Mississippi 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 Mississippi Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive compensation program designed to provide additional financial benefits and incentives to its eligible employees. This plan offers employees the opportunity to acquire company stock, allowing them to participate in the growth and success of Vivien, Inc. Keywords relevant to this topic include Mississippi, Employee Stock Option Plan, Vivien, Inc., compensation program, financial benefits, incentives, company stock, growth, and success. Vivien, Inc. offers various types of Employee Stock Options under their Mississippi ESOP, including the following: 1. Incentive Stock Options (SOS): SOS are a type of stock option granted to eligible employees that provide certain tax advantages. These options typically have restrictions on exercise and holding periods but may lead to potential tax savings upon sale. 2. Non-Qualified Stock Options (SOS): SOS are stock options provided to employees that do not meet the requirements set by the Internal Revenue Service (IRS) for SOS. SOS offer more flexibility in terms of exercise and holding periods but may have tax implications upon exercise. 3. Restricted Stock Units (RSS): RSS are another form of equity compensation offered by Vivien, Inc. under the Mississippi ESOP. RSS represents a promise to deliver company stock to employees at a future date based on certain vesting conditions or performance goals. 4. Stock Appreciation Rights (SARS): The company may also grant SARS, which provide employees with the opportunity to benefit from the increase in the company's stock price without actually being issued stock. SARS provide cash payout equal to the appreciation in the stock's value over a specified period. 5. Performance Shares/Units: Vivien, Inc. may offer Performance Shares/Units as part of the Mississippi ESOP. These grants are tied to specific performance targets or benchmarks, and employees receive stock or cash equivalent depending on the achievement of these goals. The Mississippi Employee Stock Option Plan of Vivien, Inc. aligns employees' interests with the company's success, fostering employee motivation, retention, and loyalty. It offers eligible employees a chance to share in the growth of Vivien, Inc., enhancing their overall compensation and financial well-being.