Kansas 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 Kansas Employee Stock Option Plan is a compensation program offered by Vivien, Inc., a prominent company headquartered in Kansas. This plan grants eligible employees the opportunity to purchase a specified number of company shares at a predetermined price within a predetermined timeframe. By participating in this plan, employees can potentially increase their ownership stake in the company and benefit from its financial success. The Kansas Employee Stock Option Plan of Vivien, Inc. has various types, each designed to meet specific employee needs. Some of these types include: 1. Incentive Stock Options (SOS): SOS are a common type of stock option offered to employees that provide certain tax advantages. These options typically have strict eligibility requirements and are subject to specific tax rules. SOS allow employees to purchase company stock at a predetermined price, known as the exercise price, and are typically granted with a vesting schedule. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option offered to employees that do not meet the stringent requirements of SOS. They are more flexible in terms of eligibility and taxation. Nests provide employees with the right to purchase company shares at a predetermined price, and the gains are taxed as ordinary income. Unlike SOS, Nests do not receive special tax treatment. 3. Restricted Stock Units (RSS): RSS are a type of equity compensation granted to employees, which represent the right to receive company shares at a future date. Unlike stock options, RSS are not purchased but rather awarded or granted. RSS typically have a vesting schedule determining when employees receive ownership of the shares. Once vested, the employees can sell or hold the shares as per their preference. Vivien, Inc.'s Employee Stock Option Plan aims to align the interests of employees with the overall success and growth of the company. It provides a way for employees to become shareholders, fostering a sense of ownership and commitment. By offering various types of stock options, including SOS, Nests, and RSS, the company ensures that the plan accommodates employees of different eligibility and financial situations. It's important to note that the Kansas Employee Stock Option Plan of Vivien, Inc. may have specific terms and conditions unique to the company. Employees interested in participating should consult the plan documents and seek guidance from their human resources or finance department for comprehensive information.

Kansas Employee Stock Option Plan is a compensation program offered by Vivien, Inc., a prominent company headquartered in Kansas. This plan grants eligible employees the opportunity to purchase a specified number of company shares at a predetermined price within a predetermined timeframe. By participating in this plan, employees can potentially increase their ownership stake in the company and benefit from its financial success. The Kansas Employee Stock Option Plan of Vivien, Inc. has various types, each designed to meet specific employee needs. Some of these types include: 1. Incentive Stock Options (SOS): SOS are a common type of stock option offered to employees that provide certain tax advantages. These options typically have strict eligibility requirements and are subject to specific tax rules. SOS allow employees to purchase company stock at a predetermined price, known as the exercise price, and are typically granted with a vesting schedule. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option offered to employees that do not meet the stringent requirements of SOS. They are more flexible in terms of eligibility and taxation. Nests provide employees with the right to purchase company shares at a predetermined price, and the gains are taxed as ordinary income. Unlike SOS, Nests do not receive special tax treatment. 3. Restricted Stock Units (RSS): RSS are a type of equity compensation granted to employees, which represent the right to receive company shares at a future date. Unlike stock options, RSS are not purchased but rather awarded or granted. RSS typically have a vesting schedule determining when employees receive ownership of the shares. Once vested, the employees can sell or hold the shares as per their preference. Vivien, Inc.'s Employee Stock Option Plan aims to align the interests of employees with the overall success and growth of the company. It provides a way for employees to become shareholders, fostering a sense of ownership and commitment. By offering various types of stock options, including SOS, Nests, and RSS, the company ensures that the plan accommodates employees of different eligibility and financial situations. It's important to note that the Kansas Employee Stock Option Plan of Vivien, Inc. may have specific terms and conditions unique to the company. Employees interested in participating should consult the plan documents and seek guidance from their human resources or finance department for comprehensive information.