Purpose of Award Sample Clauses

Purpose of Award. The Award is intended to promote goodwill between the Participant and the Company and shall not be considered as salary or other remuneration for any employment or other services the Participant may perform for the Company or any of its affiliates. The Company’s grant of the Award does not confer any contractual or other rights of employment or service with the Company. Benefits granted under the Plan shall not be considered as part of the Participant’s salary in the event of severance, redundancy or resignation. Granting of the Award shall also not be construed as creating any right on the part of Participant to receive any additional benefits including awards in the future, it being expressly understood and agreed that any future awards shall be made solely at the discretion of the Company.
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Purpose of Award. The purpose of the Plan pursuant to which your shares of Dexia Restricted Stock have been awarded is to enable the Company to retain and attract executives and employees who will contribute to the Company’s success by their ability, ingenuity and industry, and to enable such executives and employees to participate in the long-term growth of the Company and Dexia by obtaining a proprietary interest in the Company or Dexia and/or the cash equivalent thereof.
Purpose of Award. The purpose of the Plan pursuant to which this award of Performance Shares has been granted is to enable the Company to retain and attract executives and employees who will contribute to the Company’s success by their ability, ingenuity and industry, and to enable such executives and employees to participate in the long-term growth of the Company and Dexia S. A. by obtaining a proprietary interest in the Company or Dexia S. A. and/or the cash equivalent thereof.
Purpose of Award. The purpose of this Award is to provide an inducement material to the Optionee entering into employment with the Company. This Award is intended to encourage ownership in the Company by an individual whose long-term employment or other service relationship with the Company is considered essential to the Company’s continued progress and, thereby, encourage the recipient to act in the shareholders’ interest and share in the Company’s success. This Award is intended to be exempt from the shareholder approval requirements pursuant to theinducement grant exception” provided by Rule 5635(c)(4) of the Nasdaq Listing Rules.
Purpose of Award. The purpose of this grant is for the general support of Grantee in providing funding for Grantee’s management organization that supports all of the charter schools operated by the Grantee in carrying out its charitable tax-exempt purposes (the “Project”). This Grant Award Agreement summarizes the terms and conditions pursuant to which the Grantor has awarded this grant to Grantee.
Purpose of Award. 1.1 Please summarise the intended improvement in healthcare that this research award will facilitate, what is the theory of change underpinning the project, and what do you anticipate learning from the project?
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Purpose of Award. Subject to terms and conditions set forth in this MOU, the YWCA agrees to employ funds awarded through this agreement to support increased vaccination for communities of color and, in turn, the County as a whole. This agreement authorizes YWCA to use Grant funds to achieve this objectives and expenses outlined in Article 3.
Purpose of Award. Subject to terms and conditions set forth in this MOU, the ProMedica Foundation agrees to employ funds awarded through this agreement to support its 2022 Summer Concert Series. This agreement authorizes the ProMedica Foundation to use Grant funds to achieve these objectives and expenses outlined in Article 3.
Purpose of Award. The Sub-Recipient, hereafter, referred to as the Recipient, will implement the activities and complete the reporting requirements outlined in Exhibit A (Statement of Objectives).
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