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. This Non-Employee Director Compensation Plan (the "Plan") is intended to attract highly-qualified individuals to serve as Non-Employee Directors of HireQuest, Inc. (the "Company") and to provide Non-Employee Directors with incentives and rewards that motivate superior oversight and protection of the Company's business.
Purpose. This Non-Employee Director Compensation Plan (the "Plan") is intended to attract highly-qualified individuals to serve as Non-Employee Directors of HireQuest, Interval Leisure Group, Inc. (the "Company") and to provide Non-Employee Directors with incentives and rewards that motivate superior oversight and protection of the Company's business.
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 GRO...UP, 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. Definitions 1 3. Administration 4 6 4. Shares Subject to Plan 5 7 5. Eligibility; Per-Participation Per-Person Award Limitations 8 6. 6. Award Vesting Limitations 6 7. Specific Terms of Awards 6 8 7. Certain Provisions Applicable to Awards 10 9. 14 8. Code Section 162(m) Provisions 12 10. 16 9. Change in Control 12 11. 18 10. General Provisions 14 19 DESTINATION XL GROUP, INC. 2016 2006 INCENTIVE COMPENSATION PLAN 1.Purpose. 1. Purpose. The purpose of this DESTINATION XL GROUP, INC. 2016 2006 IN...CENTIVE 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 originally adopted effective as of July 31, 2006, was amended effective as of August 27, 2009, August 5, 2010, and was further 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 consider...ed 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 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, non-employee Directors, officers and directors of the Company or any subsidiary other employees of the Company and (ii) selected non-employee agents, consultants, advisers its Subsidiaries, and independent contractors of certain other service providers to ...the Company or any subsidiary of the Company. For purposes of this Plan, a person is considered and its Subsidiaries, and to be employed by or in the provide to such persons incentives and rewards for 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. and/or performance. 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 NRC Group Holdings Corp. 2018 Equity and Incentive Compensation Plan (the "Pre-Merger Plan"), amended and restated the Pre-Merger Plan as set forth herein and renamed it the Amended and Restated US U.S. Ecology, Inc. 2008 Stock Option 2018 Equity and Incentive Compensation 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 this Plan (such awards as converted, the "Converted Awards"). No Options (as defined in Section 5 below) awards other than the Converted Awards may be granted under the this 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 purpose purposes of the Plan is are to enable the Company and its Subsidiaries subsidiaries to attract, retain, motivate and reward the best qualified executive 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. 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 current 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 6.1...1 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. DEFINITIONS 1 3. ADMINISTRATION OF THE PLAN 2 3.1 Committee 3.1. Committee. 2 3.2 3.2. Deferral Arrangement Arrangement. 3 4. ELIGIBILITY 3 5. ANNUAL INCENTIVE AWARDS 3 5.1 5.1. Granting Annual Incentive Awards Awards. 3 5.2 5.1.1. Performance Goals Generally. 3 5.1.2. Timing For Establishing Performance Goals. 3 5.1.3. Settlement of Awards; Other Terms. 4 5.1.4. Performance Measures. 4 5.1.5. Evaluation of Performance. 5 5.1.6. Adjustment of Performance-Based Compensation. 5 5.1.7. Board Discre...tion. 6 5.2. Determination of Annual Incentive Award 5 5.3 Time and Form of Payment 5 Award. 6 GENERAL PROVISIONS 6. 6.1 general provisions 6 6.1. Disclaimer of Rights Rights. 6 6.2 6.2. Nonexclusivity of the Plan 6 6.3 Plan. 7 6.3. Withholding Taxes 6 6.4 Captions 6 6.5 Taxes. 7 6.4. Captions. 7 6.5. Other Provisions 6 6.6 Provisions. 7 6.6. Number and Gender 6 6.7 Severability 6 6.8 Gender. 7 6.7. Severability. 7 6.8. Governing Law 6 6.9 Law. 7 6.9. Section 409A 6 6.10 Recoupment 7 6.11 of the Code. 8 6.10. Amendment and Termination 7 Termination. 8 -i- COLFAX CORPORATION ANNUAL INCENTIVE PLAN (AS AMENDED AND RESTATED EFFECTIVE AS APRIL 3, 2020) 2, 2012) Subject to approval of the Plan by shareholders, Colfax Corporation, a Delaware corporation, corporation (the "Company") hereby adopts this Colfax Corporation the terms of its Annual Incentive Plan, as amended and restated effective as of April 3, 2020, 2, 2012 (the "Plan"), as follows: 1. PURPOSE 1.PURPOSE The Plan is intended to enhance the Company's and its Affiliates' (as defined herein) ability to attract and retain highly qualified officers and key employees, and to motivate such persons to serve the Company and its Affiliates. Remuneration payable under the Plan is intended to constitute "qualified performance-based compensation" for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended and Section 1.162-27 of the Treasury Regulations thereunder and the Plan shall be construed consistently with this purpose. 2.2 "Annual Incentive Award" or "Award" means a bonus payable subject to attainment of Performance Goals 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 Colfax, each of whom shall qualify in all respects as an "outside director" for purpose of Code Section 162(m) and Section 1.162-27(e)(3) of the Board. Regulations. 2.7 "Company" means Colfax Corporation, a Delaware corporation, or its successor. Corporation. 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 goals. 2.9 "Performance Measures" means measures as described in Section 5.1.4 on which the Performance Goals performance goals are based. 2.12 based and which are approved by the Company's shareholders pursuant to this Plan in order to qualify Annual Incentive Awards as performance-based compensation under Section 162(m). 2.10 "Performance Period" means the period of time during which the Performance Goals 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 Award. 2.11 "Plan" means this Colfax Corporation Annual Incentive Plan, as amended and restated effective as of April 3, 2020. 2.14 "Plan Year" 2, 2012. 2.12 "Stock" means the Company's fiscal year which begins January 1 and ends December 31. 2.15 "Retirement" means common stock, per value $0.001 per share of the Participant's termination Company; provided, however, that to the extent an annual bonus payment made pursuant to this Plan is paid in Stock, the number of employment with shares of Stock so delivered shall be drawn solely from Stock available for awards under the Company and its Affiliates, Colfax Corporation 2008 Omnibus Incentive Plan or any successor plan or any other than for Cause, upon equity plan of 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 Company. 2.13 "Subsidiary" means any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code. 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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 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, Sections 27 and 28, 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 base...d 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 OLB Group, Cuentas Inc. 2020 2021 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, Cuestas 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 $0.001 per share (the "Common Stock"), or to re...ceive 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 BioRestorative Therapies, Inc. 2010 Equity Participation Plan (the "Plan") is intended to advance the interests of the Company BioRestorative Therapies, Inc. (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 int...erests 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, Restricted Stock and Stock Bonuses, as such terms are defined in Section 2 hereof, 2, 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 o...f 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. 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 o...f equity-based incentives and cash awards to key employees, officers and directors of the Company or any other Participating Company. The Plan amends and restates the Amended and Restated 2004 Equity Compensation Plan, which was originally initially approved by the stockholders of the Company on May 27, 2004 and which was thereafter amended as of December 10, 2008. The Plan first became effective as of May 20, 2010. and was subsequently amended restated as of May 21, 2015. This The amended and restated Plan will be effective as of June 10, 2020, May 21, 2015, subject to approval by the Company's stockholders (the "2020 "2015 Amendment Effective Date"). Changes made pursuant to this amendment and restatement shall only apply to Grants made on or after the 2020 2015 Amendment Effective Date. View More