Purpose Clause Example with 25 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 the Cactus, Inc. Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose presen...t and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in Cactus, Inc. contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. The purpose of the Cactus, Atlas Energy Solutions Inc. Long Term Incentive Plan (the "Plan") is to provide a means through which which: (a) Cactus, Atlas Energy Solutions Inc., a Delaware corporation (the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates the Affiliates; and (b) persons upon whom the responsibilities of the successful administratio...n and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in Atlas Energy Solutions Inc. contract
Purpose. The purpose of the Cactus, REV Renewables Inc. 2022 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, REV Renewables Inc., a Delaware corporation (the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors directors, consultants, and consultants, other individual service providers, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities o...f the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards awards, the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in 2 Contracts from REV Renewables, Inc.
Purpose. The purpose of the Cactus, Inc. WildHorse Resource Development Corporation 2016 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., WildHorse Resource Development Corporation, a Delaware corporation (the "Company"), and its Affiliates may attract, attract and retain and motivate qualified able persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibili...ties of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the welfare of the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the welfare of the Company and its Affiliates. Accordingly, the Plan provides for the grant of Incentive Stock Options, SARs, Nonstatutory Options, Stock Appreciation Rights, Restricted Stock, Stock Awards, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. foregoing. View More
Found in Brazos Valley Longhorn, L.L.C. contract
Purpose. The purpose of the Cactus, Inc. ProFrac Holding Corp. 2022 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Inc., ProFrac Holding Corp., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons ...upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in ProFrac Holding Corp. contract
Purpose. The purpose of the Cactus, Inc. ProFrac Holding Corp. 2021 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Inc., ProFrac Holding Corp., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons ...upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in ProFrac Holding Corp. contract
Purpose. The purpose of the Cactus, Jagged Peak Energy Inc. 2017 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Jagged Peak Energy Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, attract and retain and motivate qualified able persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and managem...ent of the Company and its Affiliates rest, and whose present and potential contributions to the welfare of the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the welfare of the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. foregoing. View More
Found in Jagged Peak Energy Inc. contract
Purpose. The purpose of the Cactus, Talos Energy Inc. 2021 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Talos Energy Inc., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the respo...nsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in TALOS ENERGY INC. contract
Purpose. The purpose of the Cactus, Centennial Resource Development, Inc. 2016 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Centennial Resource Development, Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, attract and retain and motivate qualified able persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successfu...l administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the welfare of the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the welfare of the Company and its Affiliates. Accordingly, the Plan provides for the grant of Incentive Stock Options, SARs, Nonstatutory Options, Stock Appreciation Rights, Restricted Stock, Stock Awards, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. foregoing. View More
Found in Centennial Resource Development, Inc. contract
Purpose. The purpose of the Cactus, Inc. ProPetro Holding Corp. 2020 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., ProPetro Holding Corp., a Delaware corporation (the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and managem...ent of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in ProPetro Holding Corp. contract
Purpose. The purpose of the Cactus, HighPeak Energy, Inc. Second Amended & Restated Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, HighPeak Energy, Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and managem...ent of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in HighPeak Energy, Inc. contract