Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

Appears in 15 contracts

Sources: 2010 Omnibus Incentive Plan (Viasat Inc), Long Term Incentive Plan (Rex Energy Corp), 2009 Omnibus Incentive Plan (Rosetta Stone Inc)

Purpose of the Plan. The Plan is intended to advance the best interests of the Companyattract, its Affiliates motivate, and its stockholders by providing those persons who have substantial responsibility for the management and growth retain (a) employees of the Company and its Affiliates Affiliates, (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with additional performance incentives and an opportunity to obtain or increase their proprietary interest in those of the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates’s shareholders.

Appears in 4 contracts

Sources: 2003 Equity Incentive Plan (Cell Therapeutics Inc), Equity Incentive Plan (Palmsource Inc), 2003 Equity Incentive Plan (Cell Therapeutics Inc)

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders shareholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

Appears in 1 contract

Sources: 2006 Omnibus Incentive Plan (Weatherford International LTD)

Purpose of the Plan. The purpose of the Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives shareholders by giving substantially all Associates of the Company and an opportunity to obtain or increase their proprietary interest its Subsidiaries a stake in the Company, thereby encouraging them 's future growth in order to continue in their employment or affiliation with the Company or its Affiliatesfurther create a culture of ownership and excellence among all Associates which will foster teamwork and custo▇▇▇ ▇▇rvice.

Appears in 1 contract

Sources: Stock Option Program (Bankamerica Corp/De/)

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders Stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest ownership in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its AffiliatesCompany.

Appears in 1 contract

Sources: 2010 Long Term Incentive Plan (Ballantyne Strong, Inc.)

Purpose of the Plan. The purpose of the Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives shareholders by giving substantially all Associates of the Company and an opportunity to obtain or increase their proprietary interest its Subsidiaries a stake in the Company, thereby encouraging them ’s future growth in order to continue in their employment or affiliation with the Company or its Affiliatesfurther create a culture of ownership and excellence among all Associates which will ▇▇▇▇▇▇ teamwork and customer service.

Appears in 1 contract

Sources: Stock Option Program (Bank of America Corp /De/)

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders shareholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment Employment or affiliation with the Company or its Affiliates.

Appears in 1 contract

Sources: 2016 Omnibus Incentive Plan (Energy Hunter Resources, Inc.)