Purposes of the Plan Clause Example from Business Contracts

Purposes of the Plan. Shares Subject to the Plan 2 3. Administration of the Plan 3 4. Stock Options 5 5. Restricted Stock 7 6. Restricted Stock Units 8 7. Stock Appreciation Rights 8 8. Performance Stock Units and Performance Shares 9 9. Performance Awards 10 10. Leaves of Absence/Transfer Between Locations/Change of Status 10 11. Transferability of Awards 11 12. Adjustments; Dissolution or Liquidation 12 13. Change in Control 12 14. Tax Matters 14 15. Other Terms 14 16. Term of Plan 15 17. Amendment and Termination ...of the Plan 15 18. Conditions Upon Issuance of Shares 16 19. Stockholder Approval 17 20. Definitions 17 1. Purposes of the Plan. The purposes of this Plan are to attract and retain personnel for positions with the Company Group, to provide additional incentive to Employees, Directors, and Consultants (collectively, "Service Providers"), and to promote the success of the Company's business. The Plan permits the grant of Incentive Stock Options to Employees and the grant of Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Stock Units, and Performance Awards to any Service Provider. View More