Purposes of the Plan. The purposes of this 2002 Stock Plan are: • to attract and retain the best available personnel for positions of substantial responsibility, • to provide additional incentive to Employees, Directors 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. Stock Purchase Rights and Restricted Stock Units may also be granted under the Plan.
Appears in 2 contracts
Samples: Medtronic Inc, Medtronic Inc
Purposes of the Plan. The purposes of this 2002 2003 Stock Plan are: • to attract and retain the best available personnel for positions of substantial responsibility, • to provide additional incentive to Employees, Directors Employees and Consultants, and • to promote the success of the Company’s business. Options granted under The Plan permits the Plan may be grant of Incentive Stock Options or Options, Nonstatutory Stock Options, as determined by the Administrator at the time of grant. Stock Purchase Rights and Restricted Stock Units may also be granted under and Stock Appreciation Rights. In addition, the PlanPlan provides for automatic option grants to Independent Directors.
Appears in 2 contracts
Samples: Award Agreement (3com Corp), Award Agreement (3com Corp)