Common use of Purpose of the Program Clause in Contracts

Purpose of the Program. The Company’s Four Year Restricted Stock Program (“Program”) under the 2015 Sypris Omnibus Plan (as amended from time to time, the “Plan”) shall be effective for all Awards incorporating these terms on or after May 19, 2015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its key 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 Four Year Discretionary Director Restricted Stock Program (“Program”) under the 2015 Sypris Omnibus Plan (as amended from time to time, the “Plan”) shall be effective for all Awards incorporating these terms on or after May 19September 26, 20152016, to advance the Company’s growth and prosperity by providing long-term financial incentives to its key employeesDirectors, and to further the Company’s philosophy of equity ownership by the Company’s officers Directors in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Four Year Discretionary Director Restricted Stock Program (“Program”) under the 2015 Sypris Omnibus Plan (as amended from time to time, the “Plan”) shall be effective for all Awards incorporating these terms on or after May 19January 21, 20152016, to advance the Company’s growth and prosperity by providing long-term financial incentives to its key employeesDirectors, and to further the Company’s philosophy of equity ownership by the Company’s officers Directors in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Four Year Eighteen Month Restricted Stock Program (“Program”) under the 2015 Sypris Omnibus Plan (as amended from time to time, the “Plan”) shall be effective for all Awards incorporating these terms on or after May 19, 2015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its key 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 Four Three Year Restricted Stock Program (“Program”) under the 2015 Sypris Omnibus Plan (as amended from time to time, the “Plan”) shall be effective for all Awards incorporating these terms on or after May 19, 2015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its key 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.