Alaska Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• 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 The Alaska Employee Stock Option Plan (ESOP) of Vivien, Inc. is an employee benefit program designed to support and reward the employees of the company through an ownership stake. Vivien, Inc. is a leading organization in Alaska, known for its innovation and commitment to employee well-being. The ESOP program at Vivien, Inc. provides employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. This allows employees to become shareholders and participate in the company's growth and success, while also aligning their interests with the organization's overall performance. The Alaska Employee Stock Option Plan offers several benefits to employees. Firstly, it fosters a sense of ownership and loyalty among the workforce, as employees have a vested interest in the company's profitability. Secondly, it serves as a long-term incentive, encouraging employees to stay with Vivien, Inc., since the value of their stock options increases over time. Additionally, the stock options allow employees to share in the company's financial success through capital appreciation. As Vivien, Inc. prospers, so do the employees who own company stocks through the ESOP program. This arrangement acts as a powerful motivation for employees to contribute their best work and collectively strive towards the company's objectives. The Alaska Employee Stock Option Plan of Vivien, Inc. offers different types of stock options to cater to varying employee needs. These options include: 1. Non-Qualified Stock Options (SOS): This type of stock option offers employees the flexibility to purchase company shares at a predetermined exercise price. SOS are often granted to executives, contractors, and other key personnel. 2. Incentive Stock Options (SOS): SOS provide certain tax advantages to employees by allowing them to purchase company stocks at a favorable price. However, specific requirements and holding periods must be met to enjoy these tax benefits. 3. Restricted Stock Units (RSS): RSS are a type of equity award that grants employees the right to company stocks, usually subject to certain vesting conditions. RSS are often used to retain and motivate top talent within the organization. Overall, the Alaska Employee Stock Option Plan of Vivien, Inc. serves as a valuable tool in attracting, retaining, and incentivizing talented individuals. It amplifies the sense of ownership and engagement among employees, leading to a harmonious work environment and contributing to the continual growth and success of Vivien, Inc.

The Alaska Employee Stock Option Plan (ESOP) of Vivien, Inc. is an employee benefit program designed to support and reward the employees of the company through an ownership stake. Vivien, Inc. is a leading organization in Alaska, known for its innovation and commitment to employee well-being. The ESOP program at Vivien, Inc. provides employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. This allows employees to become shareholders and participate in the company's growth and success, while also aligning their interests with the organization's overall performance. The Alaska Employee Stock Option Plan offers several benefits to employees. Firstly, it fosters a sense of ownership and loyalty among the workforce, as employees have a vested interest in the company's profitability. Secondly, it serves as a long-term incentive, encouraging employees to stay with Vivien, Inc., since the value of their stock options increases over time. Additionally, the stock options allow employees to share in the company's financial success through capital appreciation. As Vivien, Inc. prospers, so do the employees who own company stocks through the ESOP program. This arrangement acts as a powerful motivation for employees to contribute their best work and collectively strive towards the company's objectives. The Alaska Employee Stock Option Plan of Vivien, Inc. offers different types of stock options to cater to varying employee needs. These options include: 1. Non-Qualified Stock Options (SOS): This type of stock option offers employees the flexibility to purchase company shares at a predetermined exercise price. SOS are often granted to executives, contractors, and other key personnel. 2. Incentive Stock Options (SOS): SOS provide certain tax advantages to employees by allowing them to purchase company stocks at a favorable price. However, specific requirements and holding periods must be met to enjoy these tax benefits. 3. Restricted Stock Units (RSS): RSS are a type of equity award that grants employees the right to company stocks, usually subject to certain vesting conditions. RSS are often used to retain and motivate top talent within the organization. Overall, the Alaska Employee Stock Option Plan of Vivien, Inc. serves as a valuable tool in attracting, retaining, and incentivizing talented individuals. It amplifies the sense of ownership and engagement among employees, leading to a harmonious work environment and contributing to the continual growth and success of Vivien, Inc.