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. This Seattle Genetics, Inc. Long Term Incentive Plan for SGN-CD33A (the "Plan") is intended to increase stockholder value and the success of the Company by retaining and motivating selected Participants to achieve the Company's objectives and to remain in service with the Company or a Subsidiary. The Plan goals are to be achieved by providing such Participants with either cash or cash and stock incentive award opportunities, where payment or granting, as applicable, of the Awards shall be based... on the receipt of regulatory approvals for SGN-CD33A (as hereafter defined), as more specifically set forth herein. The Plan is intended to permit the grant of Stock Awards that may qualify as "performance-based compensation" within the meaning of Section 162(m) of the Code. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in Section 2 of the Plan. View More Arrow
Purpose. This Seattle Genetics, Inc. Long Term Incentive Plan for SGN-CD33A EV and TV (the "Plan") is intended to increase stockholder value and the success of the Company by retaining and motivating selected Participants to achieve the Company's objectives and to remain in service with the Company or a Subsidiary. The Plan goals are to be achieved by providing such Participants with either cash or cash and stock incentive award opportunities, where payment or granting, as applicable, of the Awards... shall be based on the receipt of regulatory FDA approvals for SGN-CD33A (as hereafter defined), EV and TV, as more specifically set forth herein. The Plan is intended to permit the grant of Stock Awards that may qualify as "performance-based compensation" within the meaning of Section 162(m) of the Code. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in Section 2 of the Plan. View More Arrow
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Purpose. The principal purposes of this CBS Radio Inc. Executive Bonus Plan are to assist the Company (as defined below) in attracting, motivating and retaining participating Eligible Executives (as defined below) who have significant responsibility for the growth and success of the Company by providing incentive awards that ensure a strong pay-for-performance linkage for such executives, and to permit the incentive awards paid under this Plan to qualify as performance-based compensation under Section... 162(m). View More Arrow
Purpose. The principal purposes of this CBS Radio Outdoor Americas Inc. Executive Bonus Plan are to assist the Company (as defined below) in attracting, motivating and retaining participating Eligible Executives (as defined below) who have significant responsibility for the growth and long-term success of the Company by providing incentive awards that ensure a strong pay-for-performance linkage for such executives, and to permit the incentive awards paid under this Plan to qualify as performance-based... compensation under Section 162(m). View More Arrow
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Purpose. The purpose of the Vantage Drilling International Amended and Restated 2016 Management Incentive Plan is to further align the interests of participants with those of the shareholders by providing incentive compensation opportunities tied to the performance of the Common Stock and Stapled Securities (each as defined below) and by promoting increased ownership of the Common Stock and/or Stapled Securities by such individuals. The Plan is also intended to advance the interests of the Company and... its shareholders by attracting, retaining and motivating key personnel upon whose judgment, initiative and effort the successful conduct of the Company's business is largely dependent, as part of a management equity plan designed to comply with Regulation D or Rule 701, as applicable, promulgated under the Securities Act. The Plan was originally adopted by the Board on the Effective Date (as defined below), and was subsequently amended and restated as of August 9, 2016. View More Arrow
Purpose. The purpose of the Vantage Drilling International Amended and Restated Penn Virginia Corporation 2016 Management Incentive Plan is to further align the interests of participants with those of the shareholders by providing incentive compensation opportunities tied to the performance of the Common Stock and Stapled Securities (each as (as defined below) and by promoting increased ownership of the Common Stock and/or Stapled Securities by such individuals. The Plan is also intended to advance the... interests of the Company and its shareholders by attracting, retaining and motivating key personnel upon whose judgment, initiative and effort the successful conduct of the Company's business is largely dependent, as part of a management equity plan designed to comply with Regulation D or Rule 701, as applicable, promulgated under the Securities Act. The Plan was originally adopted by the Board on the Effective Date (as defined below), and was subsequently amended and restated as of August 9, 2016. View More Arrow
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Purpose. Benefits under this Article III supplement the benefits of Eligible Employees to the extent that such benefits cannot be paid from the Company's tax-qualified defined benefit plans because of the limitations on benefits contained in Code section 415 and/or Code section 401(a)(17). It is intended that the provisions of this Article which relate to the limitations imposed by Code section 415 constitute a separate plan for purposes of Section 3(36) of the Employee Retirement Income Security Act of... 1974 (ERISA). View More Arrow
Purpose. Benefits under this Article III supplement the benefits of Eligible Employees to the extent that such benefits cannot be paid from the Company's tax-qualified defined benefit plans because of the limitations – 3 – EXECUTION COPY on benefits contained in Code section 415 and/or Code section 401(a)(17). It is intended that the provisions of this Article which relate to the limitations imposed by Code section 415 constitute a separate plan for purposes of Section 3(36) of the Employee Retirement... Income Security Act of 1974 (ERISA). View More Arrow
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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... 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 Arrow
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... Company. 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 Arrow
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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... 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 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 Arrow
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"),... Management 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 Arrow
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Purpose. The purposes of the FCB Financial Holdings, Inc. Management Long-Term Incentive Plan are (a) to advance the interests of the Company and its stockholders by providing a means to further motivate the management of the Company and its Affiliates, upon whose judgment, initiative and efforts the continued success, growth and development of the Company is dependent; (b) to link the rewards of the management of the Company and its Affiliates to the achievement of specific performance objectives and... goals; and (c) to assist the Company and its Affiliates in maintaining a competitive total compensation program that serves to [attract and] retain the most highly qualified individuals. View More Arrow
Purpose. The purposes of the FCB Financial Holdings, Inc. Management Long-Term Executive Incentive Plan are (a) to advance the interests of the Company and its stockholders by providing a means to further motivate the management employees of the Company and its Affiliates, upon whose judgment, initiative and efforts the continued success, growth and development of the Company is dependent; (b) to link the rewards of the management employees of the Company and its Affiliates to the achievement of... specific performance objectives and goals; and goals when so desired; (c) to assist the Company and its Affiliates in maintaining a competitive total compensation program that serves to [attract and] attract and retain the most highly qualified individuals. individuals; and (d) to permit the grant and settlement of awards that are deductible to the Company and its subsidiaries pursuant to Code Section 162(m) when so desired. View More Arrow
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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... 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 Arrow
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... hereby 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 Arrow
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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.
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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.
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