Common use of Objectives of the Plan Clause in Contracts

Objectives of the Plan. The Plan is intended (a) to allow selected employees of and consultants to the Company and its Subsidiaries to acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its Subsidiaries in attracting new employees, officers and consultants and retaining existing employees and consultants, (b) to optimize the profitability and growth of the Company and its Subsidiaries through incentives which are consistent with the Company’s goals, (c) to provide Grantees with an incentive for excellence in individual performance, (d) to promote teamwork among employees, consultants and Non-Employee Directors, and (e) to attract and retain highly qualified persons to serve as Non-Employee Directors and to promote ownership by such Non-Employee Directors of a greater proprietary interest in the Company, thereby aligning such Non-Employee Directors’ interests more closely with the interests of the Company’s shareholders.

Appears in 3 contracts

Samples: Bit Digital, Inc, Bit Digital, Inc, Indonesia Energy Corp LTD

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Objectives of the Plan. The Plan is intended (a) to allow selected employees and officers of and consultants to the Company and certain of its Subsidiaries affiliates to acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its Subsidiaries affiliates in attracting new employees, officers and consultants and retaining existing employees employees, officers and consultants, (b) to optimize the profitability and growth of the Company and its Subsidiaries affiliates through incentives which are consistent with the Company’s goals, (c) to provide Grantees with an incentive for excellence in individual performance, (d) to promote teamwork among employees, officers, consultants and Nonnon-Employee Directorsemployee directors, and (e) to attract and retain highly qualified persons to serve as Nonnon-Employee Directors employee directors and to promote ownership by such Nonnon-Employee Directors employee directors of a greater proprietary interest in the Company, thereby aligning such Nonnon-Employee Directorsemployee directors’ interests more closely with the interests of the Company’s shareholdersstockholders.

Appears in 2 contracts

Samples: SOS Hydration Inc., SOS Hydration Inc.

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Objectives of the Plan. The Plan is intended (a) to allow selected employees and officers of and consultants to the Company and its Subsidiaries Affiliates to acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its Subsidiaries Affiliates in attracting new employees, officers and consultants and retaining existing employees employees, officers and consultants, (b) to optimize the profitability and growth of the Company and its Subsidiaries Affiliates through incentives which are consistent with the Company’s goals, (c) to provide Grantees with an incentive for excellence in individual performance, (d) to promote teamwork among employees, officers, consultants and Nonnon-Employee Directorsemployee directors, and (e) to attract and retain highly qualified persons to serve as Nonnon-Employee Directors employee directors and to promote ownership by such Nonnon-Employee Directors employee directors of a greater proprietary interest in the Company, thereby aligning such Nonnon-Employee Directorsemployee directors’ interests more closely with the interests of the Company’s shareholdersstockholders.

Appears in 1 contract

Samples: Movie Gallery Inc

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