Common use of Purpose of Award Clause in Contracts

Purpose of Award. The purpose of the Plan pursuant to which this award of Performance Shares has been granted is to enable the Company to retain and attract executives and employees who will contribute to the Company’s success by their ability, ingenuity and industry, and to enable such executives and employees to participate in the long-term growth of the Company and Dexia S. A. by obtaining a proprietary interest in the Company or Dexia S. A. and/or the cash equivalent thereof.

Appears in 4 contracts

Samples: Performance Share Agreement (Financial Security Assurance Holdings LTD/Ny/), Performance Share Agreement (Financial Security Assurance Holdings LTD), Performance Share Agreement (Financial Security Assurance Holdings LTD)

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