Purpose Contract Clauses (8,757)

Purpose. The purpose of the Annual Cash Bonus Plan (the "Plan") is to attract and retain key executives for Park-Ohio Industries, Inc., an Ohio corporation (the "Company"), and its Subsidiaries and to provide such persons with incentives for superior performance. Incentive Bonus payments made under the Plan are intended to constitute qualified "performance-based compensation" for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended, and Section 1.162-27 of the Treasury Regulations... promulgated thereunder, and the Plan shall be construed consistently with such intention. View More

Purpose. The purpose of the Plan is to encourage and enable selected management, other employees, contractors and directors of the Company, to acquire a proprietary interest in the Company through the ownership of the Common Stock of the Company. The Company intends to use the Plan to attract, retain and motivate Participants to attain exceptional levels of performance and provide Participants with an opportunity to participate in the increased value of the Company which their efforts, initiative, and... skill have helped produce. The Plan design enables the Company to grant to Participants Incentive Stock Options and/or Non-Qualified Stock Options to purchase shares of Common Stock of the Company. The Plan is effective as of December 20, 2012. View More

Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock through accumulated payroll deductions. The Company's intention is to have the Plan qualify as an "employee stock purchase plan" under Section 423 of the Code (the "423(b) Plan"), although the Company makes no undertaking nor representation to maintain such qualification. The provisions of the 423(b) Plan, accordingly, will be construed so as to extend and... limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. In addition, this Plan document authorizes the grant of rights to purchase stock that do not qualify under Section 423(b) of the Code ("Non-Section 423(b) Plan") pursuant to rules, procedures or sub-plans adopted by the Board or Committee designed to achieve tax, securities law or other Company compliance objectives in particular locations outside the United States. Such references to the Plan include the 423(b) and the Non-Section 423(b) Plan components. If grants are intended to be made under the Non-Section 423(b) Plan, they will be designated as such at the time of grant. View More

Purpose. Esterline Technologies Corporation ("Esterline" or the "Company") has established this Annual Incentive Compensation Plan ("Corporate IC Plan" or the "Plan") to reward its officers and other Corporate staff for effective work that leads and supports our operations in achieving expected and superior results for shareholders this fiscal year.

Purpose. The purpose of this Kinex Pharmaceuticals LLC 2004 Unit Option Plan is to provide an incentive to key Employees and non-Employee Directors of, and Consultants and other independent advisors to, Kinex Pharmaceuticals LLC, a Delaware limited liability company (the "Company") or any of its Affiliates, who are in a position to contribute materially to the long-term success of the Company, to increase their interest in the welfare of the Company and its Affiliates and to aid in attracting and... retaining Employees, Directors and Consultants of outstanding ability. View More

Purpose. The purposes of this Plan are to retain the services of valued key employees and consultants of the Company and such other persons as the Plan Administrator shall select in accordance with Section 3 below, to encourage such persons to acquire a greater proprietary interest in the Company, thereby strengthening their incentive to achieve the objectives of the shareholders of the Company, and to serve as an aid and inducement in the hiring of new employees and to provide an equity incentive to... consultants and other persons selected by the Plan Administrator. View More

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. View More

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. (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. View More

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.