Common use of Purpose of Option Clause in Contracts

Purpose of Option. The purpose of the Plan under which this non-incentive stock option has been granted is to further the growth and development of the Company and its subsidiaries by encouraging key employees, directors, consultants, agents, independent contractors and other persons who contribute and are expected to contribute materially to the Company's success to obtain a proprietary interest in the Company through the ownership of stock, thereby providing such persons with an added incentive to promote the best interests of the Company, and affording the Company a means of attracting to its service persons of outstanding ability.

Appears in 26 contracts

Samples: Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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Purpose of Option. The purpose of the 2004 Plan under which this non-incentive stock option has been granted is to further the growth and development of the Company and its direct and indirect subsidiaries by encouraging key employees, directors, consultants, agents, independent contractors and other persons selected employees (including officers) who contribute and are expected to contribute materially to the Company's success to obtain a proprietary interest in the Company through the ownership of stock, thereby providing such persons with an added incentive to promote the best interests of the Company, and affording the Company a means of attracting to its service persons of outstanding ability.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Delcath Systems Inc), Delcath Systems Inc

Purpose of Option. The purpose of the Plan under which this non-incentive stock option has been granted is to further the growth and development of the Company and its subsidiaries by encouraging key employees, directors, consultants, agents, independent contractors and other persons who contribute and are expected to contribute materially to the Company's success to obtain a proprietary interest in the Company through the ownership of stock, thereby providing such persons with an added incentive to promote the best interests of the Company, and affording the Company a means of attracting to its service persons of outstanding ability.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Nexell Therapeutics Inc), Incentive Stock Option Agreement (Nexell Therapeutics Inc)

Purpose of Option. The purpose of the Plan under which this non-incentive stock option has been granted is to further the growth and development of the Company and its subsidiaries by encouraging key employees, directors, consultants, agents, independent contractors and other persons who contribute and are expected to contribute materially to employees of the Company's success Company to obtain a proprietary interest in the Company through the ownership of stock, thereby providing such persons employees with an added incentive to continue in the employ and to promote the best interests success of the Company, and affording the Company a means of attracting to its service persons employees of outstanding ability.

Appears in 2 contracts

Samples: Stock Option Agreement (Logimetrics Inc), Logimetrics Inc

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Purpose of Option. The purpose of the 2007 Plan under which this nonNon-incentive stock option Qualified Stock Option has been granted is to further the growth encourage selected employees, directors and development consultants to improve operations and increase profits of the Company and to accept or continue employment or association with the Company and/or its subsidiaries by encouraging key affiliates. It also seeks to increase the interest of selected employees, directors, consultants, agents, independent contractors directors and other persons who contribute and are expected to contribute materially to consultants in the Company's success to obtain a proprietary interest ’s welfare through share participation in the Company through growth in value of the ownership of stock, thereby providing such persons with an added incentive to promote the best interests common stock of the Company, and affording the Company a means of attracting to its service persons of outstanding ability.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Indigo-Energy, Inc.)

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