Common use of Purpose and Administration Clause in Contracts

Purpose and Administration. The primary purpose of allocating the Options to the Qualified Person is to give the Qualified Person an incentive to contribute towards the improvement of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve such business performance by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation. This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement, the Terms and Conditions and the Options.

Appears in 17 contracts

Samples: Sony Group Corp, Sony Group Corp, Sony Corp

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Purpose and Administration. The primary purpose of allocating the Options to the Qualified Person is to give enhance the willingness of the Qualified Person an incentive to contribute towards the improvement of the business performance advancement of the Sony Group (the Corporation and its group companies) Group’s business performance and thereby improve advance such business performance by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation. This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement, the Terms and Conditions and the Options.

Appears in 2 contracts

Samples: Sony Corp, Sony Corp

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Purpose and Administration. The primary purpose of allocating the Options to the Qualified Person is to give enhance the willingness of the Qualified Person an incentive to contribute towards the improvement advancement of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve advance such business performance by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation. This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement, the Terms and Conditions and the Options.

Appears in 1 contract

Samples: Sony Corp

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