Maryland 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 Maryland Employee Stock Option Plan of Vivien, Inc. The Maryland Employee Stock Option Plan is a compensation program specifically designed for employees of Vivien, Inc., a leading company in the biotechnology industry. This plan provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. This employee stock option plan is a valuable benefit aimed at incentivizing and rewarding employees for their contributions to the company's success. By allowing employees to acquire company shares, the plan aligns their interests with those of the shareholders, fostering a sense of ownership and motivation to drive the company's growth. Key Features of the Maryland Employee Stock Option Plan: 1. Stock Option Grant: Eligible employees are granted stock options, which give them the right to purchase a specified number of company shares at a predetermined price, known as the exercise price or strike price. 2. Vesting Schedule: The stock options typically have a specified vesting schedule, meaning employees need to work for a certain period of time or achieve milestone goals before they can exercise their options and become the owner of the shares. 3. Exercise Period: Once the stock options are vested, employees have an exercise period during which they can choose to purchase the company shares at the predetermined price. This period is defined within the plan and is usually limited to a few years. 4. Exercise Price: The exercise price is fixed at the time of the grant and is usually set based on the market value of the company's stock on the grant date. This allows employees to potentially benefit from any increase in the stock price over time. 5. Tax Implications: It is important to note that the exercise of stock options may have tax implications for employees, such as triggering income tax or capital gains tax. Employees should consult with a tax advisor to understand the tax consequences and make informed decisions. Different Types of Maryland Employee Stock Option Plan of Vivien, Inc.: 1. Incentive Stock Options (SOS): Vivien, Inc. may offer SOS under its Maryland Employee Stock Option Plan. SOS provide certain tax advantages to employees, such as potentially qualifying for long-term capital gains tax rates upon the sale of the stock if specific holding periods and other requirements are met. 2. Non-Qualified Stock Options (Nests): Another type of stock option that Vivien, Inc. may offer under the plan is Nests. Unlike SOS, Nests do not carry the same tax advantages. However, they offer greater flexibility in terms of eligibility criteria and exercise periods. 3. Restricted Stock Units (RSS): While not technically stock options, Vivien, Inc. may also grant restricted stock units as part of its Maryland Employee Stock Option Plan. RSS represents a promise to deliver company stock in the future once certain conditions, such as continued employment or achievement of performance goals, are met. Overall, the Maryland Employee Stock Option Plan of Vivien, Inc. is a valuable benefit that drives employee engagement and aligns the interests of employees with the long-term success of the company. Through various types of stock options, eligible employees have the opportunity to share in the growth and financial performance of Vivien, Inc. while potentially enjoying certain tax advantages based on the type of stock option granted.

Maryland Employee Stock Option Plan of Vivien, Inc. The Maryland Employee Stock Option Plan is a compensation program specifically designed for employees of Vivien, Inc., a leading company in the biotechnology industry. This plan provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. This employee stock option plan is a valuable benefit aimed at incentivizing and rewarding employees for their contributions to the company's success. By allowing employees to acquire company shares, the plan aligns their interests with those of the shareholders, fostering a sense of ownership and motivation to drive the company's growth. Key Features of the Maryland Employee Stock Option Plan: 1. Stock Option Grant: Eligible employees are granted stock options, which give them the right to purchase a specified number of company shares at a predetermined price, known as the exercise price or strike price. 2. Vesting Schedule: The stock options typically have a specified vesting schedule, meaning employees need to work for a certain period of time or achieve milestone goals before they can exercise their options and become the owner of the shares. 3. Exercise Period: Once the stock options are vested, employees have an exercise period during which they can choose to purchase the company shares at the predetermined price. This period is defined within the plan and is usually limited to a few years. 4. Exercise Price: The exercise price is fixed at the time of the grant and is usually set based on the market value of the company's stock on the grant date. This allows employees to potentially benefit from any increase in the stock price over time. 5. Tax Implications: It is important to note that the exercise of stock options may have tax implications for employees, such as triggering income tax or capital gains tax. Employees should consult with a tax advisor to understand the tax consequences and make informed decisions. Different Types of Maryland Employee Stock Option Plan of Vivien, Inc.: 1. Incentive Stock Options (SOS): Vivien, Inc. may offer SOS under its Maryland Employee Stock Option Plan. SOS provide certain tax advantages to employees, such as potentially qualifying for long-term capital gains tax rates upon the sale of the stock if specific holding periods and other requirements are met. 2. Non-Qualified Stock Options (Nests): Another type of stock option that Vivien, Inc. may offer under the plan is Nests. Unlike SOS, Nests do not carry the same tax advantages. However, they offer greater flexibility in terms of eligibility criteria and exercise periods. 3. Restricted Stock Units (RSS): While not technically stock options, Vivien, Inc. may also grant restricted stock units as part of its Maryland Employee Stock Option Plan. RSS represents a promise to deliver company stock in the future once certain conditions, such as continued employment or achievement of performance goals, are met. Overall, the Maryland Employee Stock Option Plan of Vivien, Inc. is a valuable benefit that drives employee engagement and aligns the interests of employees with the long-term success of the company. Through various types of stock options, eligible employees have the opportunity to share in the growth and financial performance of Vivien, Inc. while potentially enjoying certain tax advantages based on the type of stock option granted.