Purpose Contract Clauses (8,729)
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 purpose of the Plan is to establish the conditions under which Covered Employees will receive the Severance Benefits (defined below) if employment with the Company (or its successor, following a Change in Control) terminates under the circumstances specified herein.
Purpose. The purpose of the Plan is to establish the conditions under which Covered
Employees Executives will receive the
Severance Benefits (defined below) severance benefits described herein if employment with the Company (or its
successor, following successor in a Change
in of Control) terminates under the circumstances specified herein.
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Purpose. The purpose of the Plan is to promote the retention of the Company's senior executives by enabling the Company to offer certain protections to such employees in the event their employment is involuntarily terminated under certain circumstances. Capitalized terms and phrases used herein shall have the meanings ascribed thereto in Section 2.
Purpose. The purpose of the Plan is to promote the retention of
a selected group of key employees of the
Company's senior executives Company by enabling the Company to offer certain protections to such employees in the event their employment is involuntarily terminated under certain circumstances. Capitalized terms and phrases used herein shall have the meanings ascribed thereto in Section 2.
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Purpose. Effective Date 1 3. Eligibility and Participation 1 4. Purchase of Life Insurance Policies 1 5. Policy Ownership 1 6. Division of Cash Surrender Value 1 8. Vesting 2 9. Beneficiary Designation 2 10. Premium Payments 2 11. Termination of Participation in the Plan 2 12. Named Fiduciary 3 13. Funding Policy 3 14. Claims Procedure 3 15. Amendment and Revocation 4 16. Insurance Company Not a Party to This Plan 4 17. Validity 4 18. Notices 4 19. Successors 4 20. Governing Law 4 21. Entire Plan 4 22.
... Not a Contract of Employment 5 VAN WERT FEDERAL SAVINGS BANK ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN This Endorsement Split-Dollar Life Insurance Plan (the "Plan") is established by Van Wert Federal Savings Bank, located in Van Wert, Ohio (the "Association") for the benefit of certain highly compensated or management employees of the Bank. This Plan provides a means by which the Bank assists the Employee in purchasing life insurance on the Employee's life that provides a death benefit to the Employee's personal Beneficiary.
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Purpose. Effective Date 1 3. Eligibility and Participation 1 4. Purchase of Life Insurance Policies 1 5. Policy Ownership 1 6. Division of Cash Surrender Value 1 8. Vesting 2 9. Beneficiary Designation 2 10. Premium Payments 2 11. Termination of Participation in the Plan
2 3 12. Named Fiduciary 3 13. Funding Policy 3 14. Claims Procedure 3 15. Amendment and Revocation 4 16. Insurance Company Not a Party to This Plan 4 17. Validity 4 18. Notices 4 19. Successors 4 20. Governing Law
4 5 21. Entire Plan
4 5 22. Not a Contract of Employment 5
VAN WERT CINCINNATI FEDERAL SAVINGS
BANK AND LOAN ASSOCIATION ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN This Endorsement Split-Dollar Life Insurance Plan (the "Plan") is established by
Van Wert Cincinnati Federal Savings
Bank, and Loan Association, located in
Van Wert, Cincinnati, Ohio (the "Association") for the benefit of certain highly compensated or management employees of the
Bank. Association. This Plan provides a means by which the
Bank Association assists the Employee in purchasing life insurance on the Employee's life that provides a death benefit to the Employee's personal Beneficiary.
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Purpose. This AmerisourceBergen Corporation 2022 Omnibus Incentive Plan (the "Plan"), is adopted by the Board of Directors of AmerisourceBergen Corporation (the "Company") subject to stockholder approval of the Plan at the 2022 Annual Meeting of Stockholders (the "Effective Date") and shall become effective upon such approval. The purpose of the Plan is to provide designated employees, non-employee directors, independent contractors and consultants of the Company and its parent and subsidiaries with the
... opportunity to receive grants of stock-based awards as provided in the Plan. The Company believes that the Plan will encourage the participants to contribute materially to the growth of the Company, thereby benefiting the Company's stockholders, and will align the economic interests of the participants with those of the stockholders. The Plan is the successor to the AmerisourceBergen Corporation Omnibus Incentive Plan, which was effective as of March 6, 2014 (the "2014 Plan"). No awards will be granted under the 2014 Plan after the Effective Date.
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Purpose. This AmerisourceBergen Corporation
2022 Omnibus Incentive Plan (the
"Plan"), "Plan") is adopted by the Board of Directors of AmerisourceBergen Corporation (the "Company") subject to stockholder approval of the Plan at the
2022 2014 Annual Meeting of Stockholders
(the "Effective Date") and shall become effective upon such approval. The purpose of the Plan is to provide designated employees, non-employee directors, independent contractors and consultants of the Company and its parent and
... subsidiaries with the opportunity to receive grants of stock-based awards or cash incentive compensation as provided in the Plan. The Company believes that the Plan will encourage the participants to contribute materially to the growth of the Company, thereby benefiting the Company's stockholders, and will align the economic interests of the participants with those of the stockholders. The Plan is the successor to the AmerisourceBergen Corporation Omnibus Incentive Plan, which was effective as of March 6, 2014 (the "2014 Plan"). No awards will be granted under the 2014 Plan after the Effective Date.
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Purpose. The purpose of the Plan is to promote the interests of the Company and its shareholders by providing current and future directors, officers, key employees and advisors with an equity or equity-based interest in the Company, so that the interests of such directors, officers, employees and advisors will be closely associated with the interests of shareholders by reinforcing the relationship between shareholder gains and compensation. Rights granted pursuant to this Plan, which include stock
... options, stock appreciation rights, restricted stock awards, restricted stock unit awards, deferred stock awards, performance shares, performance share units, performance units and other stock-based awards may also be used to attract, retain and motivate eligible individuals.
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Purpose. The purpose of the
2014 Plan is to promote the interests of the
Company Bank and its shareholders by providing current and future directors, officers, key employees and advisors with an equity or equity-based interest in the
Company, Bank, so that the interests of such directors, officers, employees and advisors will be closely associated with the interests of shareholders by reinforcing the relationship between shareholder gains and compensation. Rights granted pursuant to this
2014 Plan,
... which include stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, deferred stock awards, performance shares, performance share units, performance units and units, other stock-based awards awards, and cash-based awards, may also be used to attract, retain and motivate eligible individuals.
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Purpose. The purposes of the Motorola Solutions Amended and Restated Omnibus Incentive Plan of 2015, effective as of May 17, 2022 (the "Plan") are (a) to encourage outstanding individuals to accept or continue employment with Motorola Solutions, Inc. ("Motorola Solutions" or the "Company") and its Subsidiaries (as defined below) or to serve as directors of Motorola Solutions, and (b) to furnish maximum incentive to those persons to improve operations and increase profits and to strengthen the mutuality
... of interest between those persons and Motorola Solutions' stockholders by providing them equity-based awards and other stock and cash incentives. Prior to the amendment and restatement on May 17 2022 (the "Restatement Date"), the Plan was amended and restated on May 18, 2015, and prior to that, the Plan was formerly known as the Motorola Solutions Omnibus Incentive Plan of 2006, as Amended and Restated November 8, 2011. All references to the Motorola Solutions Omnibus Incentive Plan of 2006 or the Motorola Solutions Omnibus Incentive Plan of 2015 contained in any (i) future award agreements, other grant materials or correspondence to participants or (ii) other Company plans, after the Restatement Date, shall also be deemed to refer to this Plan.
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Purpose. The purposes of the Motorola Solutions
Amended and Restated Omnibus Incentive Plan of
2015, 2015 (f/k/a The Motorola Solutions Omnibus Incentive Plan of 2006), as amended and restated effective
as of May
17, 2022 18, 2015 (the "Plan") are
(a) (i) to encourage outstanding individuals to accept or continue employment with Motorola Solutions, Inc. ("Motorola Solutions" or the "Company") and its Subsidiaries
(as defined below) or to serve as directors of Motorola Solutions, and
(b) (ii) to furnish
... maximum incentive to those persons to improve operations and increase profits and to strengthen the mutuality of interest between those persons and Motorola Solutions' stockholders by providing them equity-based awards and other stock and cash incentives. Prior to the amendment and restatement on May 17 2022 18, 2015 (the "Restatement Date"), the Plan was amended and restated on May 18, 2015, and prior to that, the Plan was formerly known as the Motorola Solutions Omnibus Incentive Plan of 2006, as Amended and Restated November 8, 2011. All references to the Motorola Solutions Omnibus Incentive Plan of 2006 or the Motorola Solutions Omnibus Incentive Plan of 2015 contained in any (i) future award agreements, other grant materials or correspondence to participants or (ii) other Company plans, after the Restatement Date, shall also be deemed to refer to this Plan.
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Purpose. The purpose of this OmniAb, Inc. Severance Plan (this "Plan") is to provide certain Severance Payments and Benefits (as defined below) to designated employees of the Company in the event of a termination of their employment in certain specified circumstances. This Plan is an "employee welfare benefit plan," as defined in Section 3(1) of ERISA. This Plan is governed by ERISA and, to the extent applicable, the laws of the State of California. This document constitutes both the written instrument
... under which this Plan is maintained and the required summary plan description for this Plan.
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Purpose. The purpose of this
OmniAb, Inc. Ligand Pharmaceuticals Incorporated Amended and Restated Severance Plan (this "Plan") is to provide certain Severance Payments and Benefits (as defined below) to designated employees of the Company in the event of a termination of their employment in certain specified circumstances. This Plan is an "employee welfare benefit plan," as defined in Section 3(1) of ERISA. This Plan is governed by ERISA and, to the extent applicable, the laws of the State of
... California. This document constitutes both the written instrument under which this Plan is maintained and the required summary plan description for this Plan.
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Purpose. The purpose of this 2020 Share Incentive Plan (as amended on July 5, 2022, this "Plan") is to afford an incentive to Service Providers of ScoutCam Inc., a Nevada registered company (together with any successor corporation thereto, the "Corporation"), or any Affiliate of the Corporation, which now exists or hereafter is organized or acquired by the Corporation or its Affiliates, to continue as Service Providers, to increase their efforts on behalf of the Corporation or its Affiliates and to
... promote the success of the Corporation's business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Corporation by the issuance of Shares or restricted Shares ("Restricted Shares") of the Corporation, and by the grant of options to purchase Shares ("Options"), Restricted Share Units ("RSUs") and other Share-based Awards pursuant to Sections 11 through 13 of this Plan. 1.2. Types of Awards. This Plan is intended to enable the Corporation to issue Awards under various tax regimes, including: (i) pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including the Israel Tax Authority (the "ITA"), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the "Rules") (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, "102 Awards"); (ii) pursuant to Section 3(i) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, "3(i) Awards"); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, "Incentive Stock Options"); and (iv) Options not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to U.S. Federal income tax ("Nonqualified Stock Options"). In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in this Plan and set forth the relevant conditions in an appendix to this Plan or in the Corporation's agreement with the Grantee in order to comply with the requirements of such other tax regimes. 1.3. Corporation Status. This Plan contemplates the issuance of Awards by the Corporation, both as a private and public company. 2 1.4. Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required, hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret and enforce such prevailing provisions. With respect to 102 Awards, if and to the extent any action or the exercise or application of any provision hereof or authority granted hereby is conditioned or subject to obtaining a ruling or tax determination from the ITA, to the extent required by applicable law, then the taking of any such action or the exercise or application of such section or authority with respect to 102 Awards shall be conditioned upon obtaining such ruling or tax determination, and, if obtained, shall be subject to any condition set forth therein; it being clarified that there is no obligation to apply for any such ruling or tax determination (which shall be in the sole discretion of the Committee) and no assurance is made that if applied any such ruling or tax determination will be obtained (or the conditions thereof).
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Purpose. The purpose of this
2020 2015 Share Incentive Plan (as
amended on July 5, 2022, amended, this "Plan") is to afford an incentive to Service Providers of
ScoutCam Inc., a Nevada registered Nuvo Group Ltd., an Israeli company (together with any successor corporation thereto, the
"Corporation"), "Company"), or any Affiliate of the
Corporation, Company, which now exists or hereafter is organized or acquired by the
Corporation Company or its Affiliates, to continue as Service Providers, to increase
... their efforts on behalf of the Corporation Company or its Affiliates and to promote the success of the Corporation's Company's business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Corporation Company by the issuance of Shares or restricted Shares ("Restricted Shares") of the Corporation, Company, and by the grant of options to purchase Shares ("Options"), Restricted Share Units ("RSUs") and other Share-based Awards pursuant to Sections 11 through 13 of this Plan. 1.2. Types of Awards. This Plan is intended to enable the Corporation Company to issue Awards under various tax regimes, including: (i) pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including the Israel Tax Authority (the "ITA"), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the "Rules") (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, "102 Awards"); (ii) pursuant to Section 3(i) 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, "3(i) "3(9) Awards"); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, "Incentive Stock Options"); and (iv) Options not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to U.S. Federal income tax ("Nonqualified Stock Options"). In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in this Plan and set forth the relevant conditions in an appendix to this Plan or in the Corporation's Company's agreement with the Grantee in order to comply with the requirements of such other tax regimes. 1.3. Corporation Company Status. This Plan contemplates the issuance of Awards by the Corporation, Company, both as a private and public company. 2 1.4. Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required, hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret and enforce such prevailing provisions. With respect to 102 Awards, if and to the extent any action or the exercise or application of any provision hereof or authority granted hereby is conditioned or subject to obtaining a ruling or tax determination from the ITA, to the extent required by applicable law, then the taking of any such action or the exercise or application of such section or authority with respect to 102 Awards shall be conditioned upon obtaining such ruling or tax determination, and, if obtained, shall be subject to any condition set forth therein; it being clarified that there is no obligation to apply for any such ruling or tax determination (which shall be in the sole discretion of the Committee) and no assurance is made that if applied any such ruling or tax determination will be obtained (or the conditions thereof).
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Purpose. The purpose of NovaBay Pharmaceuticals, Inc. (hereinafter referred to as "NovaBay" or the "Company) Non-Employee Director Compensation Plan (the "Plan") is to advance the interests of NovaBay and its shareholders by closely aligning the interests of the Non-Employee Directors with the Company and its shareholders. This Plan requires the payment of the annually established compensation payable to Non-Employee Directors for their service to be in cash and stock options to purchase the Company's
... Common Stock ("Options). Options issuable under this Plan shall be from the shareholder approved 2017 Omnibus Incentive Plan.
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Purpose. The purpose of NovaBay Pharmaceuticals, Inc. (hereinafter referred to as "NovaBay" or the "Company) Non-Employee Director Compensation Plan (the "Plan") is to advance the interests of NovaBay and its
shareholders stockholders by closely aligning the interests of the Non-Employee Directors with the Company and its
shareholders. stockholders. This Plan requires the payment of the annually established compensation payable to Non-Employee Directors for their service to be in cash and
restricted... stock options to purchase units that vest into the Company's Common Stock ("Options). Options ("RSUs"). RSUs issuable under this Plan shall be from the shareholder stockholder approved 2017 Omnibus Incentive Plan.
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Purpose. Company is in the business of employee and contractor recruiting solutions ("Company Business") and Partner is in a position to refer potential clients/customers and assign certain current customers contracts to Company and Company wishes for Partner to do so.
Purpose. Company is in the business of employee and contractor recruiting solutions ("Company Business") and Partner is in a position to refer potential clients/customers
and assign certain current customers contracts to Company and Company wishes for Partner to do so.
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