Purposes of the Plan Clause Example from Business Contracts

This example Purposes of the Plan clause appears in 4 contracts from 4 companies

Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel for positions of substantial responsibility by providing an inducement material to individuals entering into employment with the Company or any Parent or Subsidiary of the Company. The Plan permits the grant of Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units and Performance Shares. Each Award under the Plan is intended to qualify as an employment ind...ucement award under Nasdaq Listing Rule 5635(c)(4) (the "Inducement Listing Rule"). View More