Purpose Clause Example with 6 Variations from Business Contracts

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 2 4. Stock Shares Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 5. Stock Share Options 2 (a) General 2 (b) Incentive Stock Options Exercise Price 2 (c) Exercise Price 3 (d) Duration of Options 3 (e) (d) Exercise of Options 3 (f) (e) Payment Upon Exercise 4 3 6. Stock Share Appreciation Rights 5 4 (a) General 5 4 (b) Measurement Price 5 4 (c) Duration of SARs ...5 4 (d) Exercise of SARs 5 4 7. Restricted Stock; Restricted Stock Units Other Share-Based Awards 5 (a) General 5 (b) Terms and Conditions for All Restricted Stock Awards 5 (c) Additional Provisions Relating to Restricted Stock 5 (d) Additional Provisions Relating to Restricted Stock Units 6 8. Other Stock-Based Awards 6 (a) General 6 (b) Terms and Conditions 6 9. Adjustments for Changes in Common Stock Shares and Certain Other Events 7 5 (a) Changes in Capitalization 7 5 (b) Reorganization Events and Conversion Events 5 (c) Change in Control Events 7 10. 9. General Provisions Applicable to Awards 9 8 (a) Transferability of Awards 9 8 (b) Documentation 9 8 (c) Board Discretion 9 8 (d) Termination of Status 10 8 (e) Withholding 10 9 (f) Amendment of Award 10 (g) Conditions on Delivery of Stock Shares 10 (h) Acceleration 11 11. 10 10. Miscellaneous 11 (a) No Right To Employment or Other Status 11 (b) No Rights As Stockholder Member 11 PAGE (c) Effective Date and Term of Plan 11 (d) Amendment of Plan 11 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 (f) Compliance with Section 409A of the Code 12 11 (g) Limitations on Liability 12 (h) Governing Law 12 iii 2016 STOCK 2015 EQUITY INCENTIVE PLAN OF IMARA INC. DECIPHERA PHARMACEUTICALS, LLC 1. Purpose The purpose of this 2016 Stock 2015 Equity Incentive Plan (the "Plan") of IMARA Inc., Deciphera Pharmaceuticals, LLC, a Delaware corporation limited liability company (the "Company"), is to advance the interests of the Company's stockholders members by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. members. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors governing body of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), 1.409A-1(b)(5)(iii)(E) or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) 6) and Other Stock-Based Share-Based Awards (as defined in Section 8). 7). View More

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 4. Stock Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 5. Stock Options 2 (a) General 2 (b) Incentive Stock Options 2 (c) Exercise Price 3 2 (d) Duration of Options 3 (e) Exercise of Options 3 (f) Payment Upon Exercise 4 3 6. Stock Appreciation Rights 5 4 (a) General 5 4 (b) Measurement Price 5 4 (c) Duration of SARs 5 4 (d) Exercise of SARs 5 4 7. Restricted... Stock; Stock: Restricted Stock Units 5 4 (a) General 5 4 (b) Terms and Conditions for All Restricted Stock Awards 5 (c) Additional Provisions Relating to Restricted Stock 5 (d) Additional Provisions Relating to Restricted Stock Units 6 5 8. Other Stock-Based Awards 6 (a) General 6 (b) Terms and Conditions 6 9. Adjustments for Changes in Common Stock and Certain Other Events 7 6 (a) Changes in Capitalization 7 6 (b) Reorganization Events 7 6 10. General Provisions Applicable to Awards 9 Awards. 8 (a) Transferability of Awards 9 8 (b) Documentation 9 8 (c) Board Discretion 9 8 (d) Termination of Status 10 8 (e) Withholding 10 8 (f) Amendment of Award 10 9 (g) Conditions on Delivery of Stock 10 9 (h) Acceleration 10 11. 11. Miscellaneous 11 Miscellaneous. 10 (a) No Right To Employment or Other Status 11 10 (b) No Rights As Stockholder 11 PAGE 10 (c) Effective Date and Term of Plan 11 10 (d) Amendment of Plan 11 10 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 10 (f) Compliance with Section 409A of the Code 12 10 (g) Limitations on Liability 12 11 (h) Governing Law 12 iii 2016 11 ii 2019 STOCK INCENTIVE PLAN OF IMARA THIRD HARMONIC BIO, INC. 1. Purpose The purpose of this 2016 2019 Stock Incentive Plan (the "Plan") of IMARA Third Harmonic Bio, Inc., a Delaware corporation (the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or and future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), 1.409A-l(b)(5)(iii)(E), or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8). View More

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 2 (c) Delegation to Officers 2 4. Stock Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 5. Stock Options 2 (a) General 2 (b) Incentive Stock Options 2 3 (c) Exercise Price 3 (d) Duration of Options 3 4 (e) Exercise of Options 3 4 (f) Payment Upon Exercise 4 (g) Limitation on Repricing 5 6. Stock Appreciation Rights 5 (a) General 5 (b) Measurement Price 5 (c) Du...ration of SARs 5 (d) Exercise of SARs 5 (e) Limitation on Repricing 5 7. Restricted Stock; Restricted Stock Units 5 6 (a) General 5 6 (b) Terms and Conditions for All Restricted Stock Awards 5 6 (c) Additional Provisions Relating to Restricted Stock 5 6 (d) Additional Provisions Relating to Restricted Stock Units 6 7 8. Other Stock-Based Awards 6 7 (a) General 6 7 (b) Terms and Conditions 6 7 9. Adjustments for Changes in Common Stock and Certain Other Events 7 (a) Changes in Capitalization 7 (b) Reorganization Events 7 8 10. General Provisions Applicable to Awards 9 10 (a) Transferability of Awards 9 10 (b) Documentation 9 10 (c) Board Discretion 9 10 (d) Termination of Status 10 (e) Withholding 10 (f) Amendment of Award 10 11 (g) Conditions on Delivery of Stock 10 11 (h) Acceleration 11 11. Miscellaneous 11 (a) No Right To Employment or Other Status 11 (b) No Rights As Stockholder 11 PAGE 12 (c) Effective Date and Term of Plan 11 12 (d) Amendment of Plan 11 12 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 12 (f) Compliance with Section 409A of the Code 12 (g) Limitations on Liability 12 13 (h) Governing Law 12 iii 2016 STOCK 13 - ii - AMENDED AND RESTATED 2017 EQUITY INCENTIVE PLAN OF IMARA INOZYME PHARMA, INC. 1. Purpose The purpose of this 2016 Stock Amended and Restated 2017 Equity Incentive Plan (the "Plan") of IMARA Inozyme Pharma, Inc., a Delaware corporation (the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or and future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8). View More

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 2 4. Stock Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 5. Stock Options 2 (a) General 2 (b) Incentive Stock Options 2 3 (c) Exercise Price 3 (d) Duration of Options 3 4 (e) Exercise of Options 3 4 (f) Payment Upon Exercise 4 6. Stock Appreciation Rights 5 (a) General 5 (b) Measurement Price 5 (c) Duration of SARs 5 (d) Exercise of SARs 5 7. Restricted Stock...; Restricted Stock Units 5 (a) General 5 (b) Terms and Conditions for All Restricted Stock Awards 5 6 (c) Additional Provisions Relating to Restricted Stock 5 6 (d) Additional Provisions Relating to Restricted Stock Units 6 8. Other Stock-Based Awards 6 7 (a) General 6 7 (b) Terms and Conditions 6 7 9. Adjustments for Changes in Common Stock and Certain Other Events 7 (a) Changes in Capitalization 7 (b) Reorganization Events 7 8 10. General Provisions Applicable to Awards 9 10 (a) Transferability of Awards 9 10 (b) Documentation 9 11 (c) Board Discretion 9 11 (d) Termination of Status 10 11 (e) Withholding 10 11 (f) Amendment of Award 10 12 (g) Conditions on Delivery of Stock 10 12 (h) Acceleration 11 12 11. Miscellaneous 11 12 (a) No Right To Employment or Other Status 11 12 (b) No Rights As Stockholder 11 PAGE 13 (c) Effective Date and Term of Plan 11 13 (d) Amendment of Plan 11 13 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 13 (f) Compliance with Section 409A of the Code 12 13 (g) Limitations on Liability 12 14 (h) Governing Law 12 iii 2016 14 - ii - 2018 STOCK INCENTIVE PLAN OF IMARA DYNE THERAPEUTICS, INC. 1. Purpose The purpose of this 2016 2018 Stock Incentive Plan (the "Plan") of IMARA Dyne Therapeutics, Inc., a Delaware corporation (the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or and future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8). View More

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 2 4. Stock Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 5. Stock Options 2 (a) General 2 (b) Incentive Stock Options 2 (c) Exercise Price 3 (d) Duration of Options 3 (e) Exercise of Options 3 (f) Payment Upon Exercise 4 6. Stock Appreciation Rights 5 4 (a) General 5 4 (b) Measurement Price 5 (c) Duration of SARs 5 (d) Exercise of SARs 5 7. Restricted Stock; ...Restricted Stock Units 5 (a) General 5 (b) Terms and Conditions for All Restricted Stock Awards 5 (c) Additional Provisions Relating to Restricted Stock 5 (d) Additional Provisions Relating to Restricted Stock Units 6 8. Other Stock-Based Awards 6 (a) General 6 (b) Terms and Conditions 6 9. Adjustments for Changes in Common Stock and Certain Other Events 7 (a) Changes in Capitalization 7 (b) Reorganization Events 7 (c) Change in Control Events 9 10. General Provisions Applicable to Awards 9 11 (a) Transferability of Awards 9 11 (b) Documentation 9 11 (c) Board Discretion 9 11 (d) Termination of Status 10 11 (e) Withholding 10 12 (f) Amendment of Award 10 12 (g) Conditions on Delivery of Stock 10 (h) Acceleration 11 13 (h)Acceleration 13 11. Miscellaneous 11 (a) No 13 (a)No Right To Employment or Other Status 11 (b) No 13 (b)No Rights As Stockholder 11 PAGE (c) Effective 13 (c)Effective Date and Term of Plan 11 (d) Amendment 13 (d)Amendment of Plan 11 (e) Authorization 13 (e)Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 (f) Compliance 14 (f)Compliance with Section 409A of the Code 12 (g) Limitations 14 (g)Limitations on Liability 12 (h) Governing 14 (h)Governing Law 12 iii 2016 STOCK INCENTIVE PLAN OF IMARA INC. 15 2017 Stock Incentive Plan of CARMA Therapeutics Inc. 1. Purpose The purpose of this 2016 2017 Stock Incentive Plan (the "Plan") of IMARA CARMA Therapeutics Inc., a Delaware corporation (the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or and future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8). View More

Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 1 2 (c) Delegation to Officers 2 4. Stock Available for Awards 2 (a) Number of Shares 2 (b) Substitute Awards 2 3 5. Stock Options 2 3 (a) General 2 3 (b) Incentive Stock Options 2 3 (c) Exercise Price 3 (d) Duration of Options 3 4 (e) Exercise of Options 3 4 (f) Payment Upon Exercise 4 6. Stock Appreciation Rights 5 (a) General 5 (b) Measurement Price 5 (c) Duration of SARs 5 (d) Exe...rcise of SARs 5 7. Restricted Stock; Restricted Stock Units 5 (a) General 5 (b) Terms and Conditions for All Restricted Stock Awards 5 6 (c) Additional Provisions Relating to Restricted Stock 5 6 (d) Additional Provisions Relating to Restricted Stock Units 6 8. Other Stock-Based Awards 6 7 (a) General 6 7 (b) Terms and Conditions 6 7 9. Adjustments for Changes in Common Stock and Certain Other Events 7 (a) Changes in Capitalization 7 (b) Reorganization Events 7 8 10. General Provisions Applicable to Awards 9 (a) Transferability of Awards 9 (b) Documentation 9 10 (c) Board Discretion 9 10 (d) Termination of Status 10 (e) Withholding 10 (f) Amendment of Award 10 11 (g) Conditions on Delivery of Stock 10 11 (h) Acceleration 11 11. Miscellaneous 11 12 (a) No Right To Employment or Other Status 11 12 (b) No Rights As Stockholder 11 PAGE 12 (c) Effective Date and Term of Plan 11 12 (d) Amendment of Plan 11 12 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 11 12 (f) Compliance with Section 409A of the Code 12 (g) Limitations on Liability 12 13 (h) Governing Law 12 iii 13 - ii - 2016 STOCK INCENTIVE PLAN OF IMARA AILERON THERAPEUTICS, INC. 1. Purpose The purpose of this 2016 Stock Incentive Plan (the "Plan") of IMARA Aileron Therapeutics, Inc., a Delaware corporation (the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company's stockholders. Except where the context otherwise requires, the term "Company" shall include any of the Company's present or and future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the "Code") and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the "Board"); provided, however, that such other business ventures shall be limited to entities that, where required by Section 409A of the Code, are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), or applicable successor regulation). Each person who is granted an Award under the Plan is deemed a "Participant." "Award" means Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8). View More