GVHR » Topics » Purpose of the Plan

This excerpt taken from the GVHR DEF 14A filed Apr 17, 2008.

Purpose of the Plan

        The Plan is intended to: (a) provide incentive to officers, employees, directors, consultants and other service providers of the Company to stimulate their efforts toward the continued success of the Company and to operate and manage the business in a manner that will provide for the long-term growth and profitability of the Company; (b) encourage stock ownership by such persons by providing them with a means to acquire a proprietary interest in the Company, acquire shares of Stock, or to receive compensation which is based upon appreciation in the value of Stock; (c) align the long-term interests of such persons with those of shareholders; (d) heighten the desire of such persons to continue in working toward and contributing to the success of the Company; (e) assist the Company in competing effectively with other enterprises for the services of new employees necessary for the continued improvement of operations; and (f) to attract and retain qualified individuals for service as directors of the Company. The Plan will allow Gevity, under the direction of the compensation committee, to make broad-based grants of Options, Stock Awards, Performance Units, Stock Appreciation Rights, Phantom Shares and Dividend Equivalent Rights, each of which shall be subject to such conditions based upon continued employment, passage of time or satisfaction of performance criteria as permitted by the Plan.

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