Missouri 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 Missouri Employee Stock Option Plan of Vivien, Inc. (Vivien ESOP) is a compensation program offered to eligible employees of Vivien, Inc. based in Missouri. This plan allows employees to acquire shares of the company's stock at a predetermined price, known as the exercise price. The main purpose of Vivien ESOP is to incentivize and reward employees for their contribution to the company's success. Under the Missouri Employee Stock Option Plan of Vivien, Inc., employees are granted the right to purchase a specific number of company shares within a predetermined time frame. These stock options typically have an expiration date, after which they become worthless if not exercised. Vivien, Inc., may offer different types of employee stock options within its Missouri Employee Stock Option Plan. These variations could include: 1. Non-Qualified Stock Options (Nests): These stock options are not eligible for special tax treatments and are more commonly used for executives or high-ranking employees. Nests offer flexibility in terms of exercise price, but they are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are exclusively provided to employees and come with specific tax benefits. If certain requirements are met, employees can enjoy long-term capital gains tax rates on their stock option gains instead of ordinary income tax rates. When employees choose to exercise their stock options, they can purchase the company's stock at the exercise price, which is typically set at the fair market value of the stock on the grant date. This provides employees with the opportunity to profit if the stock price increases over time. The Vivien ESOP may include vesting periods, during which employees must wait a certain amount of time before they can exercise their stock options. Vesting schedules could be time-based (e.g., 4 years with 25% vesting each year) or performance-based (e.g., tied to company performance or individual milestones). This mechanism incentivizes employees to remain with the company and work towards achieving predetermined goals. It is important to note that the specifics of the Missouri Employee Stock Option Plan of Vivien, Inc. may vary based on the company's policies, ownership structure, and applicable state laws. Consequently, employees are encouraged to review the official plan documents and consult with a financial advisor or tax professional for personalized guidance regarding their stock options. In summary, the Missouri Employee Stock Option Plan of Vivien, Inc. offers eligible employees the opportunity to acquire shares of the company's stock at a predetermined price. This compensation program aims to incentivize and reward employees, align their interests with the company's success, and potentially provide them with financial benefits in the form of stock option gains.

Missouri Employee Stock Option Plan of Vivien, Inc. (Vivien ESOP) is a compensation program offered to eligible employees of Vivien, Inc. based in Missouri. This plan allows employees to acquire shares of the company's stock at a predetermined price, known as the exercise price. The main purpose of Vivien ESOP is to incentivize and reward employees for their contribution to the company's success. Under the Missouri Employee Stock Option Plan of Vivien, Inc., employees are granted the right to purchase a specific number of company shares within a predetermined time frame. These stock options typically have an expiration date, after which they become worthless if not exercised. Vivien, Inc., may offer different types of employee stock options within its Missouri Employee Stock Option Plan. These variations could include: 1. Non-Qualified Stock Options (Nests): These stock options are not eligible for special tax treatments and are more commonly used for executives or high-ranking employees. Nests offer flexibility in terms of exercise price, but they are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are exclusively provided to employees and come with specific tax benefits. If certain requirements are met, employees can enjoy long-term capital gains tax rates on their stock option gains instead of ordinary income tax rates. When employees choose to exercise their stock options, they can purchase the company's stock at the exercise price, which is typically set at the fair market value of the stock on the grant date. This provides employees with the opportunity to profit if the stock price increases over time. The Vivien ESOP may include vesting periods, during which employees must wait a certain amount of time before they can exercise their stock options. Vesting schedules could be time-based (e.g., 4 years with 25% vesting each year) or performance-based (e.g., tied to company performance or individual milestones). This mechanism incentivizes employees to remain with the company and work towards achieving predetermined goals. It is important to note that the specifics of the Missouri Employee Stock Option Plan of Vivien, Inc. may vary based on the company's policies, ownership structure, and applicable state laws. Consequently, employees are encouraged to review the official plan documents and consult with a financial advisor or tax professional for personalized guidance regarding their stock options. In summary, the Missouri Employee Stock Option Plan of Vivien, Inc. offers eligible employees the opportunity to acquire shares of the company's stock at a predetermined price. This compensation program aims to incentivize and reward employees, align their interests with the company's success, and potentially provide them with financial benefits in the form of stock option gains.