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. 1.1 Purpose. The purpose of this 2021 Equity Compensation Plan is to enable the Company to offer to its employees, officers, directors and consultants whose past, present and/or potential contributions to the Company and its Subsidiaries have been, are or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. The types of long-term incentive Awards that may be provided under the Plan will enable the Company to respond to changes in compe...nsation practices, tax laws, accounting regulations and the size and diversity of its businesses.View More
Purpose. 1.1 Purpose. The purpose of this 2021 Equity Compensation the IceWEB, Inc. 2013 Employee Option Plan is to enable the Company to offer to its employees, officers, directors employees and consultants whose past, present and/or potential contributions to the Company and its Subsidiaries have been, are or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. The types of long-term incentive Awards that may be provided under the Plan will e...nable the Company to respond to changes in compensation practices, tax laws, accounting regulations and the size and diversity of its businesses. View More
Purpose. This PPI Holdings, Inc. 2018 Stock Incentive Plan (hereinafter referred to as this "Plan") is intended to promote the best interests of the Corporation and its stockholders by (i) enabling the Corporation and any Parent or Subsidiary to attract and retain persons of ability as employees, directors, consultants and advisors, (ii) providing an incentive to such persons to contribute to the growth of the Corporation by affording such persons equity participation in the Corporation and (iii) rewardi...ng those employees, directors, consultants and advisers who contribute to the operating progress and earning power of the Corporation or any Parent or Subsidiary.View More
Purpose. This PPI Holdings, Amended and Restated Cvent, Inc. 2018 Stock Incentive Plan (hereinafter referred to as this "Plan") is intended to promote the best interests of the Corporation and its stockholders by (i) enabling the Corporation and any Parent or Subsidiary to attract and retain persons of ability as employees, directors, consultants and advisors, (ii) providing an incentive to such persons to contribute to the growth of the Corporation by affording such persons equity participation in the C...orporation and (iii) rewarding those employees, directors, consultants and advisers who contribute to the operating progress and earning power of the Corporation or any Parent or Subsidiary. View More
Purpose. The purpose of this Equity Incentive Plan (the "Plan") is to advance the interests of [Biosecurity Technology, Inc.] (the "Company") and its Affiliates (as defined below) by inducing eligible individuals of outstanding ability and potential to join and remain with, or to provide consulting or advisory services to, the Company or its Affiliates, by encouraging and enabling eligible employees, Outside Directors (as defined below), consultants, and advisors to acquire proprietary interests in the C...ompany, and by providing participating eligible employees, Outside Directors, consultants, and advisors with an additional incentive to promote the success of the Company. These purposes are accomplished by providing for the granting of Incentive Stock Options, Nonqualified Stock Options, Reload Options, Stock Appreciation Rights, and Restricted Stock (all as defined below) to eligible employees, Outside Directors, consultants, and advisors.View More
Purpose. The purpose of this Equity Incentive Plan (the "Plan") is to advance the interests of [Biosecurity Technology, Inc.] Green Remanufacturing Solutions, Inc. (the "Company") and its Affiliates (as defined below) by inducing eligible individuals of outstanding ability and potential to join and remain with, or to provide consulting or advisory services to, the Company or its Affiliates, by encouraging and enabling eligible employees, Outside Directors (as defined below), consultants, and advisors to ...acquire proprietary interests in the Company, and by providing participating eligible employees, Outside Directors, consultants, and advisors with an additional incentive to promote the success of the Company. These purposes are accomplished by providing for the granting of Incentive Stock Options, Nonqualified Stock Options, Reload Options, Stock Appreciation Rights, and Restricted Stock (all as defined below) to eligible employees, Outside Directors, consultants, and advisors. View More
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 availabl...e 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. This plan shall be known as the NRG Yield, Inc. Amended and Restated 2013 Equity Incentive Plan (the "Plan"). The purpose of the Plan shall be to promote the long-term growth and profitability of the Company NRG Yield, Inc., a Delaware corporation (the "Company"), and its Affiliates Subsidiaries by (a) (i) 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 Affi...liates Subsidiaries with incentives to maximize shareholder value and otherwise contribute to the success of the Company and (b) (ii) 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, stock appreciation rights ("SARs"), either alone or in tandem with Options, Restricted Stock, options, restricted stock, Restricted Stock Units, Performance Awards, Deferred Stock Units, Other Stock-Based Awards other stock based or Other Cash-Based Awards, 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. This plan shall be known as the NRG Energy, Inc. Long-Term Incentive Plan (the "Plan"). The purpose of the Plan shall be to promote the long-term growth and profitability of the Company NRG Energy, Inc., a Delaware corporation (the "Company"), and its Affiliates Subsidiaries by (a) (i) 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 Subsidiaries w...ith incentives to maximize shareholder value and otherwise contribute to the success of the Company and (b) (ii) 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, stock appreciation rights ("SARs"), 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, options, restricted stock, restricted stock units, performance awards, deferred stock units 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 Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the NRS and engaging in any and all activities necessary or incidental to the foregoing.
Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any all lawful act or activity activities for which limited liability companies may be formed under the NRS and engaging in any and all activities necessary or incidental to the foregoing. Act.
Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any all lawful act or activity activities for which limited liability companies may be formed under the NRS and engaging in any and all activities necessary or incidental to the foregoing. Act.
Purpose. (a) Background. This 2021 Stock Option and Restricted Stock Plan was adopted on August 14, 2021 by the Board of Directors, subject to the approval of the Company's stockholders. Options granted under the Plan prior to the stockholders' approval will be effective upon approval of the stockholders as of their respective dates of grant. (b) Eligible Award Recipients. The persons eligible to receive Awards are all employees (including executive officers) and directors of the Company or any of its af...filiates, as well as consultants, professionals and service providers who provide services to the Company are eligible to participate in the 2021 Plan. (c) Available Awards. The purpose of the Plan is to provide a means by which eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following: (i) Incentive Stock Options, (ii) Nonqualified Stock Options, and (iii) rights to acquire restricted stock. (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates.View More
Purpose. (a) Background. This 2021 2015 Stock Option and Restricted Stock Plan was adopted on August 14, 2021 March 12, 2015 by the Board of Directors, subject to the approval of the Company's stockholders. Options granted under the Plan prior to the stockholders' approval will be effective upon approval of the stockholders as of their respective dates of grant. grant upon approval of the stockholders. (b) Eligible Award Recipients. The persons eligible to receive Awards are all employees (including exec...utive officers) the Employees, Directors and directors Consultants of the Company or any of and its affiliates, as well as consultants, professionals and service providers who provide services to the Company are eligible to participate in the 2021 Plan. Affiliates. (c) Available Awards. The purpose of the Plan is to provide a means by which eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following: (i) Incentive Stock Options, (ii) Nonqualified Stock Options, and (iii) rights to acquire restricted stock. stock, and (iv) stock appreciation rights. (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. View More
Purpose. The purpose of the Synchrony Financial Annual Incentive Plan is to retain and motivate the officers and other employees of Synchrony Financial and its subsidiaries who have been designated by the Committee to participate in the Plan for a specified Performance Period by providing them with the opportunity to earn incentive payments based upon the extent to which specified performance goals have been achieved or exceeded for the Performance Period.
Purpose. The purpose of the Synchrony Financial Annual Incentive Plan is to retain and motivate the officers and other employees of Synchrony Financial and its subsidiaries who have been designated by the Committee to participate in the Plan for a specified Performance Period by providing them with the opportunity to earn incentive payments based upon the extent to which specified performance goals have been achieved or exceeded for the Performance Period. It is intended that all amounts payable to Parti...cipants who are "covered employees" within the meaning of Section 162(m) of the Code will constitute "qualified performance-based compensation" within the meaning of U.S. Treasury regulations promulgated thereunder, and the Plan and the terms of any Awards hereunder shall be so interpreted and construed to the maximum extent possible. View More
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the Severance Benefits (defined below) if employment with the Company (or its successor, following a Change in Control) terminates under the circumstances specified herein.
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees Executives will receive the Severance Benefits (defined below) severance benefits described herein if employment with the Company (or its successor, following successor in a Change in of Control) terminates under the circumstances specified herein.
Purpose. The purpose of the Plan is to promote the retention of the Company's senior executives by enabling the Company to offer certain protections to such employees in the event their employment is involuntarily terminated under certain circumstances. Capitalized terms and phrases used herein shall have the meanings ascribed thereto in Section 2.
Purpose. The purpose of the Plan is to promote the retention of a selected group of key employees of the Company's senior executives Company by enabling the Company to offer certain protections to such employees in the event their employment is involuntarily terminated under certain circumstances. Capitalized terms and phrases used herein shall have the meanings ascribed thereto in Section 2.
Purpose. Effective Date 1 3. Eligibility and Participation 1 4. Purchase of Life Insurance Policies 1 5. Policy Ownership 1 6. Division of Cash Surrender Value 1 8. Vesting 2 9. Beneficiary Designation 2 10. Premium Payments 2 11. Termination of Participation in the Plan 2 12. Named Fiduciary 3 13. Funding Policy 3 14. Claims Procedure 3 15. Amendment and Revocation 4 16. Insurance Company Not a Party to This Plan 4 17. Validity 4 18. Notices 4 19. Successors 4 20. Governing Law 4 21. Entire Plan 4 22. N...ot a Contract of Employment 5 VAN WERT FEDERAL SAVINGS BANK ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN This Endorsement Split-Dollar Life Insurance Plan (the "Plan") is established by Van Wert Federal Savings Bank, located in Van Wert, Ohio (the "Association") for the benefit of certain highly compensated or management employees of the Bank. This Plan provides a means by which the Bank assists the Employee in purchasing life insurance on the Employee's life that provides a death benefit to the Employee's personal Beneficiary.View More
Purpose. Effective Date 1 3. Eligibility and Participation 1 4. Purchase of Life Insurance Policies 1 5. Policy Ownership 1 6. Division of Cash Surrender Value 1 8. Vesting 2 9. Beneficiary Designation 2 10. Premium Payments 2 11. Termination of Participation in the Plan 2 3 12. Named Fiduciary 3 13. Funding Policy 3 14. Claims Procedure 3 15. Amendment and Revocation 4 16. Insurance Company Not a Party to This Plan 4 17. Validity 4 18. Notices 4 19. Successors 4 20. Governing Law 4 5 21. Entire Plan 4 5... 22. Not a Contract of Employment 5 VAN WERT CINCINNATI FEDERAL SAVINGS BANK AND LOAN ASSOCIATION ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN This Endorsement Split-Dollar Life Insurance Plan (the "Plan") is established by Van Wert Cincinnati Federal Savings Bank, and Loan Association, located in Van Wert, Cincinnati, Ohio (the "Association") for the benefit of certain highly compensated or management employees of the Bank. Association. This Plan provides a means by which the Bank Association assists the Employee in purchasing life insurance on the Employee's life that provides a death benefit to the Employee's personal Beneficiary. View More
