Purpose Contract Clauses (8,729)

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... "Transaction"). 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, 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. The purpose of the 2021 Executive Bonus Plan (this "Plan") is to encourage, recognize, and annually reward the achievement of key financial objectives for BigCommerce Holdings, Inc. (together with its subsidiaries, the "Company").

Purpose. The purpose of the Plan shall be to promote the long-term growth and profitability of the Company and its Affiliates by (a) providing certain directors, officers and employees of, and certain other individuals who perform services for, or to whom an offer of employment has been extended by, the Company and its Affiliates with incentives to maximize shareholder value and otherwise contribute to the success of the Company and (b) enabling the Company to attract, retain and reward the best... available persons for positions of responsibility. Grants of Incentive Stock Options or Non-qualified Stock Options, Stock Appreciation Rights, either alone or in tandem with Options, Restricted Stock, Restricted Stock Units, Performance Awards, Deferred Stock Units, Other Stock-Based Awards or Other Cash-Based Awards, or any combination of the foregoing (collectively, the "Awards") may be made under the Plan. Notwithstanding any provision of the Plan, to the extent that any Award would be subject to Section 409A of the Code, no such Award may be granted if it would fail to comply with the requirements set forth in Section 409A of the Code and any regulations or guidance promulgated thereunder. View More

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... equity-based and cash-based incentives for Participants. View More

Purpose. Definitions 1 3. Administration 4 4. Shares Subject to Plan 5 5. Eligibility; Per-Participation Limitations 6 6. Award Vesting Limitations 6 7. Specific Terms of Awards 6 8. Certain Provisions Applicable to Awards 10 9. Code Section 162(m) Provisions 12 10. Change in Control 12 11. General Provisions 14 DESTINATION XL GROUP, INC. 2016 INCENTIVE COMPENSATION PLAN 1.Purpose. The purpose of this DESTINATION XL GROUP, INC. 2016 INCENTIVE COMPENSATION PLAN (the "Plan") is to assist DESTINATION XL... GROUP, INC., a Delaware corporation (the "Company") and its Related Entities (as hereinafter defined) in attracting, motivating, retaining and rewarding high-quality executives and other employees, officers, directors, consultants and other persons who provide services to the Company or its Related Entities by enabling such persons to acquire or increase a proprietary interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's shareholders, and providing such persons with performance incentives to expend their maximum efforts in the creation of shareholder value. The Plan replaces the 2006 Incentive Compensation Plan which was last amended effective as of August 1, 2013. The Plan was originally adopted effective as of August 4, 2016 and was amended effective as of August 8, 2019. View More

Purpose. The purpose of this Amended and Restated US Ecology, Inc. 2008 Stock Option Incentive Plan (the "Plan") is to enable US Ecology, Inc., formerly known as US Ecology Parent, Inc. (the "Company"), to retain the services of (i) selected employees, officers and directors of the Company or any subsidiary of the Company and (ii) selected non-employee agents, consultants, advisers and independent contractors of the Company or any subsidiary of the Company. For purposes of this Plan, a person is... considered to be employed by or in the service of the Company if the person is employed by or in the service of any entity (the "Employer") that is either the Company or a subsidiary of the Company. In connection with, and as contemplated by, that certain Agreement and Plan of Merger, dated as of June 23, 2019, by and among US Ecology, Inc. (now known as US Ecology Holdings, Inc.), US Ecology Parent, Inc. (now known as US Ecology, Inc.), Rooster Merger Sub, Inc., ECOL Merger Sub, Inc., and NRC Group Holdings Corp. (as amended and/or restated from time to time, the "Merger Agreement"), the Company assumed the American Ecology Corporation 2008 Stock Option Incentive Plan (the "Pre-Merger Plan"), amended and restated the Pre-Merger Plan as set forth herein and renamed it the Amended and Restated US Ecology, Inc. 2008 Stock Option Incentive Plan. All awards granted under the Pre-Merger Plan that were outstanding as of immediately prior to the Effective Time (as defined in the Merger Agreement) were assumed by the Company at the Effective Time and converted to be in respect of Common Stock (as defined below), and shall be treated as if they were granted under the Plan (such awards as converted, the "Converted Awards"). No Options (as defined in Section 5 below) other than the Converted Awards may be granted under the Plan. View More

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