Common use of Binding Nature of Adjustments Clause in Contracts

Binding Nature of Adjustments. Adjustments under this Section 5 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional shares will be issued pursuant to the Options on account of any such adjustments.

Appears in 5 contracts

Sources: Incentive Stock Option Grant Agreement, Incentive Stock Option Grant Agreement (Carroll Bancorp, Inc.), Stock Option Grant Agreement (Carroll Bancorp, Inc.)