Purpose Contract Clauses (2,126)

Grouped Into 123 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. Administration 3 3. Eligible Participants 3 4. Types of Incentives 3 5. Shares Subject to the Plan 4 5.1. Number of Shares 4 5.2. Cancellation 4 5.3. Type of Common Stock 4 5.4. Limitation on Awards Granted to Non-Employee Directors 4 6. Stock Options 4 6.1. Price 4 6.2. Number 4 6.3. Duration and Time for Exercise 4 6.4. Manner of Exercise 5 6.5. Incentive Stock Options 5 7. Stock Appreciation Rights 6 7.1. Price 6 7.2. Number 6 7.3. Duration 6 7.4. Exercise 6 7.5. Issuance of Shares Upon Exerc...ise 6 8. Stock Awards, Restricted Stock and Restricted Stock Units 7 8.1. Number of Shares 7 8.2. Sale Price 7 8.3. Restrictions 7 8.4. Enforcement of Restrictions 7 8.5. End of Restrictions 8 8.6. Rights of Holders of Restricted Stock and Restricted Stock Units 8 8.7. Settlement of Restricted Stock Units 8 8.8. Dividend Equivalents 8 9. Performance Awards 8 10. General 8 10.1. Plan Effective Date and Stockholder Approval; Termination of Plan 8 10.2. Duration 9 10.3. Non-transferability of Incentives 9 10.4. Effect of Termination or Death 9 10.5. Restrictions under Securities Laws 9 10.6. Adjustment 10 10.7. Incentive Plans and Agreements 10 10.8. Withholding 10 10.9. No Continued Employment, Engagement or Right to Corporate Assets 10 10.10. Payments Under Incentives 10 10.11. Amendment of the Plan 11 10.12. Amendment of Agreements for Incentives; No Repricing 11 10.13. Sale, Merger, Exchange or Liquidation 11 10.14. Definition of Fair Market Value 12 10.15. Definition of Grant Date 12 10.16. Compliance with Code Section 409A 13 2 FRESH VINE WINE, INC. 2021 EQUITY INCENTIVE PLAN 1. Purpose. The purpose of the 2021 Equity Incentive Plan (the "Plan") of Fresh Vine Wine, Inc., a Nevada corporation (the "Company"), is to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives ("Incentives") designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of common stock, $0.001 par value, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More
Purpose. Administration 3 3. Eligible Participants 3 4. Types of Incentives 3 5. Shares Subject to the Plan 4 3 5.1. Number of Shares 4 5.2. Cancellation 4 5.3. Type of Common Stock 4 5.4. Limitation on Awards Granted to Non-Employee Directors Certain Grants 4 6. Stock Options 4 6.1. Price 4 6.2. Number 4 6.3. Duration and Time for Exercise 4 6.4. Manner of Exercise 5 6.5. Incentive Stock Options 5 7. Stock Appreciation Rights 6 7.1. Price 6 7.2. Number 6 7.3. Duration 6 7.4. Exercise 6 7.5. Issuance of ...Shares Upon Exercise 6 8. Stock Awards, Restricted Stock and Restricted Stock Units 7 8.1. Number of Shares 7 8.2. Sale Price 7 8.3. Restrictions 7 8.4. Enforcement of Restrictions 7 8.5. End of Restrictions 8 7 8.6. Rights of Holders of Restricted Stock and Restricted Stock Units 8 8.7. Settlement of Restricted Stock Units 8 8.8. Dividend Equivalents 8 9. Performance Awards 8 9.1. Performance Conditions 8 9.2. Performance Awards Granted to Designated Covered Employees 8 9.3. Written Determinations 9 9.4. Status of Performance Awards Under Code Section 162(m) 10 10. General 8 10 10.1. Plan Effective Date and Stockholder Shareholder Approval; Termination of Plan 8 10 10.2. Duration 9 10 10.3. Non-transferability of Incentives 9 10 10.4. Effect of Termination or Death 9 11 10.5. Restrictions under Securities Laws 9 11 10.6. Adjustment 10 11 10.7. Incentive Plans and Agreements 10 11 10.8. Withholding 10 11 10.9. No Continued Employment, Engagement or Right to Corporate Assets 10 12 10.10. Payments Under Incentives 10 12 10.11. Amendment of the Plan 11 12 10.12. Amendment of Agreements for Incentives; No Repricing 11 12 10.13. Vesting Upon Change In Control 12 10.14. Sale, Merger, Exchange or Liquidation 11 10.14. 14 10.15. Definition of Fair Market Value 12 10.15. 15 10.16. Definition of Grant Date 12 10.16. 15 10.17. Compliance with Code Section 409A 13 15 10.18. Prior Plan 16 2 FRESH VINE WINE, PRECISION THERAPEUTICS INC. 2021 EQUITY AMENDED AND RESTATED 2012 STOCK INCENTIVE PLAN 1. Purpose. The purpose of the 2021 Equity Amended and Restated 2012 Stock Incentive Plan (the "Plan") of Fresh Vine Wine, Inc., a Nevada corporation Precision Therapeutics Inc. (the "Company"), "Company") is to increase stockholder shareholder value and to advance the interests of the Company by furnishing a variety of economic incentives ("Incentives") designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of common stock, $0.001 Common Stock, $0.01 par value, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More
Purpose. Administration 3 3. Eligible Participants 3 4. Types of Incentives 3 5. Shares Subject to the Plan 4 3 5.1. Number of Shares 4 3 5.2. Cancellation 4 5.3. Type of Common Stock 4 5.4. Limitation on Awards Granted to Non-Employee Directors 4 6. Stock Options 4 6.1. Price 4 6.2. Number 4 6.3. Duration and Time for Exercise 4 6.4. Manner of Exercise 5 6.5. Incentive Stock Options 5 7. Stock Appreciation Rights 6 7.1. Price 6 7.2. Number 6 7.3. Duration 6 7.4. Exercise 6 7.5. Issuance of Shares Upon E...xercise 6 8. Stock Awards, Restricted Stock and Restricted Stock Units 7 8.1. Number of Shares 7 8.2. Sale Price 7 8.3. Restrictions 7 8.4. Enforcement of Restrictions 7 8.5. End of Restrictions 8 7 8.6. Rights of Holders of Restricted Stock and Restricted Stock Units 8 8.7. Settlement of Restricted Stock Units 8 8.8. Dividend Equivalents 8 9. Performance Awards 8 1 10. General 8 10.1. Plan Effective Date and Stockholder Shareholder Approval; Termination of Plan 8 10.2. Duration 9 8 10.3. Non-transferability of Incentives 9 10.4. Effect of Termination or Death 9 10.5. Restrictions under Securities Laws 9 10.6. Adjustment 10 9 10.7. Incentive Plans and Agreements 10 10.8. Withholding 10 10.9. No Continued Employment, Engagement or Right to Corporate Assets 10 10.10. Payments Under Incentives 10 10.11. Amendment of the Plan 11 10 10.12. Amendment of Agreements for Incentives; No Repricing Vesting Upon Change In Control 11 10.13. Sale, Merger, Exchange or Liquidation 11 12 10.14. Definition of Fair Market Value 12 13 10.15. Definition of Grant Date 12 13 10.16. Compliance with Code Section 409A 13 2 FRESH VINE WINE, TABLE TRAC, INC. 2021 EQUITY STOCK INCENTIVE PLAN 1. Purpose. The purpose of the 2021 Equity Stock Incentive Plan (the "Plan") of Fresh Vine Wine, Inc., a Nevada corporation Table Trac, Inc. (the "Company"), "Company") is to increase stockholder shareholder value and to advance the interests of the Company by furnishing a variety of economic incentives ("Incentives") designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of common stock, Common Stock, $0.001 par value, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More
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Purpose. The purpose of the 2017 Equity and Incentive Compensation Plan is to attract and retain non-employee Directors, officers and other key employees of the Company and its Subsidiaries and to provide to such persons incentives and rewards for performance.
Purpose. The purpose of the 2017 Amended and Restated 2018 Equity and Incentive Compensation Plan is to attract and retain non-employee Directors, officers and other key employees of the Company and its Subsidiaries and to provide to such persons incentives and rewards for performance.
Purpose. The purpose of the 2017 this 2014 Equity and Incentive Compensation Plan is to attract and retain non-employee Directors, officers officers, and other key executives and employees of the Company and its Subsidiaries and to provide to such persons incentives and rewards for performance.
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Purpose. The purpose of this Amedisys Holding, L.L.C. Severance Plan for Key Employees (this "Plan") is to provide a fair framework in the event of the termination of employment in certain circumstances of certain key executive employees of the Company. This document supersedes any prior plan, program or arrangement that provides severance benefits to a Covered Executive (as defined below) eligible for benefits under this Plan. This document is intended to serve both as the official plan document and the... summary plan description for this Plan. The Plan is sponsored by Amedisys Holding, L.L.C. ("Company"). The Company is the Plan Administrator. View More
Purpose. The purpose of this Amedisys Holding, L.L.C. Amended and Restated Severance Plan for Key Employees Executive Officers (this "Plan") is to provide a fair framework in the event of the termination of employment in certain circumstances of certain key executive employees officers of the Company. This document supersedes any prior plan, program or arrangement that provides severance benefits to a Covered Executive (as defined below) eligible for benefits under this Plan. This document is intended to... serve both as the official plan document and the summary plan description for this Plan. The Plan is sponsored by Amedisys Holding, L.L.C. ("Company"). The Company is the Plan Administrator. View More
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Purpose. ProPetro Services, Inc. (the "Company"), has adopted the ProPetro Services, Inc. Amended and Restated Executive Severance Plan (the "Plan") to provide severance pay to Eligible Executives (as defined below) who experience a Qualifying Termination (as defined below) on or after April 10, 2020 (the "Effective Date"). The Plan is intended to be maintained primarily for the purposes of providing benefits for a select group of management or highly compensated employees and is intended to be a top hat... welfare benefit plan under ERISA. View More
Purpose. ProPetro Services, Inc. (the "Company"), has adopted the ProPetro Services, Inc. Amended and Restated Executive Severance Plan (the "Plan") to provide severance pay to Eligible Executives (as defined below) who experience a Qualifying Termination (as defined below) on or after April 10, March 13, 2020 (the "Effective Date"). The Plan is intended to be maintained primarily for the purposes of providing benefits for a select group of management or highly compensated employees and is intended to be... a top hat welfare benefit plan under ERISA. View More
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Purpose. The purpose of the 2015 Performance Grant Plan (the "Plan") is to set forth the terms of 2015 Performance Grants awarded by Dominion Resources, Inc., a Virginia corporation (the "Company"), pursuant to the Dominion Resources, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the "2014 Incentive Compensation Plan"). This Plan contains the Performance Goals for the awards, the Performance Criteria, the target and maximum amounts payable, and other applicable terms and conditions.
Purpose. The purpose of the 2015 2016 Performance Grant Plan (the "Plan") is to set forth the terms of 2015 2016 Performance Grants awarded by Dominion Resources, Inc., a Virginia corporation (the "Company"), pursuant to the Dominion Resources, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the "2014 Incentive Compensation Plan"). This Plan contains the Performance Goals for the awards, the Performance Criteria, the target and maximum amounts payable, and other applicable terms and con...ditions. View More
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Purpose. The purposes of the Plan are as follows: (a) To assist employees of the Company and its Designated Subsidiaries (as defined below) in acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an "employee stock purchase plan" within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended. (b) To help employees provide for their future security and to encourage them to remain in the employment of the Company and its Designated Su...bsidiaries. View More
Purpose. The purposes of the Plan are as follows: (a) (a). To assist encourage eligible employees of the Company and its Designated Subsidiaries (as defined below) in acquiring a to acquire stock ownership interest interests in the Company pursuant to a plan which is intended to qualify as an "employee stock purchase plan" within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended. (b) (b). To help eligible employees provide for their future financial security and to encourage ...them such employees to remain in the employment of the Company and its Designated Subsidiaries. View More
Purpose. The purposes of the Plan are as follows: (a) To encourage and assist employees of the Company and its Designated Subsidiaries (as defined below) in acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an "employee stock purchase plan" within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended. (as defined in Section 2 below). (b) To help employees provide for their future security and to encourage them to remain in the ...employment of the Company and its Designated Subsidiaries. View More
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Purpose. The purpose of the Marina Biotech, Inc. 2014 Long-Term Incentive Plan (the "Plan") is to further and promote the interests of Marina Biotech, Inc. (the "Company"), its Subsidiaries and its stockholders by enabling the Company and its Subsidiaries to attract, retain and motivate employees, directors and consultants, or those who will become employees directors or consultants, and to align the interests of those individuals and the Company's stockholders. To do this, the Plan offers performance-ba...sed incentive awards and equity-based opportunities providing such employees, directors and consultants with a proprietary interest in maximizing the growth, profitability and overall success of the Company and its Subsidiaries. View More
Purpose. The purpose of the Marina Biotech, Adhera Therapeutics, Inc. 2014 2018 Long-Term Incentive Plan (the "Plan") is to further and promote the interests of Marina Biotech, Adhera Therapeutics, Inc. (the "Company"), its Subsidiaries and its stockholders by enabling the Company and its Subsidiaries to attract, retain and motivate employees, directors and consultants, or those who will become employees employees, directors or consultants, and to align the interests of those individuals and the Company'...s stockholders. To do this, the Plan offers performance-based incentive awards and equity-based opportunities providing such employees, directors and consultants with a proprietary interest in maximizing the growth, profitability and overall success of the Company and its Subsidiaries. View More
Purpose. The purpose of the Marina Biotech, Inc. 2014 COMSovereign Holding Corp. 2020 Long-Term Incentive Plan (the "Plan") is to further and promote the interests of Marina Biotech, Inc. COMSovereign Holding Corp. (the "Company"), its Subsidiaries and its stockholders by enabling the Company and its Subsidiaries to attract, retain and motivate employees, directors and consultants, or those who will become employees employees, directors or consultants, and to align the interests of those individuals and ...the Company's stockholders. To do this, the Plan offers performance-based incentive awards and equity-based opportunities providing such employees, directors and consultants with a proprietary interest in maximizing the growth, profitability and overall success of the Company and its Subsidiaries. View More
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Purpose. The purpose of the Plan is to assist the Company with attracting, retaining, incentivizing and motivating officers and employees of, consultants to, and non-employee directors providing services to, the Company and its Subsidiaries and Affiliates and to promote the success of the Company's business by providing such participating individuals with a proprietary interest in the performance of the Company. The Company believes that this incentive program will cause participating officers, employees..., consultants and non-employee directors to increase their interest in the welfare of the Company, its Subsidiaries and Affiliates and to align those interests with those of the stockholders of the Company, its Subsidiaries and Affiliates. View More
Purpose. The purpose of the Plan is to assist the Company with attracting, retaining, incentivizing and motivating officers and employees of, consultants to, and non-employee directors providing services to, the Company and its Subsidiaries and Affiliates and to promote the success of the Company's business by providing such participating individuals with a proprietary interest in the performance of the Company. The Company believes that this incentive program will cause participating officers, employees..., consultants and non-employee directors to increase their interest in the welfare of the Company, Company and its Subsidiaries and Affiliates and to align those interests with those of the stockholders of the Company, Company and its Subsidiaries and Affiliates. Subsidiaries. View More
Purpose. The purpose of the Plan is to assist the Company with attracting, retaining, incentivizing to attract, retain, and motivating motivate officers and employees of, consultants to, and non-employee directors providing services to, the Company and its Subsidiaries and Affiliates and to promote the success of the Company's business by providing such participating individuals with a proprietary interest in the performance of the Company. The Company believes that this incentive program will cause part...icipating officers, employees, consultants and non-employee directors to increase their interest participants' interests in the welfare of the Company, Company and its Subsidiaries and Affiliates and to align those interests with those of the stockholders of the Company, Company and its Subsidiaries and Affiliates. Subsidiaries. View More
Purpose. The purpose of the Plan is to assist the Company with attracting, retaining, incentivizing to attract, retain, incentivize and motivating motivate officers and employees of, consultants to, and non-employee directors providing services to, the Company and or its Subsidiaries and Affiliates and to promote the success of the Company's business by providing such participating individuals with a proprietary interest in the performance of the Company. The Company believes that this incentive program ...will cause participating officers, employees, consultants and non-employee directors to increase their interest in the welfare of the Company, Company or its Subsidiaries and Affiliates and to align those interests with those of the stockholders shareholders of the Company, its Subsidiaries and Affiliates. View More
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Purpose. The purpose of this Transaction Bonus Plan for Employees (this "Plan") is to establish a bonus program for all employees (each an "Employee") of Torotel, Inc. (the "Company") as recommended to the Board of Directors of the Company (the "Board") by the Governance, Compensation and Nominating Committee (the "Committee") in recognition of the need to retain the service of these employees through the successful consummation of a transaction resulting in a change of control of the Company (a "Transac...tion"). View More
Purpose. The purpose of this Transaction Bonus Plan for Employees Board Members (this "Plan") is to establish a bonus program for all employees (each an "Employee") members of the Board of Directors (the "Board") of Torotel, Inc. (the "Company") as recommended to the Board of Directors of the Company (the "Board") by the Governance, Compensation and Nominating Committee (the "Committee") in recognition of the need instrumental service the directors will have provided to retain the service Company in prot...ecting shareholder value in the event of these employees through the successful consummation of a transaction resulting in a change of control of the Company (a "Transaction"). View More
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Purpose. The purpose of this Plan is to aid the Company in attracting, retaining, motivating and rewarding employees, non-employee directors and key consultants to the Company or its subsidiaries, to provide for equitable and competitive compensation opportunities, to recognize individual contributions and reward achievement of Company goals, and promote the creation of long-term value for stockholders by closely aligning the interests of Participants with those of stockholders. The Plan authorizes equit...y-based and cash-based incentives for Participants. View More
Purpose. The purpose of this 2020 Incentive Award Plan (the "Plan") is to aid Thryv Holdings, Inc., a Delaware corporation (together with its successors and assigns, the Company "Company"), in attracting, retaining, motivating and rewarding employees, non-employee directors and key consultants to of the Company or and its subsidiaries, subsidiaries and affiliates, to provide for equitable and competitive compensation opportunities, to recognize individual contributions and reward achievement of Company g...oals, and promote the creation of long-term value for stockholders by closely aligning the interests of Participants with those of stockholders. The Plan authorizes equity-based stock-based and cash-based incentives for Participants. View More
Purpose. The purpose of this 2014 Omnibus Incentive Plan (the "Plan") is to aid Flushing Financial Corporation, a Delaware corporation (together with its successors and assigns, the Company "Company"), in attracting, retaining, motivating and rewarding employees, employees and non-employee directors and key consultants to of the Company or and its subsidiaries, subsidiaries and affiliates, to provide for equitable and competitive compensation opportunities, to recognize individual contributions and rewar...d achievement of Company goals, and promote the creation of long-term value for stockholders by closely aligning the interests of Participants with those of stockholders. The Plan authorizes equity-based stock-based and cash-based incentives for Participants. View More
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