Common use of BACKGROUND STATEMENT Clause in Contracts

BACKGROUND STATEMENT. The Corporation desires to grant to Recipient Restricted Stock Units (the “Units”) pursuant to the ▇▇▇▇, Inc. 2015 Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 5 contracts

Sources: Restricted Stock Unit Agreement (Culp Inc), Restricted Stock Unit Agreement (Culp Inc), Restricted Stock Unit Agreement (Culp Inc)

BACKGROUND STATEMENT. The Corporation desires to grant to Recipient Restricted Stock Units (the “Units”) pursuant to the ▇▇▇▇, Inc. 2015 Amended and Restated Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 3 contracts

Sources: Restricted Stock Unit Agreement (Culp Inc), Restricted Stock Unit Agreement (Culp Inc), Restricted Stock Unit Agreement (Culp Inc)

BACKGROUND STATEMENT. The Corporation desires to grant to Recipient Restricted Stock Units (the “Units”) pursuant to the ▇▇▇▇, Inc. 2015 2007 Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Culp Inc)

BACKGROUND STATEMENT. The Corporation desires to grant to Recipient Employee Restricted Stock Units (the “Units”) pursuant to the ▇▇▇▇, Inc. 2015 2007 Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Culp Inc)