 Who designated Eligible Persons for participation in the Plan?
The purpose of the Plan is to provide Eligible Persons (as defined below) designated by the Committee (as defined below) for participation in the Plan with equity-based incentives to: (i) encourage such individuals to continue in the long-term service of the Company and its Affiliates, (ii) create in such individuals a more direct interest in the future success of the operations of the Company, (iii) attract outstanding individuals, and (iv) retain and motivate such individuals. The Plan is intended to provide Eligible Persons with the opportunity to acquire cash compensation related to the stock value of the Company and more closely align the compensation of such individuals with the interests of the Company’s stockholders.
Committee