Common use of Purpose of the Plan Clause in Contracts

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.

Appears in 15 contracts

Samples: Award Agreement (Supermedia Inc.), Independence Contract (Independence Contract Drilling, Inc.), Rex Energy Corp

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Purpose of the Plan. The purpose of the Plan is to promote the success, and enhance the value, of the Company by aligning the interests of Participants with those of the Company’s shareholders, and by providing Participants with an incentive for outstanding performance. The Plan is further intended to advance provide flexibility to the best interests Company in its ability to motivate, attract, and retain the services of outstanding individuals, upon whose judgment, interest, and special effort the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth success 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 Affiliateslargely is dependent.

Appears in 5 contracts

Samples: Award Agreement (Central Garden & Pet Co), Central Garden & Pet Co, Central Garden & Pet Co

Purpose of the Plan. The Plan is intended to advance the best interests of the Companyattract, its Affiliates motivate, and its stockholders by providing those persons who have substantial responsibility for the management and growth retain (a) employees of the Company and its Affiliates Affiliates, (b) consultants who provide significant services to the Company and its Affiliates, and (c) directors of the Company who are employees of neither the Company nor any Affiliate. The Plan also is designed to encourage stock ownership by Participants, thereby aligning their interests with additional performance incentives and an opportunity to obtain or increase their proprietary interest in those of the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates’s shareholders.

Appears in 4 contracts

Samples: Equity Incentive Plan (Cell Therapeutics Inc), Award Agreement (Cell Therapeutics Inc), Award Agreement (Palmsource Inc)

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders 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 ownership in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its AffiliatesCompany.

Appears in 1 contract

Samples: Ballantyne Strong, Inc.

Purpose of the Plan. The purpose of 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 shareholders by giving substantially all Associates of the Company and an opportunity to obtain or increase their proprietary interest its Subsidiaries a stake in the Company, thereby encouraging them 's future growth in order to continue in their employment or affiliation with the Company or its Affiliatesfurther create a culture of ownership and excellence among all Associates which will foster teamwork and custoxxx xxrvice.

Appears in 1 contract

Samples: Bankamerica Corp/De/

Purpose of the Plan. The purpose of the Plan is to reward key managers and other employees of the Company and its Affiliates by enabling them to receive compensation based on the increase in value of the common stock of the Company. 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 Companyincentives, thereby encouraging them to continue in their employment or affiliation with the Company or and its Affiliates.

Appears in 1 contract

Samples: Tesoro Corp /New/

Purpose of the Plan. The purpose of 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 shareholders by giving substantially all Associates of the Company and an opportunity to obtain or increase their proprietary interest its Subsidiaries a stake in the Company, thereby encouraging them ’s future growth in order to continue in their employment or affiliation with the Company or its Affiliatesfurther create a culture of ownership and excellence among all Associates which will xxxxxx teamwork and customer service.

Appears in 1 contract

Samples: Bank of America Corp /De/

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Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders shareholders 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 Employment or affiliation with the Company or its Affiliates.

Appears in 1 contract

Samples: Energy Hunter Resources, Inc.

Purpose of the Plan. The purpose of 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 an opportunity for ownership of the management stock of the Company by employees, agents and growth of directors of, and advisors and consultants to, the Company and its Affiliates with additional performance incentives and subsidiaries, as defined below. By providing an opportunity to obtain or increase their proprietary interest in the Companyfor such stock ownership, thereby encouraging them to continue in their employment or affiliation with the Company or seeks to attract and retain such qualified personnel, and otherwise to provide additional incentive for optionees to promote the success of its Affiliatesbusiness.

Appears in 1 contract

Samples: Intercell International Corp

Purpose of the Plan. The purpose of the Plan is intended to advance enable the Company and its subsidiaries to attract and retain the services of selected directors, officers, employees, agents, consultants, advisers, persons involved in the sale or distribution of the Company’s products and independent contractors, and to encourage them to extend their best interests efforts on behalf 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 giving such individuals an opportunity to obtain or increase their proprietary interest participate in the ownership of the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Fei Co)

Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders shareholders 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.

Appears in 1 contract

Samples: Weatherford International LTD

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