This example Purpose clause appears in
2 contracts
from
1 company
Purpose. Eligibility 1 3. Administration and Delegation 1 (a) Administration by the Board 1 (b) Appointment of Committees 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 3 (c) Exercise Price 3 (d) Duration of Options 4 (e) Exercise of Options 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; Restri...cted Stock Units 5 (a) General 5 (b) Terms and Conditions for All Restricted Stock Awards 6 (c) Additional Provisions Relating to Restricted Stock 6 (d) Additional Provisions Relating to Restricted Stock Units 6 8. Other Stock-Based Awards 7 (a) General 7 (b) Terms and Conditions 7 9. Adjustments for Changes in Common Stock and Certain Other Events 7 (a) Changes in Capitalization 7 (b) Reorganization Events 8 10. General Provisions Applicable to Awards 10 (a) Transferability of Awards 10 (b) Documentation 11 (c) Board Discretion 11 (d) Termination of Status 11 (e) Withholding 11 (f) Amendment of Award 12 (g) Conditions on Delivery of Stock 12 (h) Acceleration 12 11. Miscellaneous 12 (a) No Right To Employment or Other Status 12 (b) No Rights As Stockholder 13 (c) Effective Date and Term of Plan 13 (d) Amendment of Plan 13 (e) Authorization of Sub-Plans (including Grants to non-U.S. Employees) 13 (f) Compliance with Section 409A of the Code 13 (g) Limitations on Liability 14 (h) Governing Law 14 - ii - 2018 STOCK INCENTIVE PLAN OF DYNE THERAPEUTICS, INC. 1. Purpose The purpose of this 2018 Stock Incentive Plan (the "Plan") of 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 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
