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, its Subsidiaries and its Affiliates, (b) consultants who provide services to the Company, its Subsidiaries and Affiliates and (c) Non-Employee Directors. The Plan is also designed to permit the payment of compensation that qualifies as performance-based compensation under Section 162(m) of the Code. The Plan is intended to replace the TIBCO Prior Plans.

Appears in 5 contracts

Samples: Tibco Software Inc, Tibco Software Inc, Tibco Software Inc

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Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company, its Subsidiaries Company and its Affiliates, (b) consultants who provide significant services to the CompanyCompany and its Affiliates, its Subsidiaries and Affiliates and (c) Non-Employee Directorsdirectors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is also 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. The Plan is intended to replace the TIBCO Prior Plans.

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, its Subsidiaries Company and its Affiliates, Affiliates and (b) consultants who provide significant services to the CompanyCompany and its Affiliates, its Subsidiaries and Affiliates and (c) Non-Employee Directorsdirectors of the Company who are employees of neither the Company nor of any Affiliate. The Plan also is also 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. The Plan is intended to replace the TIBCO Prior Plans.

Appears in 1 contract

Samples: Trikon Technologies Inc

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Purpose of the Plan. The Plan is intended to attract, motivate, and retain (a) employees of the Company, its Subsidiaries Company and its Affiliates, (b) consultants who provide significant services to the CompanyCompany and its Affiliates, its Subsidiaries and Affiliates and (c) Non-Employee Directorsdirectors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is also 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. The Plan is intended to replace the TIBCO Prior Plans.

Appears in 1 contract

Samples: Informatica Corp

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