Common use of Purpose of Plan Clause in Contracts

Purpose of Plan. 1.1 The purpose of the Plan is to assist directors, officers, employees and consultants of the Corporation and any Subsidiary to participate in the growth and development of the Corporation and its Subsidiaries by providing such persons with the opportunity, through share options, to acquire an increased proprietary interest in the Corporation that will be aligned with the interests of the shareholders of the Corporation.

Purpose of Plan. 1.1 The purpose of the Plan is to assist maintain the Company's ability to attract and retain the services of experienced and highly-qualified non-employee directors and to encourage stock ownership by such directors, officers, employees and consultants of the Corporation and any Subsidiary to participate in the growth and development of the Corporation and its Subsidiaries by providing such persons with the opportunity, through share options, to acquire an increased proprietary interest in the Corporation that will be aligned with align the interests of the shareholders such individuals with those of the CorporationCompany, its Affiliates and its shareholders. It is intended that Participants may acquire or increase their proprietary interests in the Company and be encouraged to remain in the directorship of the Company. The proceeds received by the Company from the sale of Stock pursuant to this Plan may be used for general corporate purposes.

Purpose of Plan. 1.1 The purpose of the Plan is to assist attract, retain and motivate persons as directors, officers, key employees and consultants of the Corporation and any Subsidiary its Subsidiaries and to participate in advance the growth and development interests of the Corporation and its Subsidiaries by providing such persons with the opportunity, through share options, to acquire an increased proprietary interest in the Corporation that will be aligned with the interests of the shareholders of the Corporation.