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 AmerisourceBergen Corporation 2022 Omnibus Incentive Plan (the "Plan"), is adopted by the Board of Directors of AmerisourceBergen Corporation (the "Company") subject to stockholder approval of the Plan at the 2022 Annual Meeting of Stockholders (the "Effective Date") and shall become effective upon such approval. The purpose of the Plan is to provide designated employees, non-employee directors, independent contractors and consultants of the Company and its parent and subsidiaries with the ...opportunity to receive grants of stock-based awards as provided in the Plan. The Company believes that the Plan will encourage the participants to contribute materially to the growth of the Company, thereby benefiting the Company's stockholders, and will align the economic interests of the participants with those of the stockholders. The Plan is the successor to the AmerisourceBergen Corporation Omnibus Incentive Plan, which was effective as of March 6, 2014 (the "2014 Plan"). No awards will be granted under the 2014 Plan after the Effective Date.View More
Purpose. This AmerisourceBergen Corporation 2022 Omnibus Incentive Plan (the "Plan"), "Plan") is adopted by the Board of Directors of AmerisourceBergen Corporation (the "Company") subject to stockholder approval of the Plan at the 2022 2014 Annual Meeting of Stockholders (the "Effective Date") and shall become effective upon such approval. The purpose of the Plan is to provide designated employees, non-employee directors, independent contractors and consultants of the Company and its parent and subsidiar...ies with the opportunity to receive grants of stock-based awards or cash incentive compensation as provided in the Plan. The Company believes that the Plan will encourage the participants to contribute materially to the growth of the Company, thereby benefiting the Company's stockholders, and will align the economic interests of the participants with those of the stockholders. The Plan is the successor to the AmerisourceBergen Corporation Omnibus Incentive Plan, which was effective as of March 6, 2014 (the "2014 Plan"). No awards will be granted under the 2014 Plan after the Effective Date.View More
Purpose. The purpose of the Plan is to promote the interests of the Company and its shareholders by providing current and future directors, officers, key employees and advisors with an equity or equity-based interest in the Company, so that the interests of such directors, officers, employees and advisors will be closely associated with the interests of shareholders by reinforcing the relationship between shareholder gains and compensation. Rights granted pursuant to this Plan, which include stock option...s, stock appreciation rights, restricted stock awards, restricted stock unit awards, deferred stock awards, performance shares, performance share units, performance units and other stock-based awards may also be used to attract, retain and motivate eligible individuals.View More
Purpose. The purpose of the 2014 Plan is to promote the interests of the Company Bank and its shareholders by providing current and future directors, officers, key employees and advisors with an equity or equity-based interest in the Company, Bank, so that the interests of such directors, officers, employees and advisors will be closely associated with the interests of shareholders by reinforcing the relationship between shareholder gains and compensation. Rights granted pursuant to this 2014 Plan, which... include stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, deferred stock awards, performance shares, performance share units, performance units and units, other stock-based awards awards, and cash-based awards, may also be used to attract, retain and motivate eligible individuals. View More
Purpose. The purposes of the Motorola Solutions Amended and Restated Omnibus Incentive Plan of 2015, effective as of May 17, 2022 (the "Plan") are (a) to encourage outstanding individuals to accept or continue employment with Motorola Solutions, Inc. ("Motorola Solutions" or the "Company") and its Subsidiaries (as defined below) or to serve as directors of Motorola Solutions, and (b) to furnish maximum incentive to those persons to improve operations and increase profits and to strengthen the mutuality o...f interest between those persons and Motorola Solutions' stockholders by providing them equity-based awards and other stock and cash incentives. Prior to the amendment and restatement on May 17 2022 (the "Restatement Date"), the Plan was amended and restated on May 18, 2015, and prior to that, the Plan was formerly known as the Motorola Solutions Omnibus Incentive Plan of 2006, as Amended and Restated November 8, 2011. All references to the Motorola Solutions Omnibus Incentive Plan of 2006 or the Motorola Solutions Omnibus Incentive Plan of 2015 contained in any (i) future award agreements, other grant materials or correspondence to participants or (ii) other Company plans, after the Restatement Date, shall also be deemed to refer to this Plan.View More
Purpose. The purposes of the Motorola Solutions Amended and Restated Omnibus Incentive Plan of 2015, 2015 (f/k/a The Motorola Solutions Omnibus Incentive Plan of 2006), as amended and restated effective as of May 17, 2022 18, 2015 (the "Plan") are (a) (i) to encourage outstanding individuals to accept or continue employment with Motorola Solutions, Inc. ("Motorola Solutions" or the "Company") and its Subsidiaries (as defined below) or to serve as directors of Motorola Solutions, and (b) (ii) to furnish m...aximum incentive to those persons to improve operations and increase profits and to strengthen the mutuality of interest between those persons and Motorola Solutions' stockholders by providing them equity-based awards and other stock and cash incentives. Prior to the amendment and restatement on May 17 2022 18, 2015 (the "Restatement Date"), the Plan was amended and restated on May 18, 2015, and prior to that, the Plan was formerly known as the Motorola Solutions Omnibus Incentive Plan of 2006, as Amended and Restated November 8, 2011. All references to the Motorola Solutions Omnibus Incentive Plan of 2006 or the Motorola Solutions Omnibus Incentive Plan of 2015 contained in any (i) future award agreements, other grant materials or correspondence to participants or (ii) other Company plans, after the Restatement Date, shall also be deemed to refer to this Plan. View More
Purpose. The purpose of this OmniAb, Inc. Severance Plan (this "Plan") is to provide certain Severance Payments and Benefits (as defined below) to designated employees of the Company in the event of a termination of their employment in certain specified circumstances. This Plan is an "employee welfare benefit plan," as defined in Section 3(1) of ERISA. This Plan is governed by ERISA and, to the extent applicable, the laws of the State of California. This document constitutes both the written instrument u...nder which this Plan is maintained and the required summary plan description for this Plan.View More
Purpose. The purpose of this OmniAb, Inc. Ligand Pharmaceuticals Incorporated Amended and Restated Severance Plan (this "Plan") is to provide certain Severance Payments and Benefits (as defined below) to designated employees of the Company in the event of a termination of their employment in certain specified circumstances. This Plan is an "employee welfare benefit plan," as defined in Section 3(1) of ERISA. This Plan is governed by ERISA and, to the extent applicable, the laws of the State of California.... This document constitutes both the written instrument under which this Plan is maintained and the required summary plan description for this Plan. View More
Purpose. The purpose of this 2020 Share Incentive Plan (as amended on July 5, 2022, this "Plan") is to afford an incentive to Service Providers of ScoutCam Inc., a Nevada registered company (together with any successor corporation thereto, the "Corporation"), or any Affiliate of the Corporation, which now exists or hereafter is organized or acquired by the Corporation or its Affiliates, to continue as Service Providers, to increase their efforts on behalf of the Corporation or its Affiliates and to promo...te the success of the Corporation's business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Corporation by the issuance of Shares or restricted Shares ("Restricted Shares") of the Corporation, and by the grant of options to purchase Shares ("Options"), Restricted Share Units ("RSUs") and other Share-based Awards pursuant to Sections 11 through 13 of this Plan. 1.2. Types of Awards. This Plan is intended to enable the Corporation to issue Awards under various tax regimes, including: (i) pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including the Israel Tax Authority (the "ITA"), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the "Rules") (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, "102 Awards"); (ii) pursuant to Section 3(i) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, "3(i) Awards"); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, "Incentive Stock Options"); and (iv) Options not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to U.S. Federal income tax ("Nonqualified Stock Options"). In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in this Plan and set forth the relevant conditions in an appendix to this Plan or in the Corporation's agreement with the Grantee in order to comply with the requirements of such other tax regimes. 1.3. Corporation Status. This Plan contemplates the issuance of Awards by the Corporation, both as a private and public company. 2 1.4. Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required, hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret and enforce such prevailing provisions. With respect to 102 Awards, if and to the extent any action or the exercise or application of any provision hereof or authority granted hereby is conditioned or subject to obtaining a ruling or tax determination from the ITA, to the extent required by applicable law, then the taking of any such action or the exercise or application of such section or authority with respect to 102 Awards shall be conditioned upon obtaining such ruling or tax determination, and, if obtained, shall be subject to any condition set forth therein; it being clarified that there is no obligation to apply for any such ruling or tax determination (which shall be in the sole discretion of the Committee) and no assurance is made that if applied any such ruling or tax determination will be obtained (or the conditions thereof).View More
Purpose. The purpose of this 2020 2015 Share Incentive Plan (as amended on July 5, 2022, amended, this "Plan") is to afford an incentive to Service Providers of ScoutCam Inc., a Nevada registered Nuvo Group Ltd., an Israeli company (together with any successor corporation thereto, the "Corporation"), "Company"), or any Affiliate of the Corporation, Company, which now exists or hereafter is organized or acquired by the Corporation Company or its Affiliates, to continue as Service Providers, to increase th...eir efforts on behalf of the Corporation Company or its Affiliates and to promote the success of the Corporation's Company's business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Corporation Company by the issuance of Shares or restricted Shares ("Restricted Shares") of the Corporation, Company, and by the grant of options to purchase Shares ("Options"), Restricted Share Units ("RSUs") and other Share-based Awards pursuant to Sections 11 through 13 of this Plan. 1.2. Types of Awards. This Plan is intended to enable the Corporation Company to issue Awards under various tax regimes, including: (i) pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including the Israel Tax Authority (the "ITA"), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the "Rules") (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, "102 Awards"); (ii) pursuant to Section 3(i) 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, "3(i) "3(9) Awards"); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, "Incentive Stock Options"); and (iv) Options not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to U.S. Federal income tax ("Nonqualified Stock Options"). In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in this Plan and set forth the relevant conditions in an appendix to this Plan or in the Corporation's Company's agreement with the Grantee in order to comply with the requirements of such other tax regimes. 1.3. Corporation Company Status. This Plan contemplates the issuance of Awards by the Corporation, Company, both as a private and public company. 2 1.4. Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required, hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret and enforce such prevailing provisions. With respect to 102 Awards, if and to the extent any action or the exercise or application of any provision hereof or authority granted hereby is conditioned or subject to obtaining a ruling or tax determination from the ITA, to the extent required by applicable law, then the taking of any such action or the exercise or application of such section or authority with respect to 102 Awards shall be conditioned upon obtaining such ruling or tax determination, and, if obtained, shall be subject to any condition set forth therein; it being clarified that there is no obligation to apply for any such ruling or tax determination (which shall be in the sole discretion of the Committee) and no assurance is made that if applied any such ruling or tax determination will be obtained (or the conditions thereof).View More
Purpose. Company is in the business of employee and contractor recruiting solutions ("Company Business") and Partner is in a position to refer potential clients/customers and assign certain current customers contracts to Company and Company wishes for Partner to do so.
Purpose. Company is in the business of employee and contractor recruiting solutions ("Company Business") and Partner is in a position to refer potential clients/customers and assign certain current customers contracts to Company and Company wishes for Partner to do so.
Purpose. The purpose of the Plan is to provide a convenient method by which Eligible Individuals of the Company may purchase fully vested Company common stock at fair market value. This Plan is effective as of August 22, 2018.
Purpose. The purpose of the Plan is to provide a convenient method by which Eligible Individuals of the Company may purchase fully vested Company common stock at fair market value. This Plan is effective as of August 22, 2018. February 19, 2016.
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 Plan is to provide designated (a) Employees of the Company and its Affiliates and (b) Non-Employee Directors of the Company and its Affiliates with the opportunity to receive grants of Options, SARs, Stock Awards, Dividend Equivalents and Other Stock-Based Awards. The Company believes that the Plan will encourage the Participants to contribute materially to the growth of the Company, thereby benefiting the Company's shareholders, and will align the economic interests of the Pa...rticipants with those of the shareholders. All capitalized terms shall be as defined in Section 2 hereof.View More
Purpose. The purpose of the Plan is to provide designated (a) Employees of the Company and its Affiliates and (b) Non-Employee Directors of the Company and its Affiliates with the opportunity to receive grants of Options, SARs, Stock Awards, Dividend Equivalents Units, Performance Units, Stock Awards and Other Stock-Based Awards. The Company believes that the Plan will encourage the Participants to contribute materially to the growth of the Company, thereby benefiting the Company's shareholders, stockhol...ders, and will align the economic interests of the Participants with those of the shareholders. stockholders. All capitalized terms shall be as defined in Section 2 hereof. View More
Purpose. Definitions 2 3. Administration 7 4. Shares Subject to Plan 8 5. Eligibility; Per-Person Award Limitations 9 6. Specific Terms of Awards 9 7. Certain Provisions Applicable to Awards 14 8. Performance Awards 16 9. Change in Control 17 10. General Provisions 19 EXHIBIT A A-1 i TRANSENTERIX, INC. AMENDED AND RESTATED INCENTIVE COMPENSATION PLAN 1. Purpose. The purpose of this AMENDED AND RESTATED INCENTIVE COMPENSATION PLAN, as amended from time to time (the "Plan"), is to assist TRANSENTERIX, INC...., a Delaware corporation (the "Company") and its Related Entities (as hereinafter defined) to attract, motivate, retain and reward 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 an ownership interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders, and providing such persons with incentives to expend their maximum efforts in the creation of stockholder value.View More
Purpose. Definitions 2 3. Administration 7 4. Shares Subject to Plan 8 5. Eligibility; Per-Person Award Limitations 9 6. Specific Terms of Awards 9 7. Certain Provisions Applicable to Awards 14 15 8. Performance Awards 16 Code Section 162(m) Provisions 17 9. Change in Control 17 18 10. General Provisions 19 20 EXHIBIT A A-1 i DMEAST #23834550 v3 TRANSENTERIX, INC. AMENDED INC.AMENDED AND RESTATED INCENTIVE RESTATEDINCENTIVE COMPENSATION PLAN 1. Purpose. 1.Purpose. The purpose of this AMENDED AND RESTATED... INCENTIVE COMPENSATION PLAN, as amended from time to time PLAN (the "Plan"), "Plan") is to assist TRANSENTERIX, INC., a Delaware corporation (the "Company") and its Related Entities (as hereinafter defined) to attract, motivate, retain in attracting, motivating, retaining and reward 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 an ownership a proprietary interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders, shareholders, and providing such persons with performance incentives to expend their maximum efforts in the creation of stockholder shareholder value. View More
