Purposes of the Plan Clause Example from Business Contracts

This example Purposes of the Plan clause appears in 3 contracts from 1 company

Purposes of the Plan. The purpose of this Plan is 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. Each Award under the Plan is intended to qualify as an employment inducement grant under the Listing Rule 5635(c)(4). The Plan permits the grant of Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Ri...ghts, Performance Units and Performance Shares. View More