Purpose Clause Example from Business Contracts
This example Purpose clause appears in 2 contracts from 2 companies
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. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan shall, accordingly, be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code.
Found in
ENERGY FOCUS, INC contract
ALTABA INC. Contracts
YAHOO! INC. 1996 EMPLOYEE STOCK PURCHASE PLAN (as amended on October 15, 2014) (Filed With SEC on February 27, 2015)
