Georgia Employee Stock Option Plan of Manugistics Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-155E
• Format: Word; Rich Text

Description

18-155E 18-155E . . . Employee Stock Option Plan which (a) includes "pro rata" vesting (which occurs 25% per year for each of four years), (b) allows any employee who is terminated to exercise his or her options, to extent then exercisable, within 30 days following notice of such termination, and (c) provides for automatic grants to employees on date of employment or upon attainment of certain levels of responsibility in addition to discretionary grants as determined by committee, and requires optionees to agree to be bound by confidentiality agreement as condition of their acceptance of an option Georgia Employee Stock Option Plan (AESOP) is a special employee benefit program designed and offered by Linguistics Group, Inc., a leading provider of supply chain management software solutions. This stock option plan is specifically tailored for employees residing in the state of Georgia, United States. Under the Georgia Employee Stock Option Plan, employees of Linguistics Group, Inc. are given the opportunity to purchase company stock at a predetermined price within a specific time frame. This stock option program serves as a tool to incentivize and reward employees for their contributions to the company's success and to align their interests with those of shareholders. The AESOP program provides various types of stock options to eligible employees, including: 1. Non-Qualified Stock Options (Nests): Non-Qualified Stock Options are the most common type of stock options offered under AESOP. Employees granted Nests have the flexibility to exercise their options anytime during the predetermined exercise period. Upon exercising these options, employees can purchase company shares at a pre-determined exercise price, which is typically set at the fair market value of the stock on the grant date. The difference between the exercise price and the stock's current market value represents the employee's potential gain. 2. Incentive Stock Options (SOS): In addition to Nests, Linguistics Group, Inc. may also offer Incentive Stock Options under the AESOP program. SOS are subject to specific criteria set forth by the Internal Revenue Service (IRS) and are governed by certain tax advantages. Employees who are granted SOS can purchase company stock at a predetermined exercise price, typically lower than the fair market value, after a specified vesting period. To take full advantage of the tax benefits associated with SOS, employees must hold the purchased shares for a qualifying period. 3. Restricted Stock Units (RSS): Another component of the AESOP is the offering of Restricted Stock Units. RSS represents a promise by Linguistics Group, Inc. to issue a predetermined number of shares of company stock to eligible employees at a future date. These units are subject to vesting, which means employees must satisfy certain service or performance-related conditions before being able to receive the shares. RSS may also have further restrictions on shares, such as holding requirements, transfer restrictions, or forfeiture provisions. It's important to note that the specifics of Linguistics Group, Inc.'s AESOP may vary, as employee stock option plans can be tailored to the requirements and objectives of individual companies. Furthermore, employees are advised to carefully review the plan documents and consult with financial or tax advisors to fully understand the details, tax implications, and potential risks associated with the different types of stock options offered.

Georgia Employee Stock Option Plan (AESOP) is a special employee benefit program designed and offered by Linguistics Group, Inc., a leading provider of supply chain management software solutions. This stock option plan is specifically tailored for employees residing in the state of Georgia, United States. Under the Georgia Employee Stock Option Plan, employees of Linguistics Group, Inc. are given the opportunity to purchase company stock at a predetermined price within a specific time frame. This stock option program serves as a tool to incentivize and reward employees for their contributions to the company's success and to align their interests with those of shareholders. The AESOP program provides various types of stock options to eligible employees, including: 1. Non-Qualified Stock Options (Nests): Non-Qualified Stock Options are the most common type of stock options offered under AESOP. Employees granted Nests have the flexibility to exercise their options anytime during the predetermined exercise period. Upon exercising these options, employees can purchase company shares at a pre-determined exercise price, which is typically set at the fair market value of the stock on the grant date. The difference between the exercise price and the stock's current market value represents the employee's potential gain. 2. Incentive Stock Options (SOS): In addition to Nests, Linguistics Group, Inc. may also offer Incentive Stock Options under the AESOP program. SOS are subject to specific criteria set forth by the Internal Revenue Service (IRS) and are governed by certain tax advantages. Employees who are granted SOS can purchase company stock at a predetermined exercise price, typically lower than the fair market value, after a specified vesting period. To take full advantage of the tax benefits associated with SOS, employees must hold the purchased shares for a qualifying period. 3. Restricted Stock Units (RSS): Another component of the AESOP is the offering of Restricted Stock Units. RSS represents a promise by Linguistics Group, Inc. to issue a predetermined number of shares of company stock to eligible employees at a future date. These units are subject to vesting, which means employees must satisfy certain service or performance-related conditions before being able to receive the shares. RSS may also have further restrictions on shares, such as holding requirements, transfer restrictions, or forfeiture provisions. It's important to note that the specifics of Linguistics Group, Inc.'s AESOP may vary, as employee stock option plans can be tailored to the requirements and objectives of individual companies. Furthermore, employees are advised to carefully review the plan documents and consult with financial or tax advisors to fully understand the details, tax implications, and potential risks associated with the different types of stock options offered.