Common use of Purpose of the Program Clause in Contracts

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 September 26, 2016, to advance the Company’s growth and prosperity by providing long-term financial incentives to its Directors, and to further the Company’s philosophy of equity ownership by the Company’s Directors in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Four Year Discretionary Director 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 September 26May 19, 20162015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its Directorskey employees, and to further the Company’s philosophy of equity ownership by the Company’s Directors officers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Four Three 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 September 26May 19, 20162015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its Directorskey employees, and to further the Company’s philosophy of equity ownership by the Company’s Directors 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 September 26May 19, 20162015, to advance the Company’s growth and prosperity by providing long-term financial incentives to its Directorskey employees, and to further the Company’s philosophy of equity ownership by the Company’s Directors 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 September 26January 21, 2016, to advance the Company’s growth and prosperity by providing long-term financial incentives to its Directors, and to further the Company’s philosophy of equity ownership by the Company’s Directors in accordance with the Company’s Equity Ownership Guidelines.