Purpose Clause Example from Business Contracts

Purpose. The purpose of this LEGACY HOUSING CORPORATION 2018 INCENTIVE COMPENSATION PLAN (the "Plan") is to assist Legacy Housing Corporation, a Delaware corporation (the "Company") and its Related Entities (as hereinafter defined) in attracting, motivating, retaining and rewarding high-quality executives and other employees, officers, directors, consultants and other 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 in order to strengthen the mutuality of interests between such persons and the Company's shareholders, and providing such persons with performance incentives to expend their maximum efforts in the creation of shareholder value. View More