Purposes of the Plan Clause Example from Business Contracts

This example Purposes of the Plan clause appears in 4 contracts from 3 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 grant under Nasdaq Listing Rule 5635(c)(4) and the official regulations thereunder (together, the "Inducement Listing Rule") or to qualify under the exception relating to plans or arrangements relating to an acquisition or merger under Nasdaq Listing Rule 5635(c)(3) and the official guidance thereunder. View More
Found in SOLENO THERAPEUTICS INC contract
SOLENO THERAPEUTICS INC Contracts

2020 Inducement Equity Incentive Plan and form of option agreement therenuder (Filed With SEC on October 2, 2020)

2020 Inducement Equity Incentive Plan, as amended on February 17, 2023 (Filed With SEC on February 24, 2023)

Oric Pharmaceuticals, Inc. Contracts

2022 Inducement Equity Incentive Plan and related forms of stock option and restricted stock unit agreements (Filed With SEC on March 4, 2022)

Applied Molecular Transport Inc. Contracts

2022 Inducement Equity Incentive Plan and related forms of stock option and restricted stock unit agreements (Filed With SEC on March 4, 2022)