Purpose Clause Example with 28 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 Plan is to provide employees of the Company and its Designated Companies with an opportunity to purchase Common Stock through accumulated Contributions. The Company intends for the Plan to have two components: a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") and a component that is not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). ...The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares of Common Stock under the Non-423 Component will be granted pursuant to rules, procedures, or sub-plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component.View More
Variations of a "Purpose" Clause from Business Contracts
Purpose. The purpose of the Cambium Networks Corporation Employee Share Purchase Plan (this "Plan") is to provide employees Eligible Employees with a convenient means of acquiring an equity interest in the Company through payroll deductions or other contributions in order to enhance such employees' sense of participation in the affairs of the Company and its Designated Companies with an opportunity Company. This Plan shall apply to purchase Common Stock through accumulated Contributions. The Company inte...nds for Offering Periods beginning on or after the effective date of the initial public offering of the Company's Ordinary Shares (the "IPO"), as determined by the Administrator (as defined below). This Plan to have includes two components: (a) a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") Component"), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code; and (b) a component that is does not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares of Common Stock Component"), under the Non-423 Component will which options shall be granted pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator designed to achieve tax, securities laws, laws or other objectives for Eligible Employees Employees, the Company and the Company. its Participating Subsidiaries and Participating Affiliates. Except as otherwise provided herein, in this Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. A total of 550,000 Ordinary Shares are initially reserved for issuance under this Plan. Beginning in 2020, such number is subject to an annual increase on the first day of each fiscal year equal to the lesser of: (i) 275,000 Ordinary Shares; (ii) one percent of the outstanding Ordinary Shares as of the last day of the immediately preceding fiscal year; and (iii) such other amount as the Administrator may determine. The number of shares reserved for issuance under this Plan shall also be subject to adjustments effected in accordance with Section 13 of this Plan. View More
Purpose. The purpose of the Mavenir plc Employee Share Purchase Plan (this "Plan") is to provide employees eligible Employees with a convenient means of acquiring an equity interest in the Company through payroll deductions or other contributions in order to enhance such employees' sense of participation in the affairs of the Company and its Designated Companies with an opportunity Company. This Plan shall apply to purchase Common Stock through accumulated Contributions. The Company intends for Offering ...Periods beginning on or after the effective date of the initial public offering of the Shares, as determined by the Committee (as defined below). This Plan to have includes two components: (a) a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") Component"), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code; and (b) a component that is does not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares of Common Stock Component"), under the Non-423 Component will which options shall be granted pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Committee. Except as otherwise provided herein, in this Plan or determined by the Committee in a manner consistent with this Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. Eligibility 1 3. Offering Periods 2 4. Participation 2 5. Contributions 2 6. Grant of Option 4 7. Exercise of Option 4 8. Delivery 5 9. Withdrawal 5 10. Termination of Employment 6 11. Interest 6 12. Stock 6 13. Administration 7 14. Designation of Beneficiary 7 15. Transferability 8 16. Use of Funds 8 17. Reports 8 18. Adjustments, Dissolution, Liquidation, Merger or Change in Control 8 19. Amendment or Termination 9 20. Notices 10 21. Conditions Upon Issuance of Shares 10 22. Code Section 409A ...11 23. Term of Plan 11 24. Stockholder Approval 11 25. Governing Law 11 26. No Right to Employment 11 27. Severability 12 28. Compliance with Applicable Laws 12 29. Definitions 12 1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Companies with an opportunity to purchase Common Stock through accumulated Contributions. The Company intends for the Plan to have two components: a component that Code Section 423 Component ("423 Component") and a non-Code Section 423 Component ("Non-423 Component"). The Company's intention is intended to have 423 Component of the Plan qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") and a component that is not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). Code. The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An In addition, this Plan authorizes the grant of an option to purchase shares of Common Stock under the Non-423 Component that does not qualify as an "employee stock purchase plan" under Section 423 of the Code; such an option will be granted pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator designed to achieve tax, foreign exchange or securities laws, laws or other objectives for Eligible Employees and the Company. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. The purpose of the Plan is to provide employees eligible Employees with a means of acquiring an equity interest in the Company through payroll deductions or other contributions to enhance such Employees' sense of participation in the affairs of the Company and its Designated Companies with an opportunity Company. This Plan shall apply to purchase Common Stock through accumulated Contributions. The Company intends for Offering Periods beginning on or after the effective date of the initial public... offering of the Shares, as determined by the Committee. This Plan to have includes two components: (a) a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") Component"), the provisions of which shall be construed consistent with the requirements of Section 423 of the Code; and (b) a component that is does not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). The provisions of the 423 Component, accordingly, will Options shall be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis granted under both components, consistent with the requirements of Section 423 terms of the Code. An option to purchase shares of Common Stock under the Non-423 Component will be granted Plan, pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Committee. Except as otherwise provided herein, in this Plan or determined by the Committee in a manner consistent with this Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. The purpose of the Outset Medical, Inc. Employee Share Purchase Plan (this "Plan") is to provide employees eligible Employees of the Company and its Designated Companies Participating Subsidiaries with a convenient means of acquiring an opportunity equity interest in the Company through payroll deductions or other contributions in order to purchase Common Stock through accumulated Contributions. The Company intends for enhance such employees' sense of participation in the affairs of the Company.... This Plan shall apply to have Offering Periods beginning on or after the effective date of the initial public offering of the Shares, as determined by the Committee (as defined below). This Plan includes two components: (a) a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") Component"), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code; and (b) a component that is does not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares of Common Stock Component"), under the Non-423 Component will which options shall be granted pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator Committee designed to achieve tax, securities laws, laws or other objectives for Eligible Employees eligible Employees, the Company and the Company. its Participating Subsidiaries. Except as otherwise provided herein, in this Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. The purpose of the Outset Medical, Inc. Employee Stock Purchase Plan (this "Plan") is to provide employees eligible Employees of the Company and its Designated Companies Participating Subsidiaries with a convenient means of acquiring an opportunity equity interest in the Company through payroll deductions and other contributions in order to purchase Common Stock through accumulated Contributions. The Company intends for enhance such employees' sense of participation in the affairs of the Company.... This Plan is amended and restated as set forth herein and such amendment and restatement shall apply to have Offering Periods beginning on or after March 1, 2022. This Plan includes two components: (a) a component that is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423 Component") Component"), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code; and (b) a component that is does not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares of Common Stock Component"), under the Non-423 Component will which options shall be granted pursuant to rules, procedures, procedures or sub-plans adopted by the Administrator Committee designed to achieve tax, securities laws, laws or other objectives for Eligible Employees eligible Employees, the Company and the Company. its Participating Subsidiaries. Except as otherwise provided herein, in this Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. The purpose purposes of the Plan is to provide are as follows: (a)To assist employees of the Company and its Designated Companies with an opportunity to purchase Common Stock through accumulated Contributions. Subsidiaries (as defined below) in acquiring a stock ownership interest in the Company. The Company intends for the Plan to have two components: a component that Code Section 423 Component ("423 Component") and a non-Code Section 423 Component ("Non-423 Component"). The Company's intention... is intended to have the 423 Component of the Plan qualify as an "employee stock purchase plan" under within the meaning of Section 423 423(b) of the Internal Revenue Code (the "423 Component") and a component that is not intended to qualify of 1986, as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). amended. The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An In addition, this Plan authorizes the grant of an option to purchase shares of Common Stock under the Non-423 Component that does not qualify as an "employee stock purchase plan" under Section 423 of the Code; an option granted under the Non‐423 Component will be provide for substantially the same benefits as an option granted under the 423 Component, except that a Non‐423 Component option may include features necessary to comply with applicable non‐U.S. laws pursuant to rules, procedures, or sub-plans sub‐plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Administrator. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component. Component.. (b)To help employees provide for their future security and to encourage them to remain in the employment of the Company and its Designated Subsidiaries. View More
Purpose. The purpose purposes of the Plan is to provide are as follows: (a) To assist employees of the Company and its Designated Companies with an opportunity to purchase Common Stock through accumulated Contributions. Subsidiaries (as defined below) in acquiring a stock ownership interest in the Company. The Company intends for the Plan to have two components: a component that Code Section 423 Component ("423 Component") and a non-Code Section 423 Component ("Non-423 Component"). The Company's intentio...n is intended to have the 423 Component of the Plan qualify as an "employee stock purchase plan" under within the meaning of Section 423 423(b) of the Internal Revenue Code (the "423 Component") and a component that is not intended to qualify of 1986, as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). amended. The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An In addition, this Plan authorizes the grant of an option to purchase shares of Common Stock under the Non-423 Component that does not qualify as an "employee stock purchase plan" under Section 423 of the Code; an option granted under the Non-423 Component will be provide for substantially the same benefits as an option granted under the 423 Component, except that a Non-423 Component option may include features necessary to comply with applicable non-U.S. laws pursuant to rules, procedures, or sub-plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Administrator. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component. Component.. (b) To help employees provide for their future security and to encourage them to remain in the employment of the Company and its Designated Subsidiaries. View More
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Companies with an opportunity to purchase Common Stock Ordinary Shares through accumulated Contributions. The Company intends for the Plan to have two components: a component that Code Section 423 Component ("423 Component") and a Non-Code Section 423 Component ("Non-423 Component"). The Company's intention is intended to have the 423 Component of the Plan qualify as an "employee stock purchase plan" under Section ...423 of the Code (the "423 Component") and a component that is not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). Code. The provisions of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An In addition, this Plan authorizes the grant of an option to purchase shares of Common Stock Ordinary Shares under the Non-423 Component that does not qualify as an "employee stock purchase plan" under Section 423 of the Code; an option granted under the Non‐423 Component will be provide for substantially the same benefits as an option granted under the 423 Component, except that a Non‐423 Component option may include features necessary to comply with applicable non‐U.S. tax laws pursuant to rules, procedures, procedures or sub-plans subplans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees and the Company. Administrator. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Companies Subsidiaries and Designated Affiliates with an opportunity to purchase Common Stock through accumulated Contributions. The Company intends for of the Company. This Plan to have includes two components: a component that Code Section 423 Component (the "423 Component") and a non-Code Section 423 Component (the "Non-423 Component"). It is intended the intention of the Company to have the 423 Component qualif...y as an "employee stock purchase plan" "Employee Stock Purchase Plan" under Section 423 of the Code (the "423 Component") and a component that is not intended to qualify as an "employee stock purchase plan" under Section 423 of the Code (the "Non-423 Component"). Code. The provisions of the 423 Component, accordingly, will shall be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. An option to purchase shares In addition, this Plan authorizes the grant of Common Stock options under the Non-423 Component will be granted which do not qualify under Section 423 of the Code pursuant to rules, procedures, procedures or sub-plans subplans adopted by the Administrator designed to achieve tax, securities laws, laws or other objectives for Eligible Employees and the Company. Except as otherwise provided herein, indicated, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
