Arkansas 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 Arkansas Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive incentive program designed to reward and motivate employees by granting them the opportunity to purchase company stock options. This plan allows eligible employees to acquire ownership in the company, aligning their interests with those of Vivien and fostering a sense of ownership and commitment. Under the Arkansas ESOP, employees are granted stock options at predetermined prices, known as the exercise price. These options usually have a vesting period, ensuring that employees remain with the company for a specific duration before they can exercise their options. Once vested, employees can exercise their options by purchasing company stock at the exercise price, thereby becoming shareholders of Vivien. The Arkansas ESOP offers various types of stock option plans to cater to the specific needs and goals of employees. Some types of stock option plans available in this program include: 1. Non-Qualified Stock Options (Nests): This type of stock option plan provides employees with the opportunity to purchase company stock at a predetermined price. Nests are typically more flexible and allow employees to exercise their options at any time within a specified timeframe. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan offered by Vivien. These options have certain tax advantages, as they may qualify for preferential tax treatment if specific conditions under the Internal Revenue Code are met. Employees can exercise SOS within a specific timeframe, usually after meeting a predetermined service period. 3. Restricted Stock Units (RSS): In addition to stock options, Vivien also offers RSS as part of its Arkansas ESOP. RSS are essentially an offer of company stock, granted to employees that vest over a predetermined period. Upon vesting, RSS are converted into actual shares of Vivien stock, providing employees with an ownership stake in the company. 4. Performance Stock Units (Plus): This type of stock option plan rewards employees based on the achievement of predetermined performance goals. Plus provide employees with the opportunity to obtain company stock once specific targets are met. The vesting and exercise of Plus depend on the performance metric set by Vivien. The Arkansas Employee Stock Option Plan of Vivien, Inc. serves as a powerful tool to attract, retain, and motivate talented employees by linking their financial success to the growth and success of the company. By offering a range of stock option plans, Vivien ensures that employees have flexibility and choice in aligning their interests with the company's goals.

The Arkansas Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive incentive program designed to reward and motivate employees by granting them the opportunity to purchase company stock options. This plan allows eligible employees to acquire ownership in the company, aligning their interests with those of Vivien and fostering a sense of ownership and commitment. Under the Arkansas ESOP, employees are granted stock options at predetermined prices, known as the exercise price. These options usually have a vesting period, ensuring that employees remain with the company for a specific duration before they can exercise their options. Once vested, employees can exercise their options by purchasing company stock at the exercise price, thereby becoming shareholders of Vivien. The Arkansas ESOP offers various types of stock option plans to cater to the specific needs and goals of employees. Some types of stock option plans available in this program include: 1. Non-Qualified Stock Options (Nests): This type of stock option plan provides employees with the opportunity to purchase company stock at a predetermined price. Nests are typically more flexible and allow employees to exercise their options at any time within a specified timeframe. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan offered by Vivien. These options have certain tax advantages, as they may qualify for preferential tax treatment if specific conditions under the Internal Revenue Code are met. Employees can exercise SOS within a specific timeframe, usually after meeting a predetermined service period. 3. Restricted Stock Units (RSS): In addition to stock options, Vivien also offers RSS as part of its Arkansas ESOP. RSS are essentially an offer of company stock, granted to employees that vest over a predetermined period. Upon vesting, RSS are converted into actual shares of Vivien stock, providing employees with an ownership stake in the company. 4. Performance Stock Units (Plus): This type of stock option plan rewards employees based on the achievement of predetermined performance goals. Plus provide employees with the opportunity to obtain company stock once specific targets are met. The vesting and exercise of Plus depend on the performance metric set by Vivien. The Arkansas Employee Stock Option Plan of Vivien, Inc. serves as a powerful tool to attract, retain, and motivate talented employees by linking their financial success to the growth and success of the company. By offering a range of stock option plans, Vivien ensures that employees have flexibility and choice in aligning their interests with the company's goals.