Purpose Clause Example with 11 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. The purpose of this 2003 Stock Incentive Plan (the "Plan") of Factor Systems, Inc., a Delaware corporation dba Billtrust (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 make (or are expected to make) important contributions to the Company by providing such persons with equity ownership opportunities and performance-based incentives and thereby better aligning the interests of such persons wi...th those of the Company's stockholders. 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 promulgated 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"). View More
Found in South Mountain Merger Corp. contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. The purpose of this 2003 2019 Stock Incentive Plan (the "Plan") of Factor Systems, Rent the Runway, Inc., a Delaware corporation dba Billtrust (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 make (or are expected to make) make important contributions to the Company and by providing such persons with equity ownership opportunities and performance-based incentives and thereby that are intended... to better aligning 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 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 promulgated 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"). View More
Found in Rent the Runway, Inc. contract