Purposes of the Plan Clause Example from Business Contracts

This example Purposes of the Plan clause appears in 5 contracts from 3 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 Options and Stock Purchase Rights as the Administrator may determine.