Common use of Establishment and Purpose Clause in Contracts

Establishment and Purpose. The Plan was adopted by the Board of Directors effective March 11, 2005 (the “Effective Date”) and was most recently amended and restated on October 11, 2021. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), or stock appreciation rights.

Appears in 1 contract

Samples: 2005 Stock Incentive Plan (EGAIN Corp)

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Establishment and Purpose. The Plan was adopted by the Board of Directors on July 10, 2015, subject to and effective March 11upon approval by the Company’s shareholders on August 20, 2005 2015 (the “Effective Date”) and was most recently amended and restated on October 11, 2021). The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder shareholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder shareholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), or stock appreciation rightsrights or cash-based awards.

Appears in 1 contract

Samples: 2015 Stock Incentive Plan (Sigma Designs Inc)

Establishment and Purpose. The Plan was adopted by the Board of Directors on March 13, 2014, and shall be effective March 11upon approval by the stockholders at the annual meeting on May 1, 2005 2014 (the “Effective Date”) and was most recently amended and restated on October 11, 2021). The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Consultants and Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Consultants and Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Consultants and Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), ) or stock appreciation rights.

Appears in 1 contract

Samples: Stock Incentive Plan (Arc Document Solutions, Inc.)

Establishment and Purpose. The Plan was adopted by the Board of Directors effective March 11, 2005 (the “Effective Date”) and was most recently amended and restated on October 1112, 20212023. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), or stock appreciation rights.

Appears in 1 contract

Samples: 2005 Stock Incentive Plan (EGAIN Corp)

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Establishment and Purpose. The Plan was adopted by the Board of Directors effective March 11, 2005 (the “Effective Date”) and was most recently subsequently amended and restated on October 11September 10, 20212009 and on September 30, 2014. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), or stock appreciation rights.

Appears in 1 contract

Samples: 2005 Stock Incentive Plan (EGAIN Corp)

Establishment and Purpose. The Plan was adopted by the Board of Directors effective March 11, 2005 (the “Effective Date”) and was most recently amended and restated on October 11August 25, 2021. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), or stock appreciation rights.

Appears in 1 contract

Samples: 2005 Stock Incentive Plan (EGAIN Corp)

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