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 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 Arrow
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 Arrow
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Purpose. The Employee has been employed in a senior capacity by First Federal Savings Bank of Boston (the "Seller Subsidiary"), which is a wholly-owned subsidiary of the Seller Company. The Board of Directors of the Bank (the "Board") believes that the Employee has the skills, knowledge and experience to be an important and effective contributor to the Bank's success. The Board seeks to encourage the Employee's employment with and commitment to the Bank. The Board also seeks to protect the goodwill that... the Employee has developed for the Seller Subsidiary and will continue to develop for the Bank through the Employee's employment with the Bank. View More Arrow
Purpose. The Employee has been employed in a senior capacity by First Federal Savings Bank of Boston (the "Seller Subsidiary"), which is a wholly-owned subsidiary of the Seller Company. The Board of Directors of the Bank (the "Board") believes that the Employee has the skills, knowledge and experience to be an important and effective contributor to the Bank's success. The Board seeks to encourage the Employee's employment with and commitment to the Bank. The Board also seeks to protect Bank until at... least the goodwill that one year anniversary of the Effective Date (the "Anniversary Date"), during which period the Bank and the Employee has developed for shall consider the Seller Subsidiary and will continue to develop for the Bank through the Employee's employment with the Bank. possibility of future employment. View More Arrow
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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... conditions. View More Arrow
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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... Subsidiaries. View More Arrow
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 Arrow
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 Arrow
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Purpose. The purpose of this Plan is to strengthen Community Health Systems, Inc., a Delaware corporation (the "Company"), and its Subsidiaries by providing an incentive to its and their employees, officers, consultants and directors and thereby encouraging them to devote their abilities and industry to the success of the Company's and its Subsidiaries' business enterprises. It is intended that this purpose be achieved by extending to employees (including future employees who have received a formal... written offer of employment), officers, consultants and directors of the Company and its Subsidiaries an added long-term incentive for high levels of performance and unusual efforts through the grant of Incentive Stock Options, Non-qualified Stock Options, Stock Appreciation Rights, Performance Units, Performance Shares, Share Awards, Restricted Stock and Restricted Stock Units (as each term is herein defined). View More Arrow
Purpose. The purpose of this the Plan is to strengthen Community Health Systems, Cloud Peak Energy Inc., a Delaware corporation (the "Company"), and its Subsidiaries by providing an incentive to its and their its Subsidiaries' (as defined herein) employees, officers, consultants and directors and directors, thereby encouraging them to devote their abilities and industry to the success of the Company's and its Subsidiaries' business enterprises. enterprise. It is intended that this purpose be achieved by... extending to employees (including future employees who have received a formal written offer of employment), officers, consultants and directors of the Company and its Subsidiaries an added long-term incentive for high levels of performance and unusual efforts through the grant of Incentive Restricted Stock, Restricted Stock Options, Non-qualified Stock Units, Options, Stock Appreciation Rights, Dividend Equivalent Rights, Performance Units, Performance Shares, Awards, and Share Awards, Restricted Stock and Restricted Stock Units Awards (as each term is herein defined). View More Arrow
Purpose. The purpose of this Plan is to strengthen Community Health Systems, Charter Communications, Inc., a Delaware corporation (the "Company"), and its Subsidiaries by providing an incentive to its and their the employees, officers, consultants and directors of the Company, its Subsidiaries and Affiliates and thereby encouraging them to devote their abilities and industry to the success of the Company's and its Subsidiaries' business enterprises. enterprise. It is intended that this purpose be... achieved by extending to employees (including future employees who have received a formal written offer of employment), officers, consultants and directors of the Company and Company, its Subsidiaries and Affiliates an added long-term incentive for high levels of performance and unusual efforts through the grant of Incentive Nonqualified Stock Options, Non-qualified Incentive Stock Options, Stock Appreciation Rights, Dividend Equivalent Rights, Performance Units, Units and Performance Shares, Share Awards, Phantom Stock, Restricted Stock Units and Restricted Stock Units (as each term is herein defined). View More Arrow
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Purpose. The purpose of the Amended and Restated Guaranty Bancorp Change in Control Severance Plan (as Amended and Restated Effective February 3, 2015) (the "Plan") is to recruit and foster the continuous employment of key management personnel of the Company and to reinforce and encourage their continued attention and dedication to their duties in the event of any threat or occurrence of a Change in Control (as defined in Section 2), although no such change is now apparent or contemplated.
Purpose. The purpose of the Amended and Restated Guaranty Bancorp Change in Control Severance Plan (as Amended and Restated Effective February 3, May 15, 2015) (the "Plan") is to recruit and foster the continuous employment of key management personnel of the Company and to reinforce and encourage their continued attention and dedication to their duties in the event of any threat or occurrence of a Change in Control (as defined in Section 2), although no such change is now apparent or contemplated.
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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... 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 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 Arrow
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 Arrow
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... 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 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 Arrow
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Purpose. The purpose of the 2013 Stock Incentive Plan (the "Plan") of GWG Holdings, Inc. (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 per share, of the Company ("Common Stock") or other... incentive awards on terms determined under this Plan. View More Arrow
Purpose. The purpose of the 2013 2016 Stock Incentive Plan (the "Plan") of GWG Holdings, Inc. Med-X, 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, directors and certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of voting common stock, $0.001 par... value $0.001 per share, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More Arrow
Purpose. The purpose of the 2013 2014 Stock Incentive Plan (the "Plan") of GWG Holdings, Inc. Cachet Financial Solutions Inc., a Delaware corporation (the "Company") "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 per share, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More Arrow
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Purpose. The Joint Venturers form this Joint Venture to develop, construct, operate and market the Platform and related technology targeting specific market verticals. To the extent set forth in this Agreement, each of the Joint Venturers shall own an undivided fractional part in the business. The Joint Venture shall not engage in any other business or activity without the written consent of the Joint Venturers.
Purpose. The Joint Venturers form this Joint Venture to develop, construct, operate market and market the Platform sell products and related services based on DPT's patented BOTDA dark-pulse technology targeting specific market verticals. (the "Licensed Technology"). To the extent set forth in this Agreement, each of the Joint Venturers shall own an undivided fractional part in the business. The Joint Venture shall not engage in any other business or activity without the written consent of the Joint... Venturers. 1 4. Capital. Separate capital accounts shall be maintained for each Joint Venturer and shall consist of the sum of its contributions to the capital of the Joint Venture plus its share of the profits of the Joint Venture, less its share of any losses of the Joint Venture, and less any distributions to or withdrawals made by or attributed to it from the Joint Venture. The initial cash contributions from each of the Joint Venturers, for the purpose of this Joint Venture, is the sum set after the name of each Joint Venturer as follows: DPT $100.00 Bravatek $10,000.00 In addition to the above sums, DPT shall grant the Joint Venture an irrevocable royalty- free non-exclusive license to use the Licensed Technology in the North America, Asia and European government, military and CI/KR (Critical Infrastructure / Key Resources) market segments. The Joint Venturers shall subsequently make such other capital contributions required to enable the Joint Venture to carry out its purposes as set forth herein as the Joint Venturers may mutually agree upon. The Joint Venturers shall arrange for or provide any additional financing as may be required by the Joint Venture for carrying out the purposes of the Joint Venture. The terms and conditions of all such financing shall be subject to prior approval of each of the Joint Venturers. The Joint Venturers shall endorse, assume, or guarantee such obligations of the Joint Venture as the Joint Venturers may mutually agree upon. View More Arrow
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Purpose. The purpose of this Amended and Restated 2007 Director Stock Option Plan (the "Plan") of American Superconductor Corporation (the "Company") is to encourage stock ownership in the Company by outside directors of the Company whose continued services are considered essential to the Company's future success and to provide them with a further incentive to remain as directors of the Company. This Plan constitutes an amendment and restatement of the 2007 Director Stock Plan, as approved by the... Company's Board of Directors (the "Board") on May 8, 2014, and approved by the Company's stockholders on August 1, 2014, as adjusted to take into account the Company's reverse stock split, effective as of March 24, 2015 (the "Existing Plan"). In the event that the Company's stockholders do not approve the Plan, the Existing Plan will continue in full force and effect on its terms and conditions as in effect immediately prior to the date the Plan is approved by the Board. View More Arrow
Purpose. The purpose of this Amended and Restated 2007 Director Stock Option Plan (the "Plan") of American Superconductor Corporation (the "Company") is to encourage stock ownership in the Company by outside directors of the Company whose continued services are considered essential to the Company's future success and to provide them with a further incentive to remain as directors of the Company. This Plan constitutes an amendment and restatement of the 2007 Director Stock Plan, as last approved by the... Company's Board of Directors (the "Board") on May 8, 2014, 20, 2021, and approved by the Company's stockholders on August 1, 2014, as adjusted to take into account the Company's reverse stock split, effective as of March 24, 2015 2019 (the "Existing Plan"). In the event that the Company's stockholders do not approve the Plan, the Existing Plan will continue in full force and effect on its terms and conditions as in effect immediately prior to the date the Plan is approved by the Board. View More Arrow
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