SCUR » Topics » Purpose

This excerpt taken from the SCUR DEF 14A filed Apr 3, 2008.

Purpose

 

The Purchase Plan was approved by the Board of Directors on March 15, 1996, and by the stockholders on May 1, 1996. The Purchase Plan was amended and restated effective October 23, 2007. The purpose of the Purchase Plan is to provide eligible employees with an opportunity to acquire a proprietary interest in the Company through the purchase of its common stock and, thus, to develop a stronger incentive to work for our continued success. As an Internet security software company, competition to attract and retain employees with our competitors is intense. The Purchase Plan is an employee stock purchase plan under Section 423(b) of the Code.

 

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This excerpt taken from the SCUR DEF 14A filed Mar 26, 2007.

Purpose

 

The purpose of the 2000 Stock Plan is to encourage stock ownership by officers and other key employees of Secure Computing and of its subsidiaries, to provide them with a proprietary interest or to increase their proprietary interest in Secure Computing’s success and to encourage them to remain in the employ of Secure Computing or any of its subsidiaries. As an Internet security software company, competition to attract and retain employees with our competitors is intense. Therefore, competitive compensation arrangements including maintaining an adequate pool of stock options and stock awards to attract and retain employees is essential for our success.

 

This excerpt taken from the SCUR 10-K filed Mar 16, 2007.

I. PURPOSE.

 

CipherTrust, Inc. (“Company”) 2000 Stock Option Plan is intended to encourage stock ownership by officers and other key employees of the Company and of its subsidiaries, to provide them with a proprietary interest or to increase their proprietary interest in the Company’s success and/or to encourage them to remain in the employ of the Company or any of its subsidiaries.

 

This excerpt taken from the SCUR DEF 14A filed Mar 31, 2006.

Purpose

 

The purpose of the Audit Committee (the “Committee”) of the board of directors (the “Board”) of Secure Computing Corporation (the “Company”) is to oversee the accounting and financial reporting processes of the Company and audits of its financial statements and the effectiveness of the Company’s internal control over financial reporting. Notwithstanding the foregoing, however, the Committee is not responsible for planning or conducting audits, or determining whether the Company’s financial statements are complete and accurate or in accordance with generally accepted accounting principles.

 

This excerpt taken from the SCUR DEF 14A filed Mar 28, 2005.

Purpose

 

The purpose of the 2002 Stock Option Plan is to motivate and retain key personnel, including non-employee directors, to produce a superior return to our stockholders by offering such personnel an opportunity to realize stock appreciation, by facilitating stock ownership, and by rewarding them for achieving a high level of corporate financial performance. As an Internet security software company, competition to attract and retain employees with our competitors is intense. Therefore, competitive compensation arrangements including maintaining an adequate pool of stock options to attract and retain employees and directors is essential for our success.

 

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