Purpose Clause Example with 4 Variations from Business Contracts

This page contains Purpose clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purpose. (a) The purpose of the Employee Stock Purchase Plan (the "Plan") is to provide a means by which employees of Cerus Corporation, a California corporation (the "Company"), and its Affiliates, as defined in subparagraph 1(b), which are designated as provided in subparagraph 2(b), may be given an opportunity to purchase stock of the Company. (b) The word "Affiliate" as used in the Plan means any parent corporation or subsidiary corporation of the Company, as those terms are defined in Sections 424(e...) and (f), respectively, of the Internal Revenue Code of 1986, as amended (the "Code"). (c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. (d) The Company intends that the rights to purchase stock of the Company granted under the Plan be considered options issued under an "employee stock purchase plan" as that term is defined in Section 423(b) of the Code. View More
Found in CERUS CORP contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. (a) The purpose of the this Amended and Restated 2000 Employee Stock Purchase Plan (the "Plan") is to provide a means by which employees of Cerus Corporation, a California corporation Ionis Pharmaceuticals, Inc. (the "Company"), "Company") and its Affiliates, as defined in subparagraph Subsection 1(b), which are designated as provided in subparagraph Subsection 2(b), may be given an opportunity to purchase common stock of the Company. Company (the "Common Stock"). Effective March 22, 2019 (the "...A&R Effective Date") this Plan supersedes and replaces the 2000 Employee Stock Purchase Plan adopted by the Company's stockholders on June 2, 2009, as amended. (b) The word "Affiliate" as used in the Plan means any parent corporation or subsidiary corporation of the Company, as those terms are defined in Sections 424(e) and (f), respectively, of the Internal Revenue Code of 1986, as amended (the "Code"). (c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. (d) The Company intends that the rights to purchase stock of the Company granted under the Plan be considered options issued under an "employee stock purchase plan" as that term is defined in Section 423(b) of the Code. View More
Found in IONIS PHARMACEUTICALS INC contract
Purpose. (a) The purpose of the this MacroGenics, Inc. 2013 Employee Stock Purchase Plan (the "Plan") is to provide a means by which employees of Cerus Corporation, a California corporation MacroGenics, Inc. (the "Company"), "Company") and its Affiliates, as defined in subparagraph 1(b), which that are designated as provided in subparagraph 2(b), may be given an opportunity to purchase common stock of the Company. Company (the "Common Stock"). (b) The word "Affiliate" as used in the Plan means any presen...t or future parent corporation or subsidiary corporation of the Company, as those terms are defined in Sections 424(e) and (f), respectively, (but substituting "the Company" for "employer corporation") of the Internal Revenue Code of 1986, as amended (the "Code"). (c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. (d) The Company intends that the rights to purchase stock of the Company Common Stock granted under the Plan ("Option Rights") be considered options issued under an "employee stock purchase plan" as that term is defined in Section 423(b) of the Code. The Plan shall be administered and interpreted in a manner consistent with the requirements of Section 423 of the Code and the regulations thereunder. View More
Found in MACROGENICS INC contract
Purpose. (a) The purpose of the this 2014 Employee Stock Purchase Plan (the "Plan") is to provide a means by which employees of Cerus Corporation, a California corporation TriVascular Technologies, Inc. (the "Company"), "Company") and its Affiliates, as defined in subparagraph 1(b), which that are designated as provided in subparagraph 2(b), may be given an opportunity to purchase common stock of the Company. Company (the "Common Stock"). (b) The word "Affiliate" as used in the Plan means any parent corp...oration or subsidiary corporation of the Company, as those terms are defined in Sections 424(e) and (f), respectively, of the Internal Revenue Code of 1986, as amended (the "Code"). (c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. (d) The Company intends that the rights to purchase stock of the Company (each, a "Purchase Right" and, collectively, "Purchase Rights") granted under the Plan be considered options issued under an "employee stock purchase plan" as that term is defined in Section 423(b) of the Code. View More
Found in TriVascular Technologies, Inc. contract
Purpose. (a) The purpose of the Employee Stock Purchase Plan (the "Plan") is to provide a means by which employees of Cerus Corporation, Onyx Pharmaceuticals, Inc., a California Delaware corporation (the "Company"), and its Affiliates, as defined in subparagraph 1(b), which are designated as provided in subparagraph 2(b), may be given an opportunity to purchase stock of the Company. (b) The word "Affiliate" as used in the Plan means any parent corporation "parent corporation" or subsidiary corporation "s...ubsidiary corporation" of the Company, as those terms are defined in Sections 424(e) and (f), respectively, of the Internal Revenue Code of 1986, as amended (the "Code"). (c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. (d) The Company intends that the rights to purchase stock of the Company granted under the Plan be considered options issued under an "employee stock purchase plan" as that term is defined in Section 423(b) of the Code. View More
Found in ONYX PHARMACEUTICALS INC contract