Purpose Eligibility Clause Example from Business Contracts

Purpose Eligibility. 1.1 General Purpose. The name of this plan is the Biocept, Inc. 2013 Equity Incentive Plan (the "Plan"). The purposes of the Plan are to (a) enable Biocept, Inc., a Delaware corporation (the "Company"), to attract and retain the types of Employees, Consultants and Directors who will contribute to the Company's long range success; (b) provide incentives that align the interests of Employees, Consultants and Directors with those of the stockholders of the Company; and (c) promote the success of th...e Company's business. 1.2 Eligible Award Recipients. The persons eligible to receive Awards are the Employees, Consultants and Directors of the Company. 1.3 Available Awards. Awards that may be granted under the Plan include: (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stock Appreciation Rights, (d) Restricted Awards and (e) Performance Compensation Awards. View More