Indiana 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 Indiana Employee Stock Option Plan of Vivien, Inc. is a comprehensive and rewarding incentive program designed to motivate and retain employees of Vivien, Inc. by providing them with the opportunity to purchase company stock at a predetermined price. This program plays a vital role in attracting talented individuals, fostering loyalty, and aligning the interests of employees with the company's long-term success. The Indiana Employee Stock Option Plan offers various types of stock options to its employees, including: 1. Non-Qualified Stock Options: These options grant employees the right to purchase company shares at a specific price, known as the exercise or strike price. Non-qualified stock options provide flexibility and are often offered to all employees, both high-level executives and non-executive staff. 2. Incentive Stock Options (SOS): SOS are a type of stock option that can only be granted to employees and must meet specific requirements outlined in the Internal Revenue Code. These options offer certain tax advantages to employees, as any gains made upon exercising the options may be eligible for favorable capital gains treatment. 3. Restricted Stock Units (RSS): Rather than granting employees the right to purchase shares, RSS provide employees with the promise of company stock at a future date once certain vesting conditions are met. RSS is a popular choice as they align the interests of the employees with the long-term performance of the company. 4. Performance Stock Options: These stock options are granted based on predetermined performance goals, such as meeting revenue targets or achieving specific milestones. Performance stock options encourage employees to go above and beyond, as they provide an additional incentive to drive the company's growth. Vivien, Inc.'s Indiana Employee Stock Option Plan aims to incentivize employees by allowing them to benefit from the company's success through stock ownership. By participating in this plan, employees become stakeholders in Vivien, fostering a culture of ownership and commitment. The program empowers employees to align their personal financial goals with the long-term strategic objectives of the company, creating a win-win situation for both the individuals and Vivien, Inc. Keywords: Indiana Employee Stock Option Plan, Vivien, Inc., stock options, incentive program, company stock, employees, purchase, predetermined price, motivation, retention, attract, loyalty, long-term success, non-qualified stock options, flexibility, executives, non-executive staff, Incentive Stock Options, SOS, tax advantages, Internal Revenue Code, gains, restricted stock units, vesting conditions, performance stock options, performance goals, revenue targets, milestones, ownership, commitment, stakeholders, financial goals, strategic objectives, win-win situation.

Indiana Employee Stock Option Plan of Vivien, Inc. is a comprehensive and rewarding incentive program designed to motivate and retain employees of Vivien, Inc. by providing them with the opportunity to purchase company stock at a predetermined price. This program plays a vital role in attracting talented individuals, fostering loyalty, and aligning the interests of employees with the company's long-term success. The Indiana Employee Stock Option Plan offers various types of stock options to its employees, including: 1. Non-Qualified Stock Options: These options grant employees the right to purchase company shares at a specific price, known as the exercise or strike price. Non-qualified stock options provide flexibility and are often offered to all employees, both high-level executives and non-executive staff. 2. Incentive Stock Options (SOS): SOS are a type of stock option that can only be granted to employees and must meet specific requirements outlined in the Internal Revenue Code. These options offer certain tax advantages to employees, as any gains made upon exercising the options may be eligible for favorable capital gains treatment. 3. Restricted Stock Units (RSS): Rather than granting employees the right to purchase shares, RSS provide employees with the promise of company stock at a future date once certain vesting conditions are met. RSS is a popular choice as they align the interests of the employees with the long-term performance of the company. 4. Performance Stock Options: These stock options are granted based on predetermined performance goals, such as meeting revenue targets or achieving specific milestones. Performance stock options encourage employees to go above and beyond, as they provide an additional incentive to drive the company's growth. Vivien, Inc.'s Indiana Employee Stock Option Plan aims to incentivize employees by allowing them to benefit from the company's success through stock ownership. By participating in this plan, employees become stakeholders in Vivien, fostering a culture of ownership and commitment. The program empowers employees to align their personal financial goals with the long-term strategic objectives of the company, creating a win-win situation for both the individuals and Vivien, Inc. Keywords: Indiana Employee Stock Option Plan, Vivien, Inc., stock options, incentive program, company stock, employees, purchase, predetermined price, motivation, retention, attract, loyalty, long-term success, non-qualified stock options, flexibility, executives, non-executive staff, Incentive Stock Options, SOS, tax advantages, Internal Revenue Code, gains, restricted stock units, vesting conditions, performance stock options, performance goals, revenue targets, milestones, ownership, commitment, stakeholders, financial goals, strategic objectives, win-win situation.