Purpose Clause Example with 29 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 Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code.
Found in Copart Inc contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consist...ent with the requirements of that section of the Code. However, the Company may grant options pursuant to one or more offerings under the Plan that are not intended to meet the requirements of Code Section 423. The Plan was adopted by the Board on [·], 2019, subject to stockholder approval at the 2019 Annual Stockholders Meeting. The Plan shall become effective with the Offering Period commencing on October 16, 2019. View More
Found in SmileDirectClub, Inc. contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consist...ent with the requirements of that section of the Code. However, the Company may grant options pursuant to one or more offerings under the Plan that are not intended to meet the requirements of Code Section 423. The Plan was adopted by the Board on November 18, 2020, and approved by the Company's stockholders on [•]. The Plan shall become effective on [•]. View More
Found in Affirm Holdings, Inc. contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock Shares of the Company through accumulated Contributions. It Company. The Plan is the intention of the Company intended to have the Plan qualify as an "Employee Stock Purchase Plan" "employee stock purchase plan" under Section 423 of the Code. The provisions of Code, and the Plan, accordingly, Plan shall be construed so as to extend and limit participation in... on a manner uniform and nondiscriminatory basis consistent with the requirements of that section Section 423 of the Code. View More
Found in Physicians Realty Trust contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consist...ent with the requirements of that section of the Code. However, the Company may grant options pursuant to one or more offerings under the Plan that are not intended to meet the requirements of Code Section 423. The Plan was adopted by the Board and approved by the Company's stockholders on [·], 2019. The Plan shall become effective on the date of the Company's IPO. View More
Found in SmileDirectClub, Inc. contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries Employees with an opportunity to purchase Common Stock of the Company through accumulated Contributions. Contributions (as defined in Section 2(i) below). It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" "employee stock purchase plan" under Section 423 of the Code. The provisions of the Plan, accordingly, shall will be construed so as to extend and limit ...Plan participation in a manner uniform and nondiscriminatory basis consistent with the requirements of that section Section 423 of the Code. View More
Found in 3 Contracts from Rambus Inc.
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries Companies with an opportunity to purchase Common Stock of the Company through accumulated Contributions. It is the intention of the The Company to have intends for the Plan to qualify as an "Employee Stock Purchase Plan" "employee stock purchase plan" under Section 423 of the Code. The Code and the provisions of the Plan, accordingly, shall Plan will be construed so as to extend and limit Plan particip...ation in a manner uniform and nondiscriminatory basis consistent with the requirements of that section Section 423 of the Code. View More
Found in Lazydays Holdings, Inc. contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. It Contributions (as defined in Section 2(j) below). The Company's intention is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" "employee stock purchase plan" under Section 423 of the Code. The provisions of the Plan, accordingly, shall will be construed so as to ext...end and limit Plan participation in a manner uniform and nondiscriminatory basis consistent with the requirements of that section Section 423 of the Code. View More
Found in WageWorks, Inc. contract
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. It payroll deductions. The Plan is the intention of the Company intended to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. Internal Revenue Code of 1986. The provisions of the Plan, Plan shall, accordingly, shall be construed so as to extend and limit participation i...n a manner consistent with the requirements of that section of the Code. View More
Found in OSI Systems, Inc. contract
Purpose. The purpose of the this Employee Stock Purchase Plan (the "Plan") of Driven Brands Holdings, Inc., a Delaware corporation (the "Company"), is to provide employees eligible Employees of the Company and its Designated Subsidiaries with an a convenient opportunity to purchase Common Stock of the Company through accumulated Contributions. Company. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code. The provisions of the Plan..., Plan shall, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. View More
Found in 2 Contracts from Driven Brands Holdings Inc.
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated Contributions. It payroll deductions. The Company's intention is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" "employee stock purchase plan" under Section 423 of the Code. The provisions of the Plan, accordingly, shall will be construed so as to extend and limit Plan participati...on in a manner uniform and nondiscriminatory basis consistent with the requirements of that section Section 423 of the Code. View More
Found in 2 Contracts from 2 Companies