Common use of Purposes of the Plan Clause in Contracts

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.

Appears in 5 contracts

Samples: Business Combination Agreement (HighCape Capital Acquisition Corp.), Business Combination Agreement (Longview Acquisition Corp.), Adoption Agreement (Gi Dynamics, Inc.)

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Purposes of the Plan. The Plan is intended to encourage ownership of Shares by Employees and directors Employees, 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.

Appears in 2 contracts

Samples: Stock Option Agreement (Orgenesis Inc.), Stock Option Agreement (Akari Therapeutics PLC)

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