Kentucky 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 Kentucky Employee Stock Option Plan (ESOP) of Vivien, Inc. is an employee benefit program that offers eligible employees the opportunity to purchase company shares at a predetermined price. This plan is designed to incentivize and reward Vivien employees, while also promoting stakeholder alignment and long-term growth. Vivien, Inc. is a leading biotechnology company headquartered in Kentucky, investing heavily in its workforce to drive innovation and success. The Kentucky ESOP is one of the mechanisms employed by the company to engage and retain talented employees and cultivate a culture of ownership. The Kentucky ESOP offers employees the chance to acquire stock options, which are financial instruments that grant them the right to purchase Vivien stock at a specific price, known as the "exercise price." These options are usually subject to a vesting period, during which employees must meet certain criteria, such as meeting specific tenure milestones or achieving performance targets. By participating in the Kentucky ESOP, employees have the potential to benefit from the growth of Vivien, as the value of their stock options may increase over time. This helps create a sense of shared success and teamwork within the organization, as everyone works towards the same goal of maximizing company value. The exact details and variations of the Kentucky ESOP can vary depending on the specific plan that a given employee is enrolled in. Some potential variations or types of the Kentucky ESOP offered by Vivien, Inc. may include: 1. Standard Employee Stock Option Plan: This is the general and baseline plan for eligible employees. It typically includes a vesting period and may have conditions regarding exercise of options. 2. Performance-based ESOP: This type of plan may be available to employees who achieve or surpass specific performance targets, such as meeting sales goals or attaining key technological advancements. 3. Executive or Senior Management ESOP: This plan is typically tailored for executives and senior management personnel, offering them additional benefits, higher exercise prices, or more favorable terms. 4. Retirement ESOP: This plan may be available to employees within a certain age range or nearing retirement. It allows them to gradually convert their stock options into tangible retirement benefits, providing a valuable long-term savings vehicle. These are just a few examples of potential types of the Kentucky ESOP offered by Vivien, Inc. The company may have additional variations or customized plans in place, depending on the specific needs of its employees and business objectives. In conclusion, the Kentucky Employee Stock Option Plan of Vivien, Inc. is a strategic and enticing employee benefit program aimed at aligning employee interests with company success. It allows employees the opportunity to acquire company shares, promoting a sense of ownership, and fostering loyalty and commitment.

The Kentucky Employee Stock Option Plan (ESOP) of Vivien, Inc. is an employee benefit program that offers eligible employees the opportunity to purchase company shares at a predetermined price. This plan is designed to incentivize and reward Vivien employees, while also promoting stakeholder alignment and long-term growth. Vivien, Inc. is a leading biotechnology company headquartered in Kentucky, investing heavily in its workforce to drive innovation and success. The Kentucky ESOP is one of the mechanisms employed by the company to engage and retain talented employees and cultivate a culture of ownership. The Kentucky ESOP offers employees the chance to acquire stock options, which are financial instruments that grant them the right to purchase Vivien stock at a specific price, known as the "exercise price." These options are usually subject to a vesting period, during which employees must meet certain criteria, such as meeting specific tenure milestones or achieving performance targets. By participating in the Kentucky ESOP, employees have the potential to benefit from the growth of Vivien, as the value of their stock options may increase over time. This helps create a sense of shared success and teamwork within the organization, as everyone works towards the same goal of maximizing company value. The exact details and variations of the Kentucky ESOP can vary depending on the specific plan that a given employee is enrolled in. Some potential variations or types of the Kentucky ESOP offered by Vivien, Inc. may include: 1. Standard Employee Stock Option Plan: This is the general and baseline plan for eligible employees. It typically includes a vesting period and may have conditions regarding exercise of options. 2. Performance-based ESOP: This type of plan may be available to employees who achieve or surpass specific performance targets, such as meeting sales goals or attaining key technological advancements. 3. Executive or Senior Management ESOP: This plan is typically tailored for executives and senior management personnel, offering them additional benefits, higher exercise prices, or more favorable terms. 4. Retirement ESOP: This plan may be available to employees within a certain age range or nearing retirement. It allows them to gradually convert their stock options into tangible retirement benefits, providing a valuable long-term savings vehicle. These are just a few examples of potential types of the Kentucky ESOP offered by Vivien, Inc. The company may have additional variations or customized plans in place, depending on the specific needs of its employees and business objectives. In conclusion, the Kentucky Employee Stock Option Plan of Vivien, Inc. is a strategic and enticing employee benefit program aimed at aligning employee interests with company success. It allows employees the opportunity to acquire company shares, promoting a sense of ownership, and fostering loyalty and commitment.