Colorado 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 Colorado Employee Stock Option Plan, also known as ESOP, is a beneficial program offered by Vivien, Inc. to its employees in the state of Colorado. This scheme is designed to provide employees with a chance to acquire ownership in the company through stock options. By participating in this plan, employees can be motivated, rewarded, and have a vested interest in the success of Vivien, Inc. Under the Colorado Employee Stock Option Plan, eligible employees are granted the opportunity to purchase a specified number of shares of the company's stock at a predetermined price, known as the exercise price. This price is often set at a discounted rate compared to the market value of the stock, making it an attractive opportunity for employees to invest in Vivien, Inc. The stock options granted to employees through this plan are subject to certain terms and conditions. The exercise period, which is the time frame during which employees can exercise their options, is determined by Vivien, Inc. Additionally, the vesting schedule specifies the length of time an employee must work for the company before their options fully vest. Vesting often occurs over a period of several years, providing incentives for long-term commitment to the company. Vivien, Inc. may offer different types of Colorado Employee Stock Option Plans, depending on the employee's position, tenure, or level of contribution. For instance, there could be different plans for executives, managers, or employees at various levels within the organization. These variations in the plans allow for customization, tailoring the benefits to meet the specific needs and goals of different employee groups within Vivien, Inc. The advantages of participating in the Colorado Employee Stock Option Plan are manifold. Firstly, employees have the potential to share in the company's growth and financial success, as the value of the stock can increase over time. Secondly, this program fosters a sense of ownership and loyalty among employees, leading to increased motivation and dedication. Lastly, stock options can provide a valuable financial benefit, as employees have the opportunity to purchase company stock at a discounted price. In conclusion, the Colorado Employee Stock Option Plan offered by Vivien, Inc. grants employees the chance to acquire ownership in the company through stock options. This plan motivates employees, rewards their dedication, and aligns their interests with the success of Vivien, Inc. Through various types and customization of the plan, employees at different levels can participate and benefit from this program. It is a valuable opportunity for employees to invest in the company's growth and financial well-being.

Colorado Employee Stock Option Plan, also known as ESOP, is a beneficial program offered by Vivien, Inc. to its employees in the state of Colorado. This scheme is designed to provide employees with a chance to acquire ownership in the company through stock options. By participating in this plan, employees can be motivated, rewarded, and have a vested interest in the success of Vivien, Inc. Under the Colorado Employee Stock Option Plan, eligible employees are granted the opportunity to purchase a specified number of shares of the company's stock at a predetermined price, known as the exercise price. This price is often set at a discounted rate compared to the market value of the stock, making it an attractive opportunity for employees to invest in Vivien, Inc. The stock options granted to employees through this plan are subject to certain terms and conditions. The exercise period, which is the time frame during which employees can exercise their options, is determined by Vivien, Inc. Additionally, the vesting schedule specifies the length of time an employee must work for the company before their options fully vest. Vesting often occurs over a period of several years, providing incentives for long-term commitment to the company. Vivien, Inc. may offer different types of Colorado Employee Stock Option Plans, depending on the employee's position, tenure, or level of contribution. For instance, there could be different plans for executives, managers, or employees at various levels within the organization. These variations in the plans allow for customization, tailoring the benefits to meet the specific needs and goals of different employee groups within Vivien, Inc. The advantages of participating in the Colorado Employee Stock Option Plan are manifold. Firstly, employees have the potential to share in the company's growth and financial success, as the value of the stock can increase over time. Secondly, this program fosters a sense of ownership and loyalty among employees, leading to increased motivation and dedication. Lastly, stock options can provide a valuable financial benefit, as employees have the opportunity to purchase company stock at a discounted price. In conclusion, the Colorado Employee Stock Option Plan offered by Vivien, Inc. grants employees the chance to acquire ownership in the company through stock options. This plan motivates employees, rewards their dedication, and aligns their interests with the success of Vivien, Inc. Through various types and customization of the plan, employees at different levels can participate and benefit from this program. It is a valuable opportunity for employees to invest in the company's growth and financial well-being.