Purpose Clause Example from Business Contracts

This example Purpose clause appears in 3 contracts from 2 companies

Purpose. The purpose of the SolarMax Technology, Inc. 2016 Equity Incentive Plan is to provide a means through which the Company and its Affiliates may attract and retain key personnel and to provide a means whereby directors, officers, managers, employees, consultants and advisors of the Company and its Affiliates can acquire and maintain an equity interest in the Company, or be paid incentive compensation, which may (but need not) be measured by reference to the value of Common Stock, thereby strengthe...ning their commitment to the welfare of the Company and its Affiliates and aligning their interests with those of the Company's stockholders. View More
SolarMax Technology, Inc. Contracts

2016 Long-term incentive plan. 1 (Filed With SEC on July 19, 2022)

2016 Long-term incentive plan.1 (Filed With SEC on December 24, 2018)