Purpose Clause Example from Business Contracts

This example Purpose clause appears in 7 contracts from 7 companies

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 Code Section 423 (the "423 Component") and a component that is not intended to qualify as an "employee stock purchase plan" under Code Section 423 (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 Code Section 423. 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 Code Section 423; an option granted under the Non-423 Component will 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. Except as otherwise provided herein or by the Administrator, the Non-423 Component will operate and be administered in the same manner as the 423 Component. View More
Found in NavSight Holdings, Inc. contract
Tenaya Therapeutics, Inc. Contracts

2021 Employee Stock Purchase Plan and forms of agreements thereunder, to be in effect upon the completion of this offering (Filed With SEC on July 26, 2021)

ForgeRock, Inc. Contracts

ForgeRock, Inc. 2021 Employee Stock Purchase Plan and related form agreements (Filed With SEC on September 7, 2021)

NavSight Holdings, Inc. Contracts

Spire Global, Inc. 2021 Employee Stock Purchase Plan (Filed With SEC on September 23, 2021)

Ventyx Biosciences, Inc. Contracts

2021 Employee Stock Purchase Plan, to be in effect upon the completion of this offering (Filed With SEC on October 15, 2021)

Informatica Inc. Contracts

Informatica Inc. 2021 Employee Stock Purchase Plan and related form agreements (Filed With SEC on October 18, 2021)

HashiCorp, Inc. Contracts

2021 Employee Stock Purchase Plan, to be in effect upon completion of this offering (Filed With SEC on November 4, 2021)

Tailwind Acquisition Corp. Contracts

Nuburu, Inc. 2022 Employee Stock Purchase Plan and forms of agreements thereunder (Filed With SEC on February 6, 2023)