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. 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 Vent...urers. 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
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.
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 writt...en 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
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
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 achieve...d 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
Purpose. The Committee intends to grant the Full Value Awards described herein (the "Awards") to the executive officers of Packaging Corporation of America (the "Company") named herein (the "Participants") pursuant to the Company's Amended and Restated 1999 Long-Term Equity Incentive Plan (the "Plan") on or around the date hereof. The Section 162(m) Subcommittee desires to designate such Awards as Performance-Based Compensation and hereby adopts an award pool (the "Award Pool") of Shares available for su...ch Awards subject to the Performance Criterion and other terms and conditions provided herein. Capitalized terms not otherwise defined herein shall have the meanings given to them in the Plan.View More
Purpose. The Committee intends to grant the Full Value Awards described herein (the "Awards") to the executive officers of Packaging Corporation of America (the "Company") named herein (the "Participants") pursuant to the Company's Amended and Restated 1999 Long-Term Equity Incentive Plan (the "Plan") on or around June 25, 2015 (or July 1, 2015, in the date hereof. case of awards to Robert P. Mundy). The Section 162(m) Subcommittee desires to designate such Awards as Performance-Based Compensation and he...reby adopts an award pool (the "Award Pool") of Shares available for such Awards subject to the Performance Criterion and other terms and conditions provided herein. Capitalized terms not otherwise defined herein shall have the meanings given to them in the Plan. View More
Purpose. The purposes of this Second Amended and Restated Prologis Promote Plan (the "Plan") is to align the compensation of certain executives and employees of Prologis, Inc. (the "Company") and its subsidiaries with the performance of the Funds (as defined below), by linking a portion of their compensation to Incentive Fees (as defined below) generated by such Funds. Nothing in this Plan shall be construed as creating an express or implied contract of employment. This Plan is effective as of January 1,... 2012 (the "Effective Date").View More
Purpose. The purposes of this Second Third Amended and Restated Prologis Promote Plan (the "Plan") is to align the compensation of certain executives and employees of Prologis, Inc. (the "Company") and its subsidiaries with the performance of the Funds (as defined below), by linking a portion of their compensation to Incentive Fees (as defined below) generated by such Funds. Nothing in this Plan shall be construed as creating an express or implied contract of employment. This Plan is effective as of Janu...ary December 1, 2012 2021 (the "Effective Date"). Date") (and with respect to Bonus Determination Dates occurring on and after the Effective Date). View More
Purpose. The primary purposes of the Morgan Stanley 2007 Equity Incentive Compensation Plan are to attract, retain and motivate employees, to compensate them for their contributions to the growth and profits of the Company and to encourage them to own Morgan Stanley Stock.
Purpose. The primary purposes of the Morgan Stanley 2007 Equity Incentive Compensation Plan are to attract, retain and motivate employees, to compensate them for their contributions to the growth and profits of the Company and to encourage them to own Morgan Stanley Stock.
Purpose. This Equity Incentive Plan of the Company is intended to provide incentives to Managers and Officers of the Company, the officers, employees, directors and consultants (including prospective consultants and employees) of the Company and its Subsidiaries and other individuals as determined by the Board of Managers of the Company (the "Board") by providing such persons with awards of Shares in the Company denominated as Incentive Common Shares (the "Incentive Shares"), Management Incentive Plan Sh...ares (the "MIP Shares"), Class B Shares ("Class B Shares") of the Company or of options to acquire Ordinary Common Shares of the Company (the "Ordinary Shares"), Class B Shares or Incentive Shares ("Options"), the rights, preferences, limitations, obligations, and liabilities of which are governed by the LLC Agreement and the letter agreement, option agreement or employment agreement or letter relating to each award (the "Award Letter") and this Plan. If the terms of this Plan or any Award Letter conflict in any way with the provisions of the LLC Agreement, the LLC Agreement shall govern. The terms of this Plan or any Award Letter shall not be deemed in conflict or inconsistent with the provisions of the LLC Agreement merely because they impose greater or additional restrictions, obligations or duties, or if the provisions of the Plan or Award Letter state that such Plan or Award Letter terms apply notwithstanding provisions to the contrary in the LLC Agreement.View More
Purpose. This Equity Incentive Plan of the Company is intended to provide incentives to Managers and Officers of the Company, the officers, employees, directors and consultants (including prospective consultants and employees) of the Company and its Subsidiaries and other individuals as determined by the Board of Managers of the Company (the "Board") by providing such persons with awards (each, an "Award") of Shares in the Company denominated as Incentive Common Shares (the "Incentive Shares"), Managemen...t Incentive Plan Shares (the "MIP Shares"), Class B Shares ("Class B Shares") of the Company or of options to acquire Ordinary Common Shares of the Company (the "Ordinary Shares"), Class B "Incentive Shares") or options to acquire Ordinary Shares or Incentive Shares of the Company ("Options"), the rights, preferences, limitations, obligations, and liabilities of which are governed by the LLC Agreement and Agreement, the letter agreement, option agreement or employment other agreement or letter relating to each award (the "Award Letter") and this Plan. If the terms of this Plan or any Award Letter conflict in any way with the provisions of the LLC Agreement, the LLC Agreement shall govern. The terms of this Plan or any Award Letter shall not be deemed in conflict or inconsistent with the provisions of the LLC Agreement merely because they impose greater or additional restrictions, obligations or duties, or if the provisions of the Plan or Award Letter state that such Plan or Award Letter terms apply notwithstanding provisions to the contrary in the LLC Agreement. View More
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 inc...entive awards on terms determined under this Plan.View More
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 v...alue $0.001 per share, of the Company ("Common Stock") or other incentive awards on terms determined under this Plan. View More
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
Purpose. The purpose of the Globalink, Ltd. 2015 Stock Awards Plan is to provide a means through which Globalink, Ltd., a Nevada corporation, and its subsidiaries, if any, may attract, retain and motivate employees, directors and persons affiliated with the Company, including, but not limited to, non-employee consultants, and to provide a means whereby such persons can acquire and maintain stock ownership, thereby strengthening their concern for the welfare of the Company. A further purpose of the Plan i...s to provide such participants with additional incentive and reward opportunities designed to enhance the profitable growth and increase stockholder value of the Company. To further align the interests of employees, directors and non-employee consultants with those of the stockholders by providing incentive compensation opportunities tied to the performance of the Common Stock and by promoting increased ownership of the Common Stock by such individuals. The Plan is also intended to advance the interests of the Company and its stockholders by attracting, retaining and motivating key personnel upon whose judgment, initiative and effort the successfully conduct of the Company's business is largely dependent. Accordingly, the Plan provides for granting Incentive Stock Options, options that do not constitute Incentive Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Phantom Stock Awards, or any combination of the foregoing, as is best suited to the particular circumstances as provided herein.View More
Purpose. The purpose of the Globalink, Ltd. 2015 IIOT-OXYS, Inc. 2017 Stock Awards Plan is to provide a means through which Globalink, Ltd., IIOT-OXYS, Inc., a Nevada corporation, and its subsidiaries, if any, may attract, retain and motivate employees, directors and persons affiliated with the Company, including, but not limited to, non-employee consultants, and to provide a means whereby such persons can acquire and maintain stock ownership, thereby strengthening their concern for the welfare of the Co...mpany. A further purpose of the Plan is to provide such participants with additional incentive and reward opportunities designed to enhance the profitable growth and increase stockholder value of the Company. To further align the interests of employees, directors and non-employee consultants with those of the stockholders by providing incentive compensation opportunities tied to the performance of the Common Stock and by promoting increased ownership of the Common Stock by such individuals. The Plan is also intended to advance the interests of the Company and its stockholders by attracting, retaining and motivating key personnel upon whose judgment, initiative and effort the successfully conduct of the Company's business is largely dependent. Accordingly, the Plan provides for granting Incentive Stock Options, options that do not constitute Incentive Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Phantom Stock Awards, or any combination of the foregoing, as is best suited to the particular circumstances as provided herein. View More
Purpose. The purpose of this Employee Severance Compensation Plan for Vice Presidents and Assistant Vice Presidents (the "Plan") is to provide an equitable measure of compensation for eligible employees of Flushing Bank (the "Bank") or Flushing Financial Corporation (the "Holding Company") whose employment has been terminated within one year after a Change of Control.
Purpose. The purpose of this Employee Severance Compensation Plan for Vice Presidents and Assistant Vice Presidents (the "Plan") is to provide an equitable measure of compensation for eligible employees of Flushing Bank (the "Bank") or Flushing Financial Corporation (the "Holding Company") whose employment has been terminated within one year after a Change of Control.
