Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of the Employer by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the Employer.

Appears in 5 contracts

Samples: Build a Bear Workshop Inc, Build a Bear Workshop Inc, Build a Bear Workshop Inc

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Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the EmployerCompany.

Appears in 3 contracts

Samples: Orchids Paper Products CO /DE, Gulfstream International Group Inc, Orchids Paper Products CO /DE

Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors directors, consultants, and consultants independent contractors and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that to better align the interests of the recipients will be better aligned with those of the EmployerCompany’s interests.

Appears in 2 contracts

Samples: Stock Incentive Plan (Endostim, Inc.), Stock Incentive Plan (Endostim, Inc.)

Purpose of the Plan. The purpose of the Plan is to provide aid the Company with a means to assist and its Subsidiaries in recruiting, securing and retaining and rewarding certain employees, directors and consultants employees of outstanding ability and to motivate such individuals employees to exert their best efforts on behalf of the Employer Company and its Subsidiaries by providing incentives through the granting of Awards. By granting Awards to such individuals, the The Company expects that it will benefit from the interests added interest which such employees will have in the welfare of the recipients will be better aligned with those Company as a result of their proprietary interest in the EmployerCompany's success.

Appears in 1 contract

Samples: Distribution Agreement (Ims Health Inc)

Purpose of the Plan. The purpose of the Plan is to provide an incentive for executives and other key personnel who are in a position to contribute materially to the Company with a means success of the Company; to assist in recruiting, retaining and rewarding certain employees, directors and consultants reward accomplishment on their part; and to motivate such individuals to exert their best efforts on behalf aid in attracting and holding executives of the Employer by providing incentives through caliber necessary for the granting of Awards. By granting Awards to such individuals, the Company expects that the interests continued growth and profitability of the recipients will be better aligned with those of the EmployerCompany.

Appears in 1 contract

Samples: Supplemental Agreement

Purpose of the Plan. The purpose of the this Plan is to provide the Company with a means to assist in recruitingattract, retaining retain and rewarding certain motivate officers, employees, and non-employee directors and consultants providing services to the Company, any of its Subsidiaries, or Affiliates and to motivate such individuals to exert their best efforts on behalf promote the success of the Employer Company’s business by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests participants of the recipients will be better aligned Plan with those of the Employerappropriate incentives.

Appears in 1 contract

Samples: Waiver and Release Agreement

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Purpose of the Plan. The purpose of the Plan is to provide the Company with a means to assist in recruiting, retaining retaining, and rewarding certain employees, directors directors, consultants, and consultants other individuals providing services to the Company and to motivate such individuals to exert their best efforts on behalf of the Employer Company by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the interests of the recipients will be better aligned with those of the EmployerCompany by providing recipients with a proprietary interest in the growth and performance of the Company.

Appears in 1 contract

Samples: Stereotaxis, Inc.

Purpose of the Plan. The purpose of the Plan is to enable the Corporation and its subsidiaries to attract and retain highly qualified Employees, Consultants, and Non-Employee Directors, and additionally to provide key Employees who hold positions of major responsibility the Company opportunity to earn incentive awards commensurate with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf the quality of the Employer by providing incentives through the granting of Awards. By granting Awards to such individualsindividual performance, the Company expects that achievement of performance goals and ultimately the interests of the recipients will be better aligned with those of the Employerincrease in shareowner value.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar International Corp)

Purpose of the Plan. The purpose of the Plan is to provide promote the success and enhance the value of the Company with a means to assist in recruiting, retaining and rewarding certain employees, directors and consultants and to motivate such individuals to exert their best efforts on behalf of by linking the Employer by providing incentives through the granting of Awards. By granting Awards to such individuals, the Company expects that the personal interests of the recipients will be better aligned with Participants to those of the EmployerCompany's shareholders, and by providing Participants with an incentive for outstanding performance. The Plan is further intended to enhance the Company's ability to motivate, attract, and retain the services of Participants upon whose judgment, interest, and special effort the successful conduct of its operation is largely dependent.

Appears in 1 contract

Samples: ir.aksteel.com

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