Purposes of the Plan Clause Example from Business Contracts

Purposes of the Plan. The TEGP Management, LLC Long-Term Incentive Plan (the "Plan") has been adopted by TEGP Management, LLC, a Delaware limited liability company (the "Company"), the general partner of Tallgrass Energy GP, LP, a Delaware limited partnership (the "Partnership"), and is intended to promote the interests of the Partnership and the Company and their Affiliates (as defined below) by providing to employees, consultants, and directors of the Company and its Affiliates who perform services for or on behalf... of the Partnership or its Affiliates incentive compensation awards for superior performance that are based on Shares (as defined below). The Plan is also contemplated to enhance the ability of the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership and its subsidiaries and to encourage them to devote their best efforts to advancing the business of the Partnership and its subsidiaries. View More