Purpose Clause Example with 12 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. (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock bonuses an...d (iv) rights to acquire restricted stock. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in Turning Point Therapeutics, Inc. contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. (a) Eligible Stock Award Recipients. The persons Persons eligible to receive Stock Awards are the Employees, Employees and Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards Employees and Directors may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Awards of the following Stock Awards: (i) Incentive Stock Options,... (ii) Nonstatutory Stock Options, (iii) stock bonuses and (iv) rights to acquire restricted stock. Company's equity interest in Black Ridge Acquisition Corp. (BRAC). (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons Persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons Persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in Black Ridge Oil & Gas, Inc. contract
Purpose. (a) Eligible Stock Award Option Recipients. The persons eligible to receive Stock Awards Options are the Employees, Directors Directors, Advisory Board members, and Consultants of the Company and its Affiliates. (b) Available Stock Awards. Options. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards Options may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: Options: (i) Ince...ntive Stock Options, Options and (ii) Nonstatutory Stock Options, (iii) stock bonuses Options. Incentive Stock Options may be granted only to eligible Employees. Nonstatutory Stock Options may be granted to eligible Employees, Directors, Advisory Board members, and (iv) rights to acquire restricted stock. Consultants. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, Options, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in eASIC Corp contract
Purpose. (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock or from Company performance through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Opt...ions, (iii) stock bonuses and (iv) rights to acquire restricted stock. Awards. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in F5 Networks contract
Purpose. (a) Background. The Company originally established this Plan effective as of March 4, 2009 (the "Effective Date"). The Company hereby adopts this amended and restated Plan effective as of May 22, 2014 (the "Restatement Date"). (b) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors Directors, Officers and Consultants of the Company and its Affiliates. (b) (c) Available Stock Awards. The purpose of the Plan is to provide a means by which elig...ible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: following: (i) Incentive Stock Options, (ii) Nonstatutory Nonqualified Stock Options, (iii) restricted Common Stock, (iv) unrestricted Common Stock, (v) stock bonuses appreciation rights, (vi) restricted stock units, and (iv) rights to acquire restricted stock. (c) (vii) other stock awards. (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in Golden Minerals Co contract
Purpose. 1 2. Definitions. 1 3. Administration. 4 4. Shares Subject to the Plan. 5 5. Eligibility. 5 6. Option Provisions. 6 7. RESTRICTED STOCK AWARDS. 9 8. Covenants of the Company. 9 9. Use of Proceeds from Stock. 10 10. Miscellaneous. 10 11. Adjustments upon Changes in Stock . 12 12. Amendment of the Plan and Stock Awards. 13 13. Termination or Suspension of the Plan. 13 14. Choice of Law. 14 bioAffinity Technologies, Inc. 2014 Equity Incentive Plan 1. Purposes. (a) Eligible Stock Award Recipients. T...he persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, and (iii) restricted stock bonuses and (iv) rights to acquire restricted stock. awards. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in bioAffinity Technologies, Inc. contract
Purpose. 1 2. DEFINITIONS. 1 3. ADMINISTRATION. 3 4. SHARES SUBJECT TO THE PLAN. 4 5. ELIGIBILITY. 4 6. OPTION PROVISIONS. 5 7. PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS. 7 8. COVENANTS OF THE COMPANY. 8 9. USE OF PROCEEDS FROM STOCK. 9 10. EFFECTIVE DATE OF PLAN. 9 11. MISCELLANEOUS. 9 12. ADJUSTMENTS UPON CHANGES IN STOCK. 11 13. AMENDMENT OF THE PLAN AND STOCK AWARDS. 11 14. TERMINATION OR SUSPENSION OF THE PLAN. 12 15. CHOICE OF LAW. 12 16. SPECIAL PROVISIONS RELATING TO CALIFORNIA RESIDENTS. 12 ...REDFIN CORPORATION AMENDED AND RESTATED 2004 EQUITY INCENTIVE PLAN 1. PURPOSES. (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock bonuses bonuses, and (iv) rights to acquire restricted stock. stock awards. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in Redfin Corp contract
Purpose. (a) Eligible Stock Award Recipients. ELIGIBLE STOCK AWARD RECIPIENTS. The persons eligible to receive Stock Awards are the Employees, Non-Employee Directors and Consultants of the Company and its Affiliates. Company. (b) Available Stock Awards. AVAILABLE STOCK AWARDS. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards Non-Employee Directors may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the follow...ing Stock Awards: (i) Incentive Nonstatutory Stock Options, (ii) Nonstatutory Restricted Stock Options, Awards and (iii) stock bonuses and (iv) rights to acquire restricted stock. Restricted Stock Unit Awards. (c) General Purpose. GENERAL PURPOSE. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, its Non-Employee Directors, to secure and retain the services of new members of this group Non-Employee Directors and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in LEXICON PHARMACEUTICALS, INC. contract
Purpose. (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards awards hereunder are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Option Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: of: (i) Incentive Stock Options, Options and (ii) Nonstatuto...ry Stock Options, (iii) stock bonuses and (iv) rights to acquire restricted stock. Options. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Option Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in DarioHealth Corp. contract
Purpose. (a) Eligible Stock Award Recipients. The persons generally eligible to receive Stock Awards are the Employees, Directors and Consultants (subject to the specific requirements applicable to individual Stock Awards under Section 5, herein) of the Company and its Affiliates. Affiliates (provided that, for purposes of determining eligibility to receive Stock Awards, if a more restrictive definition of the term "Affiliate" is required by any particular jurisdiction in which a Stock Award is granted t...han "Affiliate" is defined herein, the restrictive definition shall apply). (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock bonuses bonuses, (iv) stock purchases, (v) stock units, (vii) stock appreciation rights, and (iv) rights to acquire restricted stock. (viii) other stock-based awards. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Found in Vroom, Inc. contract
Purpose. (a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. (b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an have the opportunity to benefit from increases in value of the Company's Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (ii...i) stock appreciation rights, (iv) stock bonuses and (iv) stock units, (v) rights to acquire restricted stock. shares of stock and restricted stock units, and (vi) convertible warrants. (c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure attract and retain the services of new members of this group and eligible persons, to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. Affiliates, and to align the interests of such persons and those of the Company's stockholders. View More
Found in NEWLINK GENETICS CORP contract