This excerpt taken from the WTNY 10-Q filed Nov 10, 2008.
Number of Shares. The number of shares of Common Stock transferred by the Company to each Eligible Director for receipt or deferral hereunder as of each Stock Transfer Date shall be the number of whole shares of Common Stock equal to A divided by B, where:
A = the dollar value of $30,000; and
B = the Fair Market Value per share of Common Stock on the Stock Transfer Date.
In determining the number of shares of Common Stock, any fraction of a share will be rounded up to the next whole number of shares. The amount of Common Stock shall be subject to adjustment, from time to time, as provided in Section 3.4 hereof.”