Purpose Clause Example from Business Contracts

Purpose. The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are important to the success of the Company, its Parent and Subsidiaries by offering eligible persons an opportunity to participate in the Company's future performance through the grant of Awards covering Shares. Capitalized terms not defined in the text are defined in Section 14 hereof. Although this Plan is intended to be a written compensatory benefit pl...an within the meaning of Rule 701, grants may be made pursuant to this Plan that do not qualify for exemption under Rule 701. View More