Purpose of Plan Clause Example with 4 Variations from Business Contracts

This page contains Purpose of Plan clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purpose of Plan. This 2012 Incentive Equity Plan (the "Plan") of loanDepot.com, LLC, a Delaware limited liability company (the "Company"), adopted by the Board of the Company on December 24, 2012, for employees, managers, consultants and advisers (including, without limitation, Trilogy Management Investors Two, LLC, a Delaware limited liability company, which will hold Class Y Common Units on behalf of certain employees, managers, consultants and advisers of the Company and its Subsidiaries) of the Company and i...ts Subsidiaries, is intended to advance the best interests of the Company and its Subsidiaries by providing those persons who have a substantial responsibility for their management and growth with additional incentives by allowing such persons to acquire an equity interest in the Company and thereby encouraging them to contribute to the success of the Company and its Subsidiaries and, in the case of employees, to remain in their employ. The availability and offering of Class Y Common Units under the Plan also is intended to increase the Company and its Subsidiaries' ability to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth, and profitability of the Company and its Subsidiaries depends. The Plan is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities Act and, unless and until the Class Y Common Units are publicly traded, the issuance of Class Y Common Units pursuant to the Plan is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701. View More Arrow

Variations of a "Purpose of Plan" Clause from Business Contracts

Purpose of Plan. This 2012 Incentive Equity 2007 Securities Purchase Plan (the "Plan") of loanDepot.com, Varietal Distribution Holdings, LLC, a Delaware limited liability company (the "Company"), adopted by the Board of Managers of the Company on December 24, 2012, June 29, 2007, for employees, managers, consultants and advisers (including, without limitation, Trilogy Management Investors Two, LLC, a Delaware limited liability company, which will hold Class Y Common Units on behalf of certain employees, managers..., consultants and advisers of the Company and its Subsidiaries) of the Company and its Subsidiaries, is intended to advance the best interests of the Company and its Subsidiaries by providing those persons who have a substantial responsibility for their management and growth with additional incentives by allowing such persons to acquire an equity interest in the Company and thereby encouraging them to contribute to the success of the Company and its Subsidiaries and, in the case of employees, to remain in their employ. The availability and offering of Class Y Common Units and Preferred Units under the Plan also is intended to increase the Company Company's and its Subsidiaries' ability to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth, and profitability of the Company and its Subsidiaries depends. The Plan is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities Act and, unless and until the Class Y Common Units and Preferred Units are publicly traded, the issuance of Class Y Common Units and Preferred Units pursuant to the Plan is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701; provided that the foregoing shall not require the Company to rely on Rule 701 for any issuance pursuant to this Plan to the extent that another exemption from registration under the Securities Act is available for such issuance. View More Arrow
Purpose of Plan. This 2012 2009 Incentive Equity Plan (the "Plan") of loanDepot.com, LLC, a Delaware limited liability company (the "Company"), adopted by the Board of the Company on December 24, 2012, [__], 2009, for employees, managers, consultants and advisers of the Company and its Subsidiaries (including, without limitation, Trilogy Management Investors Two, Investors, LLC, a Delaware limited liability company, which will hold Class Y Z Common Units on behalf of certain employees, managers, consultants and ...advisers of the Company and its Subsidiaries) of the Company and its Subsidiaries, Subsidiaries), is intended to advance the best interests of the Company and its Subsidiaries by providing those persons who have a substantial responsibility for their management and growth with additional incentives by allowing such persons to acquire an equity interest in the Company and thereby encouraging them to contribute to the success of the Company and its Subsidiaries and, in the case of employees, to remain in their employ. The availability and offering of Class Y Z Common Units under the Plan also is intended to increase the Company and its Subsidiaries' ability to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth, and profitability of the Company and its Subsidiaries depends. The Plan is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities Act and, unless and until the Class Y Z Common Units are publicly traded, the issuance of Class Y Z Common Units pursuant to the Plan is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701. View More Arrow
Purpose of Plan. This 2012 2015 Incentive Equity Plan (the "Plan") of loanDepot.com, LLC, a Delaware limited liability company (the "Company"), adopted by the Board of the Company on December 24, 2012, 31, 2015, for employees, managers, consultants and advisers (including, without limitation, Trilogy Management Investors Two, Eight, LLC, a Delaware limited liability company, which will hold Class Y V Common Units on behalf of certain employees, managers, consultants and advisers of the Company and its Subsidiari...es) of the Company and its Subsidiaries, is intended to advance the best interests of the Company and its Subsidiaries by providing those persons Persons who have a substantial responsibility for their management and growth with additional incentives by allowing such persons Persons to acquire an equity interest in the Company and thereby encouraging them to contribute to the success of the Company and its Subsidiaries and, in the case of employees, to remain in their employ. The availability and offering of Class Y V Common Units under the Plan also is intended to increase the Company and its Subsidiaries' ability to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth, and profitability of the Company and its Subsidiaries depends. The Plan is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities Act and, unless and until the Class Y V Common Units are publicly traded, the issuance of Class Y V Common Units pursuant to the Plan is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701. View More Arrow
Purpose of Plan. This 2012 2009 Incentive Equity Plan (the "Plan") of loanDepot.com, LLC, a Delaware limited liability company (the "Company"), adopted by the Board of the Company on December 24, 2012, 30, 2009, for employees, managers, consultants and advisers of the Company and its Subsidiaries (including, without limitation, Trilogy Management Investors Two, Investors, LLC, a Delaware limited liability company, which will hold Class Y Z Common Units on behalf of certain employees, managers, consultants and ad...visers of the Company and its Subsidiaries) of the Company and its Subsidiaries, Subsidiaries), is intended to advance the best interests of the Company and its Subsidiaries by providing those persons who have a substantial responsibility for their management and growth with additional incentives by allowing such persons to acquire an equity interest in the Company and thereby encouraging them to contribute to the success of the Company and its Subsidiaries and, in the case of employees, to remain in their employ. The availability and offering of Class Y Z Common Units under the Plan also is intended to increase the Company and its Subsidiaries' ability to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth, and profitability of the Company and its Subsidiaries depends. The Plan is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities Act and, unless and until the Class Y Z Common Units are publicly traded, the issuance of Class Y Z Common Units pursuant to the Plan is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701. View More Arrow