Common use of BACKGROUND STATEMENT Clause in Contracts

BACKGROUND STATEMENT. The Corporation desires to grant to Recipient an Annual Incentive Award (the “Award”) pursuant to the Xxxx, Inc. 2015 Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 5 contracts

Samples: Annual Incentive Award Agreement (Culp Inc), Annual Incentive Award Agreement (Culp Inc), Annual Incentive Award Agreement (Culp Inc)

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BACKGROUND STATEMENT. The Corporation desires to grant to Recipient an Annual Incentive Award (the “Award”) pursuant to the Xxxx, Inc. 2015 Amended and Restated Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 2 contracts

Samples: Annual Incentive Award Agreement (Culp Inc), Annual Incentive Award Agreement (Culp Inc)

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