Common use of Purpose of the Program Clause in Contracts

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP”) under the 2004 Sypris Equity Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25, 2009, to advance the Company’s growth and prosperity by providing long-term financial incentives to its executives, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2004 2020 Sypris Equity Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25, 2009terms, to advance the Company’s growth and prosperity by providing provide long-term financial incentives to its executiveskey employees, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelinesofficers.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP”) under the 2004 2015 Sypris Equity Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25, 2009, terms to advance the Company’s growth and prosperity by providing long-term financial incentives to its executiveskey employees, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP”) under the 2004 Sypris Equity Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25July 1, 20092005, to advance the Company’s growth and prosperity by providing long-term financial incentives to its executives, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP”) under the 2004 Sypris Equity Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25, 2009, to advance the Company’s growth and prosperity by providing long-term financial incentives to its executives, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelines.. [

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or the “Program”) under the 2004 2020 Sypris Equity Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these Terms on or after February 25, 2009, terms to advance the Company’s growth and prosperity by providing long-term financial incentives to its executiveskey employees, and to further the Company’s philosophy of equity ownership by the Company’s officers in accordance with the Company’s Equity Ownership Guidelines.