Common use of Purpose of the Program Clause in Contracts

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2020 Sypris Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these terms, to provide long-term financial incentives to its key employees, and to further the Company’s philosophy of equity ownership by the Company’s officers.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or the “Program”) under the 2020 Sypris Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these terms, terms to provide advance the Company’s growth and prosperity by providing long-term financial incentives to its key employees, and to further the Company’s philosophy of equity ownership by the Company’s officersofficers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2020 2004 Sypris Omnibus Equity Plan (“Plan”) shall be effective for all Awards incorporating these termsTerms on or after February 25, 2009, to provide advance the Company’s growth and prosperity by providing long-term financial incentives to its key employeesexecutives, and to further the Company’s philosophy of equity ownership by the Company’s officers.officers in accordance with the Company’s Equity Ownership Guidelines. [

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2020 2004 Sypris Omnibus Equity Plan (“Plan”) shall be effective for all Awards incorporating these termsTerms on or after July 1, 2005, to provide advance the Company’s growth and prosperity by providing long-term financial incentives to its key employeesexecutives, and to further the Company’s philosophy of equity ownership by the Company’s officersofficers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2020 2004 Sypris Omnibus Equity Plan (“Plan”) shall be effective for all Awards incorporating these termsTerms on or after February 25, 2009, to provide advance the Company’s growth and prosperity by providing long-term financial incentives to its key employeesexecutives, and to further the Company’s philosophy of equity ownership by the Company’s officersofficers in accordance with the Company’s Equity Ownership Guidelines.

Purpose of the Program. The Company’s Executive Long-Term Incentive Program (“ELTIP” or “Program”) under the 2020 2015 Sypris Omnibus Plan (“Plan”) shall be effective for all Awards incorporating these terms, terms to provide advance the Company’s growth and prosperity by providing long-term financial incentives to its key employees, and to further the Company’s philosophy of equity ownership by the Company’s officersofficers in accordance with the Company’s Equity Ownership Guidelines.