Louisiana 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 Louisiana Employee Stock Option Plan The Louisiana Employee Stock Option Plan offered by Vivien, Inc. is a unique and beneficial program designed to provide employees with an opportunity to purchase company stock at a predetermined price. This plan serves as a tool to motivate and reward employees while aligning their interests with the company's long-term success. Under the Louisiana Employee Stock Option Plan, eligible employees are granted stock options that allow them to acquire shares of Vivien, Inc. stock based on a specified exercise price. These options typically have a vesting period, during which employees earn the right to exercise the options. Once vested, employees can choose to exercise their options, purchasing the specified number of shares at the predetermined price. This plan has several key benefits for employees. Firstly, it offers a sense of ownership in the company, fostering a stronger commitment and dedication to its success. Additionally, participating employees have the potential to directly benefit from any increase in the company's stock value. As the company grows, so does the value of their stock options, potentially resulting in significant financial gains. Moreover, stock options provide an opportunity for employees to share in the fruits of their hard work and contribute to their overall financial well-being. There might be different types of Employee Stock Option Plans within Vivien, Inc. based on varying eligibility criteria or terms. For example, there could be an Executive Stock Option Plan specifically tailored for high-level executives, granting them more favorable terms or larger grants. Another type could be an Employee Stock Purchase Plan (ESPN), which allows employees to purchase shares at a discounted price through regular payroll deductions. These variations in plans ensure the inclusion of employees at different levels and the ability to leverage the benefits of stock ownership for a broader spectrum of the workforce. In conclusion, the Louisiana Employee Stock Option Plan offered by Vivien, Inc. is a valuable employee benefit program that grants eligible employees the opportunity to acquire company stock at a predetermined price. This plan not only promotes employee engagement and loyalty but also aligns their interests with the long-term success of the company. Different variations of the plan, such as Executive Stock Option Plans and Employee Stock Purchase Plans, further enhance the inclusiveness and advantages of stock ownership for employees at different levels.

Louisiana Employee Stock Option Plan The Louisiana Employee Stock Option Plan offered by Vivien, Inc. is a unique and beneficial program designed to provide employees with an opportunity to purchase company stock at a predetermined price. This plan serves as a tool to motivate and reward employees while aligning their interests with the company's long-term success. Under the Louisiana Employee Stock Option Plan, eligible employees are granted stock options that allow them to acquire shares of Vivien, Inc. stock based on a specified exercise price. These options typically have a vesting period, during which employees earn the right to exercise the options. Once vested, employees can choose to exercise their options, purchasing the specified number of shares at the predetermined price. This plan has several key benefits for employees. Firstly, it offers a sense of ownership in the company, fostering a stronger commitment and dedication to its success. Additionally, participating employees have the potential to directly benefit from any increase in the company's stock value. As the company grows, so does the value of their stock options, potentially resulting in significant financial gains. Moreover, stock options provide an opportunity for employees to share in the fruits of their hard work and contribute to their overall financial well-being. There might be different types of Employee Stock Option Plans within Vivien, Inc. based on varying eligibility criteria or terms. For example, there could be an Executive Stock Option Plan specifically tailored for high-level executives, granting them more favorable terms or larger grants. Another type could be an Employee Stock Purchase Plan (ESPN), which allows employees to purchase shares at a discounted price through regular payroll deductions. These variations in plans ensure the inclusion of employees at different levels and the ability to leverage the benefits of stock ownership for a broader spectrum of the workforce. In conclusion, the Louisiana Employee Stock Option Plan offered by Vivien, Inc. is a valuable employee benefit program that grants eligible employees the opportunity to acquire company stock at a predetermined price. This plan not only promotes employee engagement and loyalty but also aligns their interests with the long-term success of the company. Different variations of the plan, such as Executive Stock Option Plans and Employee Stock Purchase Plans, further enhance the inclusiveness and advantages of stock ownership for employees at different levels.