Purposes of the Plan Clause Example from Business Contracts

This example Purposes of the Plan clause appears in 6 contracts from 5 companies

Purposes of the Plan. The purposes of this Plan are: ·to attract and retain the best available personnel for positions of substantial responsibility, ·to provide additional incentive to Employees, Directors and Consultants, and ·to promote the success of the Company's business. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and Performance Awards.