Hawaii 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 Hawaii Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive and lucrative program designed to reward and retain employees while fostering a sense of ownership within the company. Vivien, Inc. is a renowned organization headquartered in Hawaii that specializes in innovative solutions for various industries. The Vivien, Inc. ESOP offers employees the opportunity to acquire company stock options, enabling them to share in the company's success and potentially benefit from its growth. Participants in this program can purchase shares at a predetermined price, usually lower than the market value, within a specified time frame outlined by the plan. Types of Hawaii Employee Stock Option Plans offered by Vivien, Inc. may include: 1. Standard Stock Options: These are the most common type of options offered to employees. Standard stock options allow employees to purchase company stock at a fixed price, known as the exercise price, within a specific time period. 2. Incentive Stock Options (SOS): SOS are a special type of employee stock option granted only to employees, providing them with certain tax advantages. Participants receive the right to purchase the stock at a predetermined price without paying taxes on the option grant or the exercised shares until they are sold. 3. Non-Qualified Stock Options (Nests): Nests are stock options that do not qualify for preferential tax treatment like SOS. Unlike SOS, Nests are available for both employees and consultants. With Nests, employees have more flexibility in terms of exercising options at any price, but they are subject to regular income tax and withholding requirements. 4. Restricted Stock Units (RSS): RSS are another form of equity compensation offered by Vivien, Inc. RSS represent a specific number of shares that employees will receive at a predetermined vesting schedule. Once vested, employees are granted full ownership of the stock. The Hawaii Employee Stock Option Plan of Vivien, Inc. not only serves to attract and retain talented individuals, but it also aligns their interests with the company's objectives, ultimately driving overall success and prosperity. The ESOP provides a valuable opportunity for employees to capitalize on the financial growth of Vivien, Inc. while promoting a sense of loyalty and motivation within the organization.

The Hawaii Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive and lucrative program designed to reward and retain employees while fostering a sense of ownership within the company. Vivien, Inc. is a renowned organization headquartered in Hawaii that specializes in innovative solutions for various industries. The Vivien, Inc. ESOP offers employees the opportunity to acquire company stock options, enabling them to share in the company's success and potentially benefit from its growth. Participants in this program can purchase shares at a predetermined price, usually lower than the market value, within a specified time frame outlined by the plan. Types of Hawaii Employee Stock Option Plans offered by Vivien, Inc. may include: 1. Standard Stock Options: These are the most common type of options offered to employees. Standard stock options allow employees to purchase company stock at a fixed price, known as the exercise price, within a specific time period. 2. Incentive Stock Options (SOS): SOS are a special type of employee stock option granted only to employees, providing them with certain tax advantages. Participants receive the right to purchase the stock at a predetermined price without paying taxes on the option grant or the exercised shares until they are sold. 3. Non-Qualified Stock Options (Nests): Nests are stock options that do not qualify for preferential tax treatment like SOS. Unlike SOS, Nests are available for both employees and consultants. With Nests, employees have more flexibility in terms of exercising options at any price, but they are subject to regular income tax and withholding requirements. 4. Restricted Stock Units (RSS): RSS are another form of equity compensation offered by Vivien, Inc. RSS represent a specific number of shares that employees will receive at a predetermined vesting schedule. Once vested, employees are granted full ownership of the stock. The Hawaii Employee Stock Option Plan of Vivien, Inc. not only serves to attract and retain talented individuals, but it also aligns their interests with the company's objectives, ultimately driving overall success and prosperity. The ESOP provides a valuable opportunity for employees to capitalize on the financial growth of Vivien, Inc. while promoting a sense of loyalty and motivation within the organization.