Common use of Purposes of the Plan Clause in Contracts

Purposes of the Plan. The purposes of this Plan are: ● to attract and retain the best available personnel for positions of substantial responsibility, ● to provide additional incentive to Employees, Directors and Consultants, and ● to promote the success of the Company’s business. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and Performance Awards.

Appears in 3 contracts

Samples: Business Combination Agreement (Tailwind Acquisition Corp.), Business Combination Agreement (Tailwind Acquisition Corp.), Subscription Agreement (ARYA Sciences Acquisition Corp III)

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Purposes of the Plan. The purposes of this Plan are: to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants, and to promote the success of the Company’s businessbusiness and its stockholders. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units Units, Performance Units, Performance Shares, and Performance Awardsother stock or cash awards as the Administrator may determine.

Appears in 1 contract

Samples: Employment Agreement (Rackspace Hosting, Inc.)

Purposes of the Plan. The purposes of this [Plan are: ● Name] are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors Employees and Consultants, and to promote the success of the Company’s business. The Options granted under the Plan permits the grant of may be Incentive Stock Options, Options or Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. Restricted Stock Units and Performance Awardsmay also be granted under the Plan.

Appears in 1 contract

Samples: media.orrick.com

Purposes of the Plan. The purposes of this Plan are: · to attract and retain the best available personnel for positions of substantial responsibility, · to provide additional incentive to Employees, Directors and Consultants, and · to promote the success of the Company’s business. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and Performance Awards. The Plan will come into existence on the Adoption Date, but no Award may be granted prior to the Effective Date.

Appears in 1 contract

Samples: Business Combination Agreement (Clean Earth Acquisitions Corp.)

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Purposes of the Plan. The purposes of this Plan are: · to attract and retain the best available personnel for positions of substantial responsibility, ● responsibility; · to provide additional incentive to Employees, Directors and Consultants, Consultants; and · to promote the success of the Company’s business. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and Performance Awards.

Appears in 1 contract

Samples: Business Combination Agreement (Longview Acquisition Corp. II)

Purposes of the Plan. The purposes of this Plan are: to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants, and to promote the success of the Company’s business. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units and Performance AwardsShares.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Telenav, Inc.)

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