Purposes of the Plan Sample Clauses

Purposes of the Plan. The Plan is intended to encourage ownership of Shares by Employees and directors of and certain Consultants to the Company and its Affiliates in order to attract and retain such people, to induce them to work for the benefit of the Company or of an Affiliate and to provide additional incentive for them to promote the success of the Company or of an Affiliate. The Plan provides for the granting of ISOs, Non-Qualified Options, Stock Grants and Stock-Based Awards.
Purposes of the Plan. The purposes of this 2017 Stock Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. Restricted Stock may also be granted under the Plan.
Purposes of the Plan. The purposes of the 2004 Stock Option Plan (the “Plan”) of ConforMIS, Inc., a Delaware corporation (the “Company”), are to:
Purposes of the Plan. (a) The Plan is offered by the Promoter to provide Educational Assistance Payments to the Beneficiary and to enable the Beneficiary to benefit from the Government Funded Benefits. The Plan does not allow for the payment to the Beneficiary unless the Beneficiary meets the prerequisites as set forth in paragraph 146.1(2)(g.1) of the Tax Act and otherwise in the Applicable Legislation. Contributions are not deductible by the Subscriber from income for tax purposes and are not taxable when returned to the Subscriber (or as the Subscriber may direct pursuant to subsection 7(b)). Provided that the Plan qualifies as a registered education savings plan under the Applicable Legislation, net income and net realized capital gains (including capital appreciation) earned on investments of Contributions and Government Funded Benefits will not be included in computing the Subscriber’s income. Educational Assistance Payments made, and Government Funded Benefits paid, to or on behalf of the Beneficiary are included in computing the Beneficiary’s income. However, where a Subscriber directs, pursuant to subsection 7(b) that part or all of the Contributions be paid to or on behalf of the Beneficiary, such payments are not included in computing the income of the Beneficiary.
Purposes of the Plan. The Plan is intended to advance the interests of the Company’s shareholders by enhancing the Company’s ability to attract new Employees who are expected to make important contributions to the Company and by providing such persons with equity ownership opportunities that are intended to better align the interests of such persons with those of the Company’s shareholders. The Plan provides for the granting of Non‑Qualified Options, Stock Grants and Stock-Based Awards. The Company intends that the Plan be reserved for persons to whom the Company may issue securities without shareholder approval as an inducement pursuant to Listing Rule 5635(c)(4) of the corporate governance rules of the Nasdaq Stock Market.
Purposes of the Plan. The purposes of this 2020 Token Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company’s business. Options, Restricted Tokens and Restricted Token Units may be granted under the Plan.
Purposes of the Plan. This paragraph shall be deleted in its entirety and replaced with the following: “This UK Sub-Plan to the EuroSite Power Inc. 2011 Stock Incentive Plan (the "Plan") is intended to provide incentives to the employees of EuroSite Power Inc., a Delaware corporation (the "Company"), EuroSite Power Limited and of any parent or subsidiary of the Company (a “Related Corporation”), by providing such employees with opportunities to purchase stock in the Company pursuant to options granted hereunder (“Options”) which is an option over stock in the Company that is neither an HM Revenue & Customs approved Company Share Option Plan option nor an Enterprise Management Incentive option (an “Unapproved Option”). Unapproved Options, are referred to hereafter individually as a “Stock Right” or "Stock Rights".”