Purposes of the Plan Clause Example from Business Contracts

Purposes of the Plan. The purposes of this Amended and Restated 2011 Stock Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company's business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 42...2 of the Code and the regulations promulgated thereunder. Restricted Stock and Restricted Stock Units may also be granted under the Plan. For purposes of clarity, this Amended and Restated 2011 Stock Incentive Plan will apply only to Awards granted under the Plan on or after the date this Amended and Restated 2011 Stock Incentive Plan is adopted by the Board. View More