Common use of Statement of Purpose and Objectives Clause in Contracts

Statement of Purpose and Objectives. The parties believe that the creation of value for the shareholders of the Company and the other Members is dependent in large part on the ability of the Members to attract, motivate, develop and retain talented individuals. The parties further recognize that each Member enjoys the benefits and support derived from its affiliates within the SCG Group and that these benefits and support are important for the continued success of each of the Members. In that regard, the Company and SCG agree that the provisions of this Section 4 are necessary to continue the development of a corporate structure and depth of management capable of sustaining a high rate of value-creation over a long period of time. Further, the Company and SCG agree that it is critical to the accomplishment of its goals to (i) recognize the intrinsic value of each employee as an individual, (ii) treat each employee and applicant for employment without discrimination as to race, creed, color, sex, age, orientation or national origin, (iii) maintain an atmosphere that combines professional achievement with personal enjoyment, (iv) provide training opportunities that permit employees to perform their jobs in a better and more meaningful manner, (v) provide each employee with opportunity for career growth and advancement within the SCG Group based upon individual ability and performance, (v) recognize the value and potential of self-motivation of people who thoroughly understand their jobs so that individual initiative and thought will be encouraged in the accomplishment of all tasks, (vi) compensate employees fairly and competitively and (vii) maintain and enhance the strengths of each Member.

Statement of Purpose and Objectives. The parties believe that the creation of value for the shareholders of the Company and the other Members is dependent in large part on the ability of the Members to attract, motivate, develop and retain talented individuals. The parties further recognize that each Member enjoys the benefits and support derived from its affiliates within the SCG Group and that these benefits and support are important for the continued success of each of the Members. In that regard, the Company and SCG agree that the provisions of this Section 4 are necessary to continue the development of a corporate structure and depth of management capable of sustaining a high rate of value-creation over a long period of time. Further, the Company and SCG agree that it is critical to the accomplishment of its goals to (i) recognize the intrinsic value of each employee as an individual, (ii) treat each employee and applicant for employment without discrimination as to race, creed, color, sex, age, orientation or national origin, (iii) maintain an atmosphere that combines professional achievement with personal enjoyment, (iv) provide training opportunities that permit employees to perform their jobs in a better and more meaningful manner, (v) provide each employee with opportunity for career growth and advancement within the SCG Group based upon individual ability and performance, (v) recognize the value and potential of self-self- motivation of people who thoroughly understand their jobs so that individual initiative and thought will be encouraged in the accomplishment of all tasks, (vi) compensate employees fairly and competitively and (vii) maintain and enhance the strengths of each Member.