Purpose Contract Clauses (8,730)
Grouped Into 125 Collections of Similar Clauses From Business Contracts
This page contains Purpose clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Purpose. The Company recognizes the important goal of retaining Executive as an employee of the Company, and, in furtherance of that goal, the Company wishes to provide financial incentives for Executive to remain an employee for the period of time specified in this Agreement and to continue to perform in a highly effective manner and contribute to the success of the Company and its affiliates. Except to the extent otherwise defined herein, capitalized terms used in this Agreement shall have the meaning
... given them on Exhibit A attached hereto.
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Purpose. The Company recognizes the important goal of retaining Executive as an employee of the Company, and, in furtherance of that goal, the Company wishes to provide financial incentives for Executive to remain an employee for the period of time specified in this Agreement and to continue to perform in a highly effective manner and contribute to the success of the Company and its affiliates. Except to the extent otherwise defined herein, capitalized terms used in this Agreement shall have the meaning
... given them on Exhibit A attached hereto. in that certain employment agreement between Executive and the Company, dated , and as in effect as of the date hereof, regardless of whether modified or terminated in the future (the "Employment Agreement").
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Purpose. The Dine Brands Global, Inc. Executive Severance and Change in Control Policy (the "Policy") is amended and restated effective January 1, 2019 ("Effective Date") to provide severance benefits under specified circumstances to Participants (as defined below) of Dine Brands Global, Inc. or its wholly-owned subsidiaries (collectively the "Corporation") who are in a position to contribute materially to the success of the Corporation. As consideration for severance benefits under this Policy, the
... Participant shall release the Corporation from any and all actions, suits, proceedings, claims and demands related to employment with the Corporation and to the termination by signing a waiver and release document in a form provided by the Corporation. Such document shall include a statement that benefits under this Policy are conditioned upon the Corporation's receipt of a signed release.
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Purpose. The Dine Brands Global, Inc. Executive Severance and Change in Control
Policy Plan, as set forth herein or as hereafter amended from time to time (the
"Policy") "Plan"), is
amended and restated effective
as of January 1,
2019 2022 ("Effective
Date") Date"). The purpose of the Plan is to provide severance benefits under specified circumstances to
Participants (as defined below) eligible employees of Dine Brands Global, Inc. or its wholly-owned subsidiaries (collectively the "Corporation") who
... are in a position to contribute materially to the success of the Corporation. As consideration for severance benefits under this Policy, Plan, the Participant (as defined below) shall release the Corporation from any and all actions, suits, proceedings, claims and demands related to employment with the Corporation and to the termination of such employment by signing a waiver and release document in a form provided by the Corporation. Such document shall include a statement that benefits under this Policy Plan are conditioned upon the Corporation's receipt of a signed release. This Plan supersedes and replaces in its entirety the Dine Brands Global, Inc. Amended and Restated Executive Severance and Change in Control Policy, which shall terminate immediately prior to the Effective Date.
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Purpose. The Plan is designed to attract and retain the best available persons for service with the Company and its Subsidiaries (as defined below), to encourage the sense of proprietorship of such persons and to stimulate the active interest of such persons in the development and financial success of the Company and its Subsidiaries. These objectives are to be accomplished by making Awards under the Plan and thereby providing such persons with a proprietary interest in the growth and performance of the
... Company and its Subsidiaries. The Plan is composed of two parts, which are to be treated as separate sub-plans. Part A sets out the terms and conditions of the sub-plan that shall be an employees' share scheme for the purposes of Section 1166 of the UK Companies Act 2006. The terms and conditions of Part A are incorporated by reference in Part B, and apply to Part B except as expressly modified therein. The limitations on Awards in Paragraph 5 shall apply to the aggregate number of Awards made under the Plan. Part B constitutes a sub-plan for the provision of Awards to Employees (as defined below) who would be eligible under Part A if the proviso at the end of the definition of "Subsidiary" for purposes of Part A was inapplicable. Part B is not intended to constitute an employees' share scheme for the purposes of Section 1166 of the UK Companies Act 2006.
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Purpose. The Plan is designed to
attract align the interests of eligible participants with those of the Company's shareholders by providing long-term incentive compensation opportunities tied to the performance of the Company and
retain the best available persons for service with its Shares. The Plan is intended to assist the Company and its Subsidiaries
(as defined below), to encourage with attracting, retaining and motivating key personnel by rewarding them for the
sense of proprietorship of such... persons and to stimulate the active interest of such persons in the development and financial overall success of the Company and its Subsidiaries. These objectives are to be accomplished by making Awards under the Plan and thereby providing such persons with a proprietary interest in the growth and performance of the Company and its Subsidiaries. The Plan is composed of two parts, which are to be treated as separate sub-plans. Part A sets out the terms and conditions of the sub-plan that shall be an employees' share scheme for the purposes of Section 1166 of the UK Companies Act 2006. The terms and conditions of Part A are incorporated by reference in Part B, and apply to Part B except as expressly modified therein. The limitations on Awards in Paragraph 5 shall apply to the aggregate number of Awards made under the Plan. Part B constitutes a sub-plan for the provision of Awards to Employees (as defined below) who would be eligible under Part A if the proviso at the end of the definition of "Subsidiary" for purposes of Part A was inapplicable. Part B is not intended to constitute an employees' share scheme for the purposes of Section 1166 of the UK Companies Act 2006.
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Purpose. The purpose of the Plan is to advance the interests of the Company's stockholders by enhancing the Company's ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing such persons with equity ownership opportunities and thereby better aligning the interests of such persons with those of the Company's stockholders. Capitalized terms used in the Plan are defined in Section 11 below.
Purpose. The purpose of the Plan is to advance the interests of the Company's stockholders by enhancing the Company's ability to
encourage ownership of shares by Employees, Directors and Consultants of the Company in order to attract,
retain retain, incentivize and
motivate reward such persons who make (or are expected to make) important contributions to the
Company by providing such persons with equity ownership opportunities Company, and thereby better aligning the interests of such persons with those
... of the Company's stockholders. Capitalized terms used in the Plan are defined in Section 11 2 below.
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Purpose. The Plan's purpose is to enhance the Company's ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing these individuals with equity ownership opportunities. Capitalized terms used in the Plan are defined in Section 11.
Purpose. The Plan's purpose is to enhance the Company's ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing these individuals with equity ownership opportunities.
The Plan amends and restates in its entirety The New Home Company Inc. Amended and Restated 2016 Incentive Award Plan (the "Prior Plan"). Capitalized terms used in the Plan are defined in Section 11.
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Purpose. This Non-Employee Director Compensation Plan (the "Plan") is intended to attract highly-qualified individuals to serve as Non-Employee Directors of HireQuest, Inc. (the "Company") and to provide Non-Employee Directors with incentives and rewards that motivate superior oversight and protection of the Company's business.
Purpose. This Non-Employee Director Compensation Plan (the "Plan") is intended to attract highly-qualified individuals to serve as Non-Employee Directors of
HireQuest, Interval Leisure Group, Inc. (the "Company") and to provide Non-Employee Directors with incentives and rewards that motivate superior oversight and protection of the Company's business.
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Purpose. Definitions 1 3. Administration of the Plan 5 4. Shares Subject to Plan 6 5. Limitation on Awards to Non-Employee Directors 6 6. Specific Terms of Awards 7 7. Certain Provisions Applicable to Awards 11 8. Impact of Termination of Employment Events 12 9. Dissolution or Liquidation; Change in Control 13 10. General Provisions 16 EXHIBIT A A-1 EXHIBIT B B-1 EXHIBIT C C-1 i ASENSUS SURGICAL, INC. AMENDED AND RESTATED INCENTIVE COMPENSATION PLAN 1. Purpose. The purpose of this Amended and Restated
... Incentive Compensation Plan, as amended from time to time (the "Plan"), is to assist Asensus Surgical, Inc., a Delaware corporation (the "Company") and its Subsidiaries (as hereinafter defined) to attract, motivate, retain and reward high-quality executives and other employees, officers, directors, consultants and other persons who provide services to the Company or its Subsidiaries by enabling such persons to acquire or increase an ownership interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders, and providing such persons with incentives to expend their maximum efforts in the creation of stockholder value.
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Purpose. Definitions 1 3. Administration of the Plan 5 4. Shares Subject to Plan 6 5. Limitation on
Number of Shares Subject to Awards to Non-Employee Directors
6 7 6. Specific Terms of Awards 7 7. Certain Provisions Applicable to Awards 11 8. Impact of Termination of Employment Events 12 9. Dissolution or Liquidation; Change in Control 13 10. General Provisions 16 EXHIBIT A A-1 EXHIBIT B B-1
EXHIBIT C C-1 i
ASENSUS SURGICAL, TRANSENTERIX, INC. AMENDED AND RESTATED INCENTIVE COMPENSATION PLAN 1.
... Purpose. The purpose of this Amended and Restated Incentive Compensation Plan, as amended from time to time (the "Plan"), is to assist Asensus Surgical, TransEnterix, Inc., a Delaware corporation (the "Company") and its Subsidiaries (as hereinafter defined) to attract, motivate, retain and reward high-quality executives and other employees, officers, directors, consultants and other persons who provide services to the Company or its Subsidiaries by enabling such persons to acquire or increase an ownership interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders, and providing such persons with incentives to expend their maximum efforts in the creation of stockholder value.
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Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the NRS and engaging in any and all activities necessary or incidental to the foregoing.
Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in
any all lawful
act or activity activities for which limited liability companies may be formed under the
NRS and engaging in any and all activities necessary or incidental to the foregoing. Act.
Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in
any all lawful
act or activity activities for which limited liability companies may be formed under the
NRS and engaging in any and all activities necessary or incidental to the foregoing. Act.
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Purpose. (a) Background. This 2021 Stock Option and Restricted Stock Plan was adopted on August 14, 2021 by the Board of Directors, subject to the approval of the Company's stockholders. Options granted under the Plan prior to the stockholders' approval will be effective upon approval of the stockholders as of their respective dates of grant. (b) Eligible Award Recipients. The persons eligible to receive Awards are all employees (including executive officers) and directors of the Company or any of its
... affiliates, as well as consultants, professionals and service providers who provide services to the Company are eligible to participate in the 2021 Plan. (c) Available Awards. The purpose of the Plan is to provide a means by which eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following: (i) Incentive Stock Options, (ii) Nonqualified Stock Options, and (iii) rights to acquire restricted stock. (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates.
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Purpose. (a) Background. This
2021 2015 Stock Option and Restricted Stock Plan was adopted on
August 14, 2021 March 12, 2015 by the Board of Directors, subject to the approval of the Company's stockholders. Options granted under the Plan prior to the stockholders' approval will be effective
upon approval of the stockholders as of their respective dates of
grant. grant upon approval of the stockholders. (b) Eligible Award Recipients. The persons eligible to receive Awards are
all employees (including... executive officers) the Employees, Directors and directors Consultants of the Company or any of and its affiliates, as well as consultants, professionals and service providers who provide services to the Company are eligible to participate in the 2021 Plan. Affiliates. (c) Available Awards. The purpose of the Plan is to provide a means by which eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following: (i) Incentive Stock Options, (ii) Nonqualified Stock Options, and (iii) rights to acquire restricted stock. stock, and (iv) stock appreciation rights. (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates.
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Purpose. The purpose of the Synchrony Financial Annual Incentive Plan is to retain and motivate the officers and other employees of Synchrony Financial and its subsidiaries who have been designated by the Committee to participate in the Plan for a specified Performance Period by providing them with the opportunity to earn incentive payments based upon the extent to which specified performance goals have been achieved or exceeded for the Performance Period.
Purpose. The purpose of the Synchrony Financial Annual Incentive Plan is to retain and motivate the officers and other employees of Synchrony Financial and its subsidiaries who have been designated by the Committee to participate in the Plan for a specified Performance Period by providing them with the opportunity to earn incentive payments based upon the extent to which specified performance goals have been achieved or exceeded for the Performance Period.
It is intended that all amounts payable to... Participants who are "covered employees" within the meaning of Section 162(m) of the Code will constitute "qualified performance-based compensation" within the meaning of U.S. Treasury regulations promulgated thereunder, and the Plan and the terms of any Awards hereunder shall be so interpreted and construed to the maximum extent possible.
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