Georgia 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 Georgia Employee Stock Option Plan (ESOP) is a key part of the employee benefits package offered by Vivien, Inc. Based in Georgia, the company provides employees with valuable stock options as a means to incentivize and reward their hard work and dedication. Under this plan, Vivien, Inc. enables its Georgia-based employees to purchase company stock at a predetermined price, known as the exercise or strike price. The stock options granted to employees can be exercised after a specific period or upon meeting certain vesting requirements, which may include completing a predetermined duration of service with the company. The Georgia Employee Stock Option Plan plays a crucial role in aligning the interests of employees with the company's overall success. By giving employees an opportunity to become partial owners of the company, Vivien, Inc. aims to boost employee morale and productivity, while fostering a sense of ownership and loyalty towards the organization. There are two main types of Georgia Employee Stock Option Plans offered by Vivien, Inc., namely Incentive Stock Options (ISO) and Non-Qualified Stock Options (SOS). 1. Incentive Stock Options (ISO): These stock options are typically offered to key employees and carry certain tax advantages. SOS usually have strict eligibility criteria and are subject to specific holding periods before they can be exercised. Employees can potentially enjoy favorable tax treatment upon the sale of the stock acquired through exercising SOS. 2. Non-Qualified Stock Options (SOS): Unlike SOS, SOS do not offer the same tax advantages and are more flexible in terms of eligibility and exercise conditions. SOS are generally granted to a broader range of employees, including executives, as a part of their compensation package. The spread between the exercise price and the fair market value of the stock upon exercise is subject to ordinary income tax. Vivien, Inc. diligently communicates the details of the Georgia Employee Stock Option Plans to its employees, providing them with information about eligibility, exercise periods, vesting schedules, and any other relevant provisions. The company also offers educational resources and workshops to help employees understand the potential benefits and implications of participating in the stock option plan. Overall, Georgia Employee Stock Option Plan of Vivien, Inc. is a valuable tool that not only attracts and retains top talent but also fosters a sense of ownership, engagement, and long-term commitment among its Georgia-based employees.

Georgia Employee Stock Option Plan (ESOP) is a key part of the employee benefits package offered by Vivien, Inc. Based in Georgia, the company provides employees with valuable stock options as a means to incentivize and reward their hard work and dedication. Under this plan, Vivien, Inc. enables its Georgia-based employees to purchase company stock at a predetermined price, known as the exercise or strike price. The stock options granted to employees can be exercised after a specific period or upon meeting certain vesting requirements, which may include completing a predetermined duration of service with the company. The Georgia Employee Stock Option Plan plays a crucial role in aligning the interests of employees with the company's overall success. By giving employees an opportunity to become partial owners of the company, Vivien, Inc. aims to boost employee morale and productivity, while fostering a sense of ownership and loyalty towards the organization. There are two main types of Georgia Employee Stock Option Plans offered by Vivien, Inc., namely Incentive Stock Options (ISO) and Non-Qualified Stock Options (SOS). 1. Incentive Stock Options (ISO): These stock options are typically offered to key employees and carry certain tax advantages. SOS usually have strict eligibility criteria and are subject to specific holding periods before they can be exercised. Employees can potentially enjoy favorable tax treatment upon the sale of the stock acquired through exercising SOS. 2. Non-Qualified Stock Options (SOS): Unlike SOS, SOS do not offer the same tax advantages and are more flexible in terms of eligibility and exercise conditions. SOS are generally granted to a broader range of employees, including executives, as a part of their compensation package. The spread between the exercise price and the fair market value of the stock upon exercise is subject to ordinary income tax. Vivien, Inc. diligently communicates the details of the Georgia Employee Stock Option Plans to its employees, providing them with information about eligibility, exercise periods, vesting schedules, and any other relevant provisions. The company also offers educational resources and workshops to help employees understand the potential benefits and implications of participating in the stock option plan. Overall, Georgia Employee Stock Option Plan of Vivien, Inc. is a valuable tool that not only attracts and retains top talent but also fosters a sense of ownership, engagement, and long-term commitment among its Georgia-based employees.