Delaware 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 Delaware Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to incentivize and reward employees of the company by granting them stock options. As a Delaware-based company, Vivien, Inc. adheres to the regulations and guidelines set forth by the state for such employee benefit plans. The stock option plan at Vivien, Inc. allows eligible employees to purchase company stocks at a predetermined price, known as the exercise price. This gives employees the opportunity to acquire an ownership stake in the company, aligning their interests with the overall success and growth of Vivien, Inc. One type of Delaware Employee Stock Option Plan offered by Vivien, Inc. is the non-qualified stock option plan. This plan provides flexibility in granting stock options to employees. It offers the ability to set different exercise prices and vesting schedules based on individual employee roles and contributions. Non-qualified stock options may be granted to employees at any level within the company. Another type of Delaware Employee Stock Option Plan that Vivien, Inc. may offer is an incentive stock option plan. This plan, subject to specific legal requirements and limitations, provides certain tax advantages to eligible employees. Incentive stock options are typically granted to key employees and executives, encouraging their long-term commitment and dedication to the company's success. The Delaware Employee Stock Option Plan at Vivien, Inc. is a valuable employee benefit program, allowing employees to participate in the company's growth and potentially share in its success. By aligning the interests of employees with those of the company, this plan fosters loyalty, motivation, and encourages a sense of ownership and pride in contributing to Vivien, Inc.'s progress. Keywords: Delaware Employee Stock Option Plan, Vivien, Inc., stock options, exercise price, ownership stake, incentivize, reward, regulations, guidelines, non-qualified stock option plan, incentive stock option plan, eligibility, employee benefit program.

Delaware Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to incentivize and reward employees of the company by granting them stock options. As a Delaware-based company, Vivien, Inc. adheres to the regulations and guidelines set forth by the state for such employee benefit plans. The stock option plan at Vivien, Inc. allows eligible employees to purchase company stocks at a predetermined price, known as the exercise price. This gives employees the opportunity to acquire an ownership stake in the company, aligning their interests with the overall success and growth of Vivien, Inc. One type of Delaware Employee Stock Option Plan offered by Vivien, Inc. is the non-qualified stock option plan. This plan provides flexibility in granting stock options to employees. It offers the ability to set different exercise prices and vesting schedules based on individual employee roles and contributions. Non-qualified stock options may be granted to employees at any level within the company. Another type of Delaware Employee Stock Option Plan that Vivien, Inc. may offer is an incentive stock option plan. This plan, subject to specific legal requirements and limitations, provides certain tax advantages to eligible employees. Incentive stock options are typically granted to key employees and executives, encouraging their long-term commitment and dedication to the company's success. The Delaware Employee Stock Option Plan at Vivien, Inc. is a valuable employee benefit program, allowing employees to participate in the company's growth and potentially share in its success. By aligning the interests of employees with those of the company, this plan fosters loyalty, motivation, and encourages a sense of ownership and pride in contributing to Vivien, Inc.'s progress. Keywords: Delaware Employee Stock Option Plan, Vivien, Inc., stock options, exercise price, ownership stake, incentivize, reward, regulations, guidelines, non-qualified stock option plan, incentive stock option plan, eligibility, employee benefit program.