Purposes of the Plan Clause Example with 4 Variations from Business Contracts

This page contains Purposes of the 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.
Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating key executives to: (1) perform to the best of their abilities, and (2) achieve the Company's objectives. The Plan's goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company or upon the achievement of objectively determinable individual performance goals. The Plan is intended to permit the payment of bonuses... that may qualify as performance-based compensation under Code section 162(m). View More
Found in ACCURAY INC contract

Variations of a "Purposes of the Plan" Clause from Business Contracts

Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating key executives and employees to: (1) perform to the best of their abilities, abilities and (2) achieve the Company's objectives. The Plan's goals are to be achieved by providing such executives Participants with incentive awards based on the achievement of goals relating to the performance of the Company or a subsidiary (or any division or business unit of the Company or a subsidiary), or upon the ach...ievement of objectively determinable individual performance goals. The Plan is intended to permit the payment of bonuses that may qualify as performance-based compensation "performance-based compensation" under Code section Section 162(m). View More
Found in AMKOR TECHNOLOGY, INC. contract
Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating key executives to: (1) perform to the best of their abilities, and (2) achieve the Company's objectives. The Plan's goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company or upon the achievement of objectively determinable individual predetermined performance goals. The Plan is intended to permit the paym...ent of bonuses that may qualify as performance-based compensation under Code section 162(m). View More
Found in Juniper Networks contract
Purposes of the Plan. The Plan is intended to increase stockholder shareholder value and the success of the Company by motivating key executives to: (1) to perform to the best of their abilities, and (2) to achieve the Company's objectives. The Plan's goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company or upon the achievement of objectively determinable individual performance goals. Company. The Plan is intended to pe...rmit the payment of bonuses that may qualify as performance-based compensation under Code section Section 162(m). View More
Found in Plantronics Inc contract
Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating key executives to: (1) perform to the best of their abilities, and (2) achieve the Company's objectives. The Plan's goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company or upon the achievement of objectively determinable individual predetermined objective performance goals. The Plan is intended to permi...t designed with the intent that the payment of bonuses that may qualify as is deductible performance-based compensation under Code section Section 162(m). View More
Found in Juniper Networks contract