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, Desert Peak Minerals Inc. 2021 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Desert Peak Minerals 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 Co...mpany 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. View More
Found in Desert Peak Minerals Inc. contract
Purpose. The purpose of the Cactus, Nerdy Inc. Long Term 2021 Equity Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Nerdy 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 the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its t...he 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 TPG Pace Tech Opportunities Corp. contract
Purpose. The purpose of the Cactus, Inc. Fortis Minerals, LLC Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., Fortis Minerals, LLC, a Delaware corporation limited liability company (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 an...d management 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 equity 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, Shares, Restricted Stock Share Units, Stock Share Awards, Dividend Equivalents, Other Stock-Based Share-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 Fortis Minerals, LLC contract
Purpose. The purpose of the Cactus, Quintana Energy Services Inc. 2018 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Quintana Energy Services 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 o...f 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, Awards or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in Quintana Energy Services Inc. contract
Purpose. The purpose of the Cactus, SailPoint Technologies Holdings, Inc. 2017 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, SailPoint Technologies Holdings, 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 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 Sailpoint Technologies Holdings, Inc. contract
Purpose. The purpose of the Cactus, Inc. Sitio Royalties Corp. Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., Sitio Royalties Corp., 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 Comp...any 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. View More
Found in Falcon Minerals Corp contract
Purpose. The purpose of the Cactus, Brigham Minerals, Inc. 2019 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Brigham Minerals, 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 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. View More
Found in Brigham Minerals, Inc. contract
Purpose. The purpose of the Cactus, Riley Exploration Permian, Inc. 2019 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Riley Exploration Permian, 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 manageme...nt 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 and/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 and/or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in Riley Exploration - Permian, LLC contract
Purpose. The purpose of the Cactus, Riley Exploration Permian, Inc. 2018 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Riley Exploration Permian, 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 manageme...nt 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 and/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 and/or any combination of the foregoing, as determined by the Committee in its sole discretion. View More
Found in Riley Exploration - Permian, LLC contract
Purpose. The purpose of the Cactus, Inc. Antero Midstream Corporation Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., Antero Midstream Corporation, a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, other service providers, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful ad...ministration and management 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 Antero Midstream Corp contract