Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of the Employer by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the Employer.

Appears in 5 contracts

Samples: 2004 Stock Incentive Plan (Build a Bear Workshop Inc), 2004 Stock Incentive Plan (Build a Bear Workshop Inc), 2004 Stock Incentive Plan (Build a Bear Workshop Inc)

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Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the EmployerCompany.

Appears in 3 contracts

Samples: Stock Incentive Plan (Orchids Paper Products CO /DE), Stock Incentive Plan (Orchids Paper Products CO /DE), Stock Incentive Plan (Gulfstream International Group Inc)

Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors directors, consultants, and consultants independent contractors and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that to better align the interests of the recipients will be better aligned with those of the EmployerCompany’s interests.

Appears in 2 contracts

Samples: 2009 Stock Incentive Plan (Endostim, Inc.), 2009 Stock Incentive Plan (Endostim, Inc.)

Purpose of the Plan. The purpose of the Plan is to provide attract, retain and motivate Employees, Directors, and Third Party Service Providers of the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors its Subsidiaries and consultants Affiliates and to motivate such individuals encourage them to exert their best efforts on behalf of have a financial interest in the Employer by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the EmployerCompany.

Appears in 1 contract

Samples: 2017 Omnibus Incentive Plan (Darling Ingredients Inc.)

Purpose of the Plan. The purpose of the this Plan is to provide the Company with a means to assist in recruitingattract, retaining retain and rewarding certain motivate officers, employees, and non-employee directors and consultants providing services to the Company, any of its Subsidiaries, or Affiliates and to motivate such individuals to exert their best efforts on behalf promote the success of the Employer Company’s business by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests participants of the recipients will be better aligned Plan with those of the Employerappropriate incentives.

Appears in 1 contract

Samples: Employment Agreement

Purpose of the Plan. The purpose of the Plan is to provide enable the Company with a means and its subsidiaries to assist in recruitingattract and retain the services of selected directors, retaining and rewarding certain officers, employees, directors agents, consultants, advisers, persons involved in the sale or distribution of the Company’s products and consultants independent contractors, and to motivate such individuals encourage them to exert extend their best efforts on behalf of the Employer Company, by providing incentives through giving such individuals an opportunity to participate in the granting of Awards. By granting Awards to such individuals, the Company expects that the interests ownership of the recipients will be better aligned with those of the EmployerCompany.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Fei Co)

Purpose of the Plan. The purpose of the Plan is to provide promote the success and enhance the value of the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of by linking the Employer by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the personal interests of the recipients will be better aligned with Participants to those of the EmployerCompany's shareholders, and by providing Participants with an incentive for outstanding performance. The Plan is further intended to enhance the Company's ability to motivate, attract, and retain the services of Participants upon whose judgment, interest, and special effort the successful conduct of its operation is largely dependent.

Appears in 1 contract

Samples: Annual Report

Purpose of the Plan. The purpose of the Plan is to enable the Corporation and its subsidiaries to attract and retain highly qualified Employees, Consultants, and Non-Employee Directors, and additionally to provide key Employees who hold positions of major responsibility the Company opportunity to earn incentive awards commensurate with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf the quality of the Employer by providing incentives through the granting of Awards. By granting Awards to such individualsindividual performance, the Company expects that achievement of performance goals and ultimately the interests of the recipients will be better aligned with those of the Employerincrease in shareowner value.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar International Corp)

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Purpose of the Plan. The purpose of the Plan is to provide aid the Company with a means to assist and its Subsidiaries in recruiting, securing and retaining and rewarding certain employees, directors and consultants employees of outstanding ability and to motivate such individuals employees to exert their best efforts on behalf of the Employer Company and its Subsidiaries by providing incentives through the granting of Awards. By granting Awards to such individuals, the The Company expects that it will benefit from the interests added interest which such employees will have in the welfare of the recipients will be better aligned with those Company as a result of their proprietary interest in the EmployerCompany's success.

Appears in 1 contract

Samples: Distribution Agreement (Ims Health Inc)

Purpose of the Plan. The purpose of the Plan is to provide an incentive for executives and other key personnel who are in a position to contribute materially to the Company with a means success of the Company; to assist in recruiting, retaining and rewarding certain employees, directors and consultants reward accomplishment on their part; and to motivate such individuals to exert their best efforts on behalf aid in attracting and holding executives of the Employer by providing incentives through caliber necessary for the granting of Awards. By granting Awards to such individuals, the Company expects that the interests continued growth and profitability of the recipients will be better aligned with those of the EmployerCompany.

Appears in 1 contract

Samples: Annual Report

Purpose of the Plan. The purpose of the Plan is to provide reward key managers and other employees of the Company with a means and its Affiliates by enabling them to assist receive compensation based on the increase in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf value of the Employer by providing incentives through common stock of the granting of AwardsCompany. By granting Awards The Plan is intended to such individuals, advance the Company expects that the best interests of the recipients will be better aligned with Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the EmployerCompany and its Affiliates with additional performance incentives, thereby encouraging them to continue in their employment with the Company and its Affiliates.

Appears in 1 contract

Samples: 2006 Long Term Stock Appreciation Rights Plan (Tesoro Corp /New/)

Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining retaining, and rewarding certain employees, directors directors, consultants, and consultants other individuals providing services to the Company and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the EmployerCompany by providing recipients with a proprietary interest in the growth and performance of the Company.

Appears in 1 contract

Samples: 2012 Stock Incentive Plan (Stereotaxis, Inc.)

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