Oakland Michigan Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• Control #: US-CC-18-148
• Format: Word; Rich Text

Description

18-148 18-148 . . . Employee Stock Option Plan which recognizes eight levels of responsibility within corporation and which provides that each eligible employee shall receive stock option to purchase that number of shares of corporation common stock that is equal to number derived by dividing option value corresponding to his or her level of responsibility by initial grant price (fair market value on date of grant) according to schedule which ranges from technical and administrative personnel levels one through four with option values from $1,250 through $5,000 to Chief Executive Officer level eight with option value of $100,000. Options are exercisable for up to (a) 50% of shares covered by option at any time after corporation's gross revenues meet or exceed a 30% increase for each of two consecutive calendar years ending following grant of option and (b) 100% of shares covered by option at any time after corporation's gross revenues meet or exceed a 40% increase for each of two consecutive calendar years following grant of stock option Oakland Michigan Employee Stock Option Plan of Vivien, Inc. is a comprehensive and enticing compensation package designed to attract, motivate, and retain talented employees. This plan allows eligible employees of Vivien, Inc. who are based in Oakland, Michigan, to acquire stock options in the company. With its focus on employee ownership, the Oakland Michigan Employee Stock Option Plan creates an opportunity for employees to benefit financially from the company's success while aligning their interests with the long-term growth and profitability of Vivien, Inc. Under this stock option plan, eligible employees are granted the right to purchase a specified number of shares of Vivien, Inc. stock at a predetermined price, known as the exercise price. These options are typically awarded as a part of the employee's overall compensation package and serve as an additional incentive to perform at their best and contribute to the company's success. There are different types of stock options available within the Oakland Michigan Employee Stock Option Plan of Vivien, Inc. These include: 1. Non-Qualified Stock Options (SOS): SOS are the most commonly granted type of stock options. They offer flexibility in terms of exercise timing and are available to most employees, including executives, as well as non-executive staff. 2. Incentive Stock Options (SOS): SOS are a more tax-advantaged type of stock option. They are subject to specific requirements defined by the Internal Revenue Code and are often reserved for top executives and key employees. If the criteria are met, employees can potentially receive favorable tax treatment upon exercise and sale of the stock options. 3. Restricted Stock Units (RSS): RSS are another form of equity compensation offered by Vivien, Inc. through the Oakland Michigan Employee Stock Option Plan. Unlike stock options, RSS represent a promise to deliver shares of the company's stock at a specified future date. RSS often come with vesting periods and certain performance or time-based conditions. The Oakland Michigan Employee Stock Option Plan of Vivien, Inc. underscores the company's commitment to fostering a culture of performance, shared goals, and long-term growth. By offering various types of stock options, Vivien, Inc. aims to provide employees with viable pathways to participate in the company's financial success. Through the plan, employees in Oakland, Michigan, are empowered to become stakeholders and build their wealth alongside the company's prosperity.

Oakland Michigan Employee Stock Option Plan of Vivien, Inc. is a comprehensive and enticing compensation package designed to attract, motivate, and retain talented employees. This plan allows eligible employees of Vivien, Inc. who are based in Oakland, Michigan, to acquire stock options in the company. With its focus on employee ownership, the Oakland Michigan Employee Stock Option Plan creates an opportunity for employees to benefit financially from the company's success while aligning their interests with the long-term growth and profitability of Vivien, Inc. Under this stock option plan, eligible employees are granted the right to purchase a specified number of shares of Vivien, Inc. stock at a predetermined price, known as the exercise price. These options are typically awarded as a part of the employee's overall compensation package and serve as an additional incentive to perform at their best and contribute to the company's success. There are different types of stock options available within the Oakland Michigan Employee Stock Option Plan of Vivien, Inc. These include: 1. Non-Qualified Stock Options (SOS): SOS are the most commonly granted type of stock options. They offer flexibility in terms of exercise timing and are available to most employees, including executives, as well as non-executive staff. 2. Incentive Stock Options (SOS): SOS are a more tax-advantaged type of stock option. They are subject to specific requirements defined by the Internal Revenue Code and are often reserved for top executives and key employees. If the criteria are met, employees can potentially receive favorable tax treatment upon exercise and sale of the stock options. 3. Restricted Stock Units (RSS): RSS are another form of equity compensation offered by Vivien, Inc. through the Oakland Michigan Employee Stock Option Plan. Unlike stock options, RSS represent a promise to deliver shares of the company's stock at a specified future date. RSS often come with vesting periods and certain performance or time-based conditions. The Oakland Michigan Employee Stock Option Plan of Vivien, Inc. underscores the company's commitment to fostering a culture of performance, shared goals, and long-term growth. By offering various types of stock options, Vivien, Inc. aims to provide employees with viable pathways to participate in the company's financial success. Through the plan, employees in Oakland, Michigan, are empowered to become stakeholders and build their wealth alongside the company's prosperity.