Purpose Clause Example from Business Contracts

Purpose. The purpose of this Employee Stock Purchase Plan (the "Plan") of Driven Brands Holdings, Inc., a Delaware corporation (the "Company"), is to provide eligible Employees of the Company and its Designated Subsidiaries with a convenient 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 Code. 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. View More