North Carolina 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 North Carolina Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive program designed to offer eligible employees the opportunity to acquire stock in the company. By doing so, the plan aims to provide employees with a sense of ownership and align their interests with the long-term success of Vivien, Inc. This article will delve into the different types of Sops offered by the company and shed light on the key features and benefits they provide. Vivien, Inc. recognizes that a well-structured ESOP can play a vital role in motivating employees, attracting top talent, and fostering a strong corporate culture. As a result, the company has developed several ESOP options to cater to the diverse needs and preferences of its workforce in North Carolina. 1. Standard Stock Option Plan: The most common type of ESOP offered by Vivien, Inc. in North Carolina is the Standard Stock Option Plan. Under this plan, eligible employees are granted the right to purchase a specific number of company shares at a predetermined price, often referred to as the exercise price or strike price. These options typically have a vesting period, ensuring that employees remain committed to the company for a certain period before exercising their options. 2. Incentive Stock Option Plan: In addition to the Standard Stock Option Plan, Vivien, Inc. also offers an Incentive Stock Option (ISO) Plan for its employees in North Carolina. SOS provide certain tax advantages to employees, as any appreciation in the stock's value is taxed as long-term capital gains rather than ordinary income. To qualify for SOS, employees must meet specific criteria set by the company and the Internal Revenue Service (IRS). 3. Restricted Stock Units (RSS): Vivien, Inc. recognizes that not all employees may prefer traditional stock options. Hence, the company provides an alternative ESOP known as Restricted Stock Units (RSS). RSS is a promise to deliver company stock to employees at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not grant the right to purchase shares at a specific price. Instead, the employees receive the shares outright after the vesting period has been fulfilled. 4. Performance-Based Stock Option Plan: To further enhance employee motivation and reward performance, Vivien, Inc. also offers a Performance-Based Stock Option Plan. This type of ESOP links stock option grants to predefined performance goals or targets. Employees are eligible to exercise their options only if they meet or exceed specific milestones, such as revenue growth, product development, or individual performance objectives. This plan serves as a powerful incentive for employees to contribute actively to the company's growth and success. In conclusion, the North Carolina Employee Stock Option Plan of Vivien, Inc. encompasses various options tailored to the needs of its workforce. These options include the Standard Stock Option Plan, Incentive Stock Option Plan, Restricted Stock Units, and Performance-Based Stock Option Plan. Through these plans, Vivien, Inc. aims to foster employee engagement, align interests, reward performance, and drive the long-term success of the company.

The North Carolina Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive program designed to offer eligible employees the opportunity to acquire stock in the company. By doing so, the plan aims to provide employees with a sense of ownership and align their interests with the long-term success of Vivien, Inc. This article will delve into the different types of Sops offered by the company and shed light on the key features and benefits they provide. Vivien, Inc. recognizes that a well-structured ESOP can play a vital role in motivating employees, attracting top talent, and fostering a strong corporate culture. As a result, the company has developed several ESOP options to cater to the diverse needs and preferences of its workforce in North Carolina. 1. Standard Stock Option Plan: The most common type of ESOP offered by Vivien, Inc. in North Carolina is the Standard Stock Option Plan. Under this plan, eligible employees are granted the right to purchase a specific number of company shares at a predetermined price, often referred to as the exercise price or strike price. These options typically have a vesting period, ensuring that employees remain committed to the company for a certain period before exercising their options. 2. Incentive Stock Option Plan: In addition to the Standard Stock Option Plan, Vivien, Inc. also offers an Incentive Stock Option (ISO) Plan for its employees in North Carolina. SOS provide certain tax advantages to employees, as any appreciation in the stock's value is taxed as long-term capital gains rather than ordinary income. To qualify for SOS, employees must meet specific criteria set by the company and the Internal Revenue Service (IRS). 3. Restricted Stock Units (RSS): Vivien, Inc. recognizes that not all employees may prefer traditional stock options. Hence, the company provides an alternative ESOP known as Restricted Stock Units (RSS). RSS is a promise to deliver company stock to employees at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not grant the right to purchase shares at a specific price. Instead, the employees receive the shares outright after the vesting period has been fulfilled. 4. Performance-Based Stock Option Plan: To further enhance employee motivation and reward performance, Vivien, Inc. also offers a Performance-Based Stock Option Plan. This type of ESOP links stock option grants to predefined performance goals or targets. Employees are eligible to exercise their options only if they meet or exceed specific milestones, such as revenue growth, product development, or individual performance objectives. This plan serves as a powerful incentive for employees to contribute actively to the company's growth and success. In conclusion, the North Carolina Employee Stock Option Plan of Vivien, Inc. encompasses various options tailored to the needs of its workforce. These options include the Standard Stock Option Plan, Incentive Stock Option Plan, Restricted Stock Units, and Performance-Based Stock Option Plan. Through these plans, Vivien, Inc. aims to foster employee engagement, align interests, reward performance, and drive the long-term success of the company.