Purpose Clause Example from Business Contracts

Purpose. The purpose of this Summer Infant, Inc. 2012 Incentive Compensation Plan (the "Plan") is to assist Summer Infant, Inc., a Delaware corporation (the "Company") and its Related Entities (as defined in Section 2) in attracting, motivating, retaining and rewarding high-quality executives and other employees, officers, directors, consultants and persons who provide services to the Company or its Related Entities by enabling such persons to acquire or increase a proprietary interest in the Company the...reby strengthening the mutuality of interests between such persons and the Company's stockholders, and by providing such persons with performance incentives to expend their maximum efforts in the creation of stockholder value. View More