Iowa 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 Iowa Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is a comprehensive program designed to provide employees with the opportunity to own a stake in the company. As an ESOP, it enhances employee engagement, loyalty, and aligns their interests with the company's long-term success. Vivien, Inc. is a forward-thinking organization headquartered in Iowa, known for its cutting-edge technologies in various industries. The Iowa ESOP program allows eligible employees of Vivien, Inc. to purchase company stock at a predetermined price within a specified timeframe. This serves as a unique incentive for employees, as it not only promotes a sense of ownership but also fosters a collaborative work culture. By participating in this program, employees become shareholders, sharing the company's growth, and potentially benefiting from its financial success. Vivien, Inc. offers different types of ESOP plans to suit employee needs, such as: 1. Standard ESOP Plan: This plan offers employees the opportunity to purchase company stock at a predetermined price. As participants, employees acquire a sense of ownership and a potential financial benefit as the company prospers. 2. Retirement ESOP Plan: In addition to the standard ESOP benefits, this plan also provides retirement benefits to participating employees. It allows them to contribute a portion of their earnings toward their retirement while simultaneously earning company stock, thereby ensuring long-term financial security. 3. Performance-based ESOP Plan: This type of ESOP plan rewards employees based on their performance and contributions towards the company's success. As employees achieve predefined milestones or meet specific targets, they earn additional stock options or other incentives. 4. Leadership ESOP Plan: Reserved for senior executives and leaders within Vivien, Inc., this plan incentivizes key personnel to drive the company's growth and success. It may offer higher stock options, performance bonuses, or additional benefits unique to leadership roles. The Iowa ESOP program at Vivien, Inc. inevitably strengthens the bond between the company and its workforce. By providing employees the opportunity to share in the company's success, it fosters a collaborative environment, encourages innovation, and drives exceptional performance. With these incentives, Vivien, Inc. strives to empower its employees, retain top talent, and create a thriving business ecosystem in the state of Iowa.

The Iowa Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is a comprehensive program designed to provide employees with the opportunity to own a stake in the company. As an ESOP, it enhances employee engagement, loyalty, and aligns their interests with the company's long-term success. Vivien, Inc. is a forward-thinking organization headquartered in Iowa, known for its cutting-edge technologies in various industries. The Iowa ESOP program allows eligible employees of Vivien, Inc. to purchase company stock at a predetermined price within a specified timeframe. This serves as a unique incentive for employees, as it not only promotes a sense of ownership but also fosters a collaborative work culture. By participating in this program, employees become shareholders, sharing the company's growth, and potentially benefiting from its financial success. Vivien, Inc. offers different types of ESOP plans to suit employee needs, such as: 1. Standard ESOP Plan: This plan offers employees the opportunity to purchase company stock at a predetermined price. As participants, employees acquire a sense of ownership and a potential financial benefit as the company prospers. 2. Retirement ESOP Plan: In addition to the standard ESOP benefits, this plan also provides retirement benefits to participating employees. It allows them to contribute a portion of their earnings toward their retirement while simultaneously earning company stock, thereby ensuring long-term financial security. 3. Performance-based ESOP Plan: This type of ESOP plan rewards employees based on their performance and contributions towards the company's success. As employees achieve predefined milestones or meet specific targets, they earn additional stock options or other incentives. 4. Leadership ESOP Plan: Reserved for senior executives and leaders within Vivien, Inc., this plan incentivizes key personnel to drive the company's growth and success. It may offer higher stock options, performance bonuses, or additional benefits unique to leadership roles. The Iowa ESOP program at Vivien, Inc. inevitably strengthens the bond between the company and its workforce. By providing employees the opportunity to share in the company's success, it fosters a collaborative environment, encourages innovation, and drives exceptional performance. With these incentives, Vivien, Inc. strives to empower its employees, retain top talent, and create a thriving business ecosystem in the state of Iowa.