Background and Purpose of the Program Sample Clauses

Background and Purpose of the Program. The name of this program is the SXXXXXX MXXXXX XXXXXX GROUP INC. CAPITAL INCENTIVE PROGRAM (the “Program”). The Program is an amendment and restatement, effective as of November 1, 2001, of the “Pinnacle Global Group, Inc. Capital Incentive Program” which was originally effective January 1, 2001. The Program was amended and restated to (i) reflect the change in the name of the sponsoring employer from Pinnacle Global Group, Inc. to Sxxxxxx Mxxxxx Xxxxxx Group Inc. and (ii) allow participation in the Program by Consultants. The Program permits the grants of Restricted Stock Awards to key Employees and Consultants. The Program was adopted by the Committee and being made available pursuant to the authority granted to the Committee under the Pinnacle Global Group, Inc. 1998 Incentive Plan, as it may be amended from time to time (the “Plan”), particularly Section 3 of the Plan, “Restricted Stock,” which Plan is incorporated by reference herein in its entirety. The purpose of the Program is to enable Sxxxxxx Mxxxxx Xxxxxx Group Inc. (the “Company”) and its Subsidiaries to attract, retain and motivate key Employees and Consultants to compensate them for their contributions to the growth and profits of the Company, and to encourage their ownership of Common Stock in the Company. The Program provides incentives to participating Employees and Consultants which are linked directly to increases in stockholder value and should, therefore, inure to the benefit of the stockholders of the Company.
Sample 1
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Related to Background and Purpose of the Program

  • 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.

  • Purpose of the Agreement The purpose of this Agreement is to advance the interests of the Company by providing the Executive with an assurance of equitable treatment, in terms of compensation and economic security, in the event of an acquisition or other Change in Control of the Company. An assurance of equitable treatment will enable the Executive to maintain productivity and focus during a period of significant uncertainty that is inherent in an acquisition or other Change in Control. Further, the Company believes that agreements of this kind will aid it in attracting and retaining the highly qualified, high performing professionals who are essential to its success.

  • Purpose of Consultation Procedure The purpose of the consultation procedure is to endeavor to resolve any failure to meet the provisions of the Service Level Agreement. If a consultation occurs under this Section V, all parties must negotiate in good faith to endeavor to:

  • PURPOSE OF THIS AGREEMENT The purpose of this Agreement is as follows:

  • Purpose of the Company The purpose of the Company shall be to engage or participate in any lawful business activities in which a limited liability company formed in the State of Delaware may engage or participate.

  • IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account. When the Company opens an Account the Bank will ask for the depositor's name, address and other information that will allow the Bank to identify the depositor. The Bank may also ask to see other documents that substantiate the depositor's identity.

  • Purpose of Agreement I understand that the Company is engaged in a continuous program of research, development, production and marketing in connection with its business and that it is critical for the Company to preserve and protect its “Proprietary Information” (as defined in Section 7 below), its rights in “Inventions” (as defined in Section 2 below) and in all related intellectual property rights. Accordingly, I am entering into this Employee Invention Assignment and Confidentiality Agreement (this “Agreement”) as a condition of my employment with the Company, whether or not I am expected to create inventions of value for the Company.

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

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  • Performance of Services in Accordance with Regulatory Requirements; Furnishing of Books and Records In performing the services set forth in this Agreement, the Manager:

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