Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its Affiliates, (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Code.

Appears in 1 contract

Samples: Informatica Corp

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Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its Affiliates, (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section section 162(m) of the Code.

Appears in 1 contract

Samples: Award Agreement (Edwards J D & Co)

Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its Affiliates, (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section section 162(m) of the Code.

Appears in 1 contract

Samples: Award Agreement (Lsi Logic Corp)

Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its AffiliatesSubsidiaries, (b) consultants who provide significant services to the Company and its AffiliatesSubsidiaries, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Code.

Appears in 1 contract

Samples: 2004 Equity Incentive Plan (Pixar \Ca\)

Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its Affiliates, (b) consultants consultants, independent contractors and other persons who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Codestockholders.

Appears in 1 contract

Samples: Award Agreement (Sumtotal Systems Inc)

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Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its AffiliatesSubsidiaries, (b) consultants who provide significant services to the Company and its AffiliatesSubsidiaries, and (c) directors of the Company who are employees of neither the Company nor any AffiliateSubsidiary. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders shareholders, and to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Code.

Appears in 1 contract

Samples: Award Agreement (Epicor Software Corp)

Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company and its Affiliates, Affiliates and (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor of any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with those of the Company’s shareholders and to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Code.

Appears in 1 contract

Samples: Trikon Technologies Inc

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