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 of Vivigen, Inc.
Category:
State:
Multi-State
Control #:
US-CC-18-148
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Employee Stock Option Plan Of Vivigen, Inc.?
It is possible to invest several hours on the Internet looking for the legal file format that fits the state and federal demands you want. US Legal Forms offers thousands of legal kinds which can be reviewed by professionals. You can easily acquire or printing the Kansas Employee Stock Option Plan of Vivigen, Inc. from your assistance.
If you currently have a US Legal Forms account, you are able to log in and click on the Down load key. Next, you are able to complete, revise, printing, or indication the Kansas Employee Stock Option Plan of Vivigen, Inc.. Every single legal file format you buy is your own property forever. To acquire one more copy of the bought form, proceed to the My Forms tab and click on the corresponding key.
If you use the US Legal Forms site initially, stick to the easy recommendations under:
- First, make certain you have selected the proper file format to the state/area that you pick. Read the form description to make sure you have picked the right form. If available, make use of the Preview key to search through the file format too.
- If you wish to get one more edition from the form, make use of the Look for discipline to obtain the format that fits your needs and demands.
- Upon having found the format you desire, simply click Get now to proceed.
- Find the prices prepare you desire, key in your accreditations, and sign up for a merchant account on US Legal Forms.
- Comprehensive the purchase. You may use your charge card or PayPal account to fund the legal form.
- Find the file format from the file and acquire it for your gadget.
- Make adjustments for your file if required. It is possible to complete, revise and indication and printing Kansas Employee Stock Option Plan of Vivigen, Inc..
Down load and printing thousands of file layouts utilizing the US Legal Forms website, that offers the largest selection of legal kinds. Use professional and state-particular layouts to deal with your company or personal needs.
Form popularity
FAQ
There are two main ways to allocate options to your team: As a percentage of the salary - companies offer options to their team based on their salary, seniority, and type of role. As a percentage of the company - in this case, key people might get allocated a fixed % of the company's total equity.
Employee stock options are offered by companies to their employees as equity compensation plans. These grants come in the form of regular call options and give an employee the right to buy the company's stock at a specified price for a finite period of time.
The employer allocates a certain percentage of the company's stock shares to each eligible employee at no upfront cost. The distribution of shares may be based on the employee's pay scale, terms of service, or some other basis of allocation.
When an employee exercises stock options, you'll credit Common Stock for the number of shares x par value, debit Cash for the number of shares x the exercise price, then debit Additional Paid-In Capital for the difference, representing the increase in value of the shares during the service period.
Procedure to Issue ESOP A draft needs to be prepared of the ESOP ing to the companies,2013 and Rules. A board meeting notice along with the draft resolution that is to be passed in the board meeting is to be made. The notice of the board meeting is to be sent seven days before the meeting to all the directors.