award Agreement (Orchid Island Capital, Inc.), Stock Award Agreement (Xenith Bankshares, Inc.)
