Idaho 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 Idaho Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that provides eligible employees of Vivien, Inc. in Idaho with the opportunity to acquire company stock at a specified price. This plan aims to reward and incentivize employees by giving them a stake in the company's success and aligning their interests with those of the shareholders. The Idaho Employee Stock Option Plan offers several types of stock options to participants, including incentive stock options (SOS) and non-qualified stock options (SOS). SOS are generally provided to key employees and have certain tax advantages, while SOS are more flexible and can be granted to any employee. By providing these options, Vivien, Inc. aims to attract and retain skilled talent, promote loyalty and motivate employees to contribute towards the company's growth and profitability. Under this plan, eligible employees are granted the right to purchase a specified number of shares of Vivien, Inc. stock at a predetermined exercise price, also known as the grant price. The grant price is typically set at the fair market value of the company's stock on the date of the grant. This allows employees to benefit from any future increase in the company's stock price. The Idaho Employee Stock Option Plan typically includes a vesting period, during which the employee must remain with the company to retain their stock options. Vesting schedules may vary but commonly range from three to five years, with a portion of the options vesting annually. This helps ensure employee retention and encourages long-term commitment to Vivien, Inc.'s success. Once the options are vested, employees can exercise their stock options by purchasing the specified number of shares at the grant price. This allows them to become shareholders of Vivien, Inc. and potentially profit from future stock price appreciation. Employees have the flexibility to hold onto the shares or sell them, depending on their personal investment objectives. The Idaho Employee Stock Option Plan is subject to certain rules and regulations, including taxation. When employees exercise their stock options, they may be subject to ordinary income tax on the difference between the fair market value at exercise and the grant price. However, the precise tax implications may vary based on the type of stock options and individual circumstances, so it is essential for employees to consult with a tax advisor. Overall, the Idaho Employee Stock Option Plan of Vivien, Inc. serves as a strategic tool for talent retention, motivation, and alignment of employee and shareholder interests. By offering stock options, Vivien, Inc. provides employees in Idaho with an opportunity to share in the company's success and potentially realize financial gain, while fostering a strong sense of ownership and dedication to the organization.

The Idaho Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that provides eligible employees of Vivien, Inc. in Idaho with the opportunity to acquire company stock at a specified price. This plan aims to reward and incentivize employees by giving them a stake in the company's success and aligning their interests with those of the shareholders. The Idaho Employee Stock Option Plan offers several types of stock options to participants, including incentive stock options (SOS) and non-qualified stock options (SOS). SOS are generally provided to key employees and have certain tax advantages, while SOS are more flexible and can be granted to any employee. By providing these options, Vivien, Inc. aims to attract and retain skilled talent, promote loyalty and motivate employees to contribute towards the company's growth and profitability. Under this plan, eligible employees are granted the right to purchase a specified number of shares of Vivien, Inc. stock at a predetermined exercise price, also known as the grant price. The grant price is typically set at the fair market value of the company's stock on the date of the grant. This allows employees to benefit from any future increase in the company's stock price. The Idaho Employee Stock Option Plan typically includes a vesting period, during which the employee must remain with the company to retain their stock options. Vesting schedules may vary but commonly range from three to five years, with a portion of the options vesting annually. This helps ensure employee retention and encourages long-term commitment to Vivien, Inc.'s success. Once the options are vested, employees can exercise their stock options by purchasing the specified number of shares at the grant price. This allows them to become shareholders of Vivien, Inc. and potentially profit from future stock price appreciation. Employees have the flexibility to hold onto the shares or sell them, depending on their personal investment objectives. The Idaho Employee Stock Option Plan is subject to certain rules and regulations, including taxation. When employees exercise their stock options, they may be subject to ordinary income tax on the difference between the fair market value at exercise and the grant price. However, the precise tax implications may vary based on the type of stock options and individual circumstances, so it is essential for employees to consult with a tax advisor. Overall, the Idaho Employee Stock Option Plan of Vivien, Inc. serves as a strategic tool for talent retention, motivation, and alignment of employee and shareholder interests. By offering stock options, Vivien, Inc. provides employees in Idaho with an opportunity to share in the company's success and potentially realize financial gain, while fostering a strong sense of ownership and dedication to the organization.