Purpose Contract Clauses (8,757)

Purpose. The purpose of the Plan is to enable the Company and its Subsidiaries to attract, retain, motivate and reward qualified officers and key employees by providing them with the opportunity to earn competitive compensation directly linked to the Company's performance.

Purpose.  The Plan is intended to promote the best interests of the Corporation by enhancing the Corporation's ability to attract and retain highly qualified non-employee directors and by rewarding the Corporation's non-employee directors for their services to the Corporation.

Purpose. DEFINITIONS 1 3. ADMINISTRATION OF THE PLAN 2 3.1 Committee 2 3.2 Deferral Arrangement 3 4. ELIGIBILITY 3 5. ANNUAL INCENTIVE AWARDS 3 5.1 Granting Annual Incentive Awards 3 5.2 Determination of Annual Incentive Award 5 5.3 Time and Form of Payment 5 6. GENERAL PROVISIONS 6 6.1 Disclaimer of Rights 6 6.2 Nonexclusivity of the Plan 6 6.3 Withholding Taxes 6 6.4 Captions 6 6.5 Other Provisions 6 6.6 Number and Gender 6 6.7 Severability 6 6.8 Governing Law 6 6.9 Section 409A 6 6.10 Recoupment 7... 6.11 Amendment and Termination 7 -i- COLFAX CORPORATION ANNUAL INCENTIVE PLAN (AS AMENDED AND RESTATED EFFECTIVE AS APRIL 3, 2020) Colfax Corporation, a Delaware corporation, hereby adopts this Colfax Corporation Annual Incentive Plan, as amended and restated effective as of April 3, 2020, as follows: 1. PURPOSE The Plan is intended to enhance the Company's and its Affiliates' ability to attract and retain highly qualified officers and key employees, and to motivate such persons to serve the Company and its Affiliates. 2.2 "Annual Incentive Award" or "Award" means a bonus payable subject to attainment of Performance Goals over a Performance Period of up to one (1) year (the Company's calendar fiscal year, unless otherwise specified by the Committee). 2.3 "Board" means the Board of Directors of the Company. 2.4 "Cause" means, as determined by the Board and unless otherwise provided in an applicable agreement with the Company: (i) gross negligence or willful misconduct in connection with the performance of duties; (ii) conviction of a criminal offense (other than minor traffic offenses); or (iii) material breach of any term of any employment, consulting or other services, confidentiality, intellectual property or non-competition agreements, if any, between the Participant and the Company or any Affiliate of the Company. 2.5 "Code" means the Internal Revenue Code of 1986, as now in effect or as hereafter amended. 2.6 "Committee" means the Compensation Committee of the Board, which shall be comprised of not less than two directors of the Board. 2.7 "Company" means Colfax Corporation, a Delaware corporation, or its successor. 2.8 "Disability" means the Participant is unable to perform each of the essential employment duties of such Participant's position by reason of a medically determinable physical or mental impairment which is potentially permanent in character or which can be expected to last for a continuous period of not less than twelve (12) months. 2.9 "Participant" means, with respect to a Performance Period, each eligible officer or key employee designated by the Committee pursuant to Section 4 to receive an annual bonus payment contingent of achievement of specified Performance Goals. 2.10 "Performance Goals" means, as established by the Committee for a Participant, (i) performance goals for a Performance Period based upon the Performance Measures; and (ii) individual performance measures. 2.11 "Performance Measures" means measures as described in Section 5.1.4 on which the Performance Goals are based. 2.12 "Performance Period" means the period during which the Performance Goals must be met in order to determine the degree of payout and/or vesting with respect to an Annual Incentive Award, which period shall be the Plan Year unless otherwise specified by the Committee. 2.13 "Plan" means this Colfax Corporation Annual Incentive Plan, as amended and restated effective as of April 3, 2020. 2.14 "Plan Year" means the Company's fiscal year which begins January 1 and ends December 31. 2.15 "Retirement" means the Participant's termination of employment with the Company and its Affiliates, other than for Cause, upon the attainment of at least (i) age fifty-five (55) with five (5) consecutive years of employment service; or (ii) age sixty-five (65). 2.16 "Section 409A" means Code Section 409A and the regulatory and other guidance promulgated thereunder. 2.17 "Subsidiary" means any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code. View More

Purpose. The purpose of this Plan is to provide eligible employees of the Company and its Participating Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions or other permitted contributions. Except as provided in Section 27, the Company intends that the Plan will qualify as an "Employee Stock Purchase Plan" under Section 423 of the Code, and accordingly the Plan shall be construed consistently with such intent.

Purpose. The OLB Group, Inc. 2020 Share Incentive Plan (the "Plan") is intended to provide incentives which will attract, retain and motivate highly competent persons as officers, employees and non-employee directors ("Director Participants"), of, and consultants to, The OLB Group, Inc. (the "Company"), and its subsidiaries and affiliates, by providing them opportunities to acquire shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), or to receive monetary payments... based on the value of such shares pursuant to the Benefits (as defined below) described herein. Additionally, the Plan is intended to assist in further aligning the interests of the Company's officers, employees and consultants to those of its other stockholders. View More

Purpose. The Plan is intended to advance the interests of the Company by inducing individuals or entities of outstanding ability and potential to join and remain with, or provide consulting or advisory services to, the Company or a parent or subsidiary of the Company, by encouraging and enabling eligible employees, non-employee directors, consultants and advisors to acquire proprietary interests in the Company, and by providing the participating employees, non-employee directors, consultants and... advisors with an additional incentive to promote the success of the Company. This is accomplished by providing for the granting of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, and Stock Bonuses, as such terms are defined in Section 2 hereof, to employees, non-employee directors, consultants and advisors. As used herein, the term "parent" or "subsidiary" shall mean any present or future entity which is or would be a "parent corporation" or "subsidiary corporation" of the Company as the term is defined in Section 424 of the Code (as hereinafter defined) (determined as if the Company were the employer corporation). View More

Purpose. The Plan is intended to provide incentives to key employees, officers and directors expected to provide significant services to the Company, including the employees, officers and directors of the other Participating Companies, to encourage a proprietary interest in the Company, to encourage such key employees to remain in the employ of the Company and the other Participating Companies, and to attract new employees with outstanding qualifications. In furtherance thereof, the Plan permits awards... of equity-based incentives to key employees, officers and directors of the Company or any other Participating Company. The Plan was originally effective as of May 20, 2010 and was subsequently amended restated as of May 21, 2015. This amended and restated Plan will be effective as of June 10, 2020, subject to approval by the Company's stockholders (the "2020 Amendment Effective Date"). Changes made pursuant to this amendment and restatement shall only apply to Grants made on or after the 2020 Amendment Effective Date. View More

Purpose. 1.1 Purpose. The purpose of this 2021 Equity Compensation Plan is to enable the Company to offer to its employees, officers, directors and consultants whose past, present and/or potential contributions to the Company and its Subsidiaries have been, are or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. The types of long-term incentive Awards that may be provided under the Plan will enable the Company to respond to changes in... compensation practices, tax laws, accounting regulations and the size and diversity of its businesses. View More

Purpose. This PPI Holdings, Inc. 2018 Stock Incentive Plan (hereinafter referred to as this "Plan") is intended to promote the best interests of the Corporation and its stockholders by (i) enabling the Corporation and any Parent or Subsidiary to attract and retain persons of ability as employees, directors, consultants and advisors, (ii) providing an incentive to such persons to contribute to the growth of the Corporation by affording such persons equity participation in the Corporation and (iii)... rewarding those employees, directors, consultants and advisers who contribute to the operating progress and earning power of the Corporation or any Parent or Subsidiary. View More

Purpose. The purpose of this Equity Incentive Plan (the "Plan") is to advance the interests of [Biosecurity Technology, Inc.] (the "Company") and its Affiliates (as defined below) by inducing eligible individuals of outstanding ability and potential to join and remain with, or to provide consulting or advisory services to, the Company or its Affiliates, by encouraging and enabling eligible employees, Outside Directors (as defined below), consultants, and advisors to acquire proprietary interests in the... Company, and by providing participating eligible employees, Outside Directors, consultants, and advisors with an additional incentive to promote the success of the Company. These purposes are accomplished by providing for the granting of Incentive Stock Options, Nonqualified Stock Options, Reload Options, Stock Appreciation Rights, and Restricted Stock (all as defined below) to eligible employees, Outside Directors, consultants, and advisors. View More