Purpose and Eligibility. The purpose of this 2006 Equity Incentive Plan (the "Plan") of Summit Global Logistics, Inc., a Delaware corporation (the "COMPANY") is to provide stock options, stock issuances and other equity interests in the Company (each, an "AWARD") to (a) Employees, officers, Directors, consultants, independent contractors, and advisors of the Company or any Parent or Subsidiary thereof, and (b) any other Person who is determined by the Committee of the Board of Directors of the Company (the "BOARD") to have made (or is expected to make) contributions to the Company or any Parent or Subsidiary thereof. Any person to whom an Award has been granted under the Plan is called a "PARTICIPANT." Additional definitions are contained in Section 2 and certain other Sections of the Plan.
Appears in 5 contracts
Samples: Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.), Director and Founders Agreement (Aerobic Creations, Inc.)
