North Dakota Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-350A
• Format: Word; Rich Text

Description

18-350A 18-350A . . . Stock Incentive Plan which provides for issuance of (a) incentive stock options, (b) Non-qualified Stock Options, (c) stock appreciation rights, (d) restricted stock, (e) unrestricted stock, and (f) performance shares. The Plan permits optionees to pay exercise price of options (i) in cash, (ii) in shares of corporation common stock already owned by optionee, (iii) with combination of cash and shares, (iv) by "pyramiding" shares or (v) by effecting a "cashless exercise". "Pyramiding" is technique whereby optionee requests issuer to automatically apply portion of shares received upon exercise of stock option to satisfy exercise price of additional stock options, resulting in multiple simultaneous exercises of options by use of shares as payment. A "cashless exercise" is technique which allows optionee to exercise stock options without cash through assistance of broker through either simultaneous exercise and sale or broker loan The North Dakota Stock Incentive Plan (ND SIP) of Abase Corp. is a comprehensive compensation program designed to reward and motivate employees by granting them equity ownership in the company. This plan enables Abase Corp. to attract and retain top talent and aligns the interests of employees with the long-term success of the organization. With the ND SIP, employees have the opportunity to acquire and hold Abase Corp. stock, providing them with a sense of ownership and the potential for financial growth. The ND SIP offers various types of stock incentives, each providing different benefits and features tailored to different employee levels and roles within the company. These different types can include: 1. Employee Stock Options (SOS): SOS grant employees the right to purchase Abase Corp. stock at a predetermined price, known as the exercise price, for a specified period of time. This gives employees the opportunity to profit if the stock price rises above the exercise price before the option expires. 2. Restricted Stock Units (RSS): RSS are grants of Abase Corp. stock given to employees, usually subject to a vesting schedule. Once vested, employees gain full ownership of the stock and can sell it or hold it for potential future gains. RSS are often used as a retention tool, incentivizing employees to stay with the company for a certain period. 3. Performance Share Units (Plus): Plus are stock-based awards tied to specific performance goals and metrics. Employees receive a certain number of pluses based on their performance, and these units convert into Abase Corp. stock when the performance targets are met. Plus align employee efforts with company performance, encouraging enhanced productivity and dedication. 4. Stock Appreciation Rights (SARS): SARS entitle employees to receive cash or stock equal to the appreciation in Abase Corp. stock price from a specified grant price. These incentives provide employees with a stake in the company's growth without requiring them to purchase stock outright. Through the ND SIP, Abase Corp. aims to foster a culture of ownership and accountability among its employees. By linking compensation to the company's performance and stock price, the plan encourages employees to actively contribute to Abase Corp.'s success and shareholder value. Additionally, the ND SIP offers potential tax advantages to employees, making it an advantageous and enticing program for individuals seeking long-term financial growth within the company. Overall, the North Dakota Stock Incentive Plan of Abase Corp., encompassing different types of stock incentives such as SOS, RSS, Plus, and SARS, serves as a vital tool in attracting, retaining, and rewarding talent, while aligning employee interests with the company's growth objectives.

The North Dakota Stock Incentive Plan (ND SIP) of Abase Corp. is a comprehensive compensation program designed to reward and motivate employees by granting them equity ownership in the company. This plan enables Abase Corp. to attract and retain top talent and aligns the interests of employees with the long-term success of the organization. With the ND SIP, employees have the opportunity to acquire and hold Abase Corp. stock, providing them with a sense of ownership and the potential for financial growth. The ND SIP offers various types of stock incentives, each providing different benefits and features tailored to different employee levels and roles within the company. These different types can include: 1. Employee Stock Options (SOS): SOS grant employees the right to purchase Abase Corp. stock at a predetermined price, known as the exercise price, for a specified period of time. This gives employees the opportunity to profit if the stock price rises above the exercise price before the option expires. 2. Restricted Stock Units (RSS): RSS are grants of Abase Corp. stock given to employees, usually subject to a vesting schedule. Once vested, employees gain full ownership of the stock and can sell it or hold it for potential future gains. RSS are often used as a retention tool, incentivizing employees to stay with the company for a certain period. 3. Performance Share Units (Plus): Plus are stock-based awards tied to specific performance goals and metrics. Employees receive a certain number of pluses based on their performance, and these units convert into Abase Corp. stock when the performance targets are met. Plus align employee efforts with company performance, encouraging enhanced productivity and dedication. 4. Stock Appreciation Rights (SARS): SARS entitle employees to receive cash or stock equal to the appreciation in Abase Corp. stock price from a specified grant price. These incentives provide employees with a stake in the company's growth without requiring them to purchase stock outright. Through the ND SIP, Abase Corp. aims to foster a culture of ownership and accountability among its employees. By linking compensation to the company's performance and stock price, the plan encourages employees to actively contribute to Abase Corp.'s success and shareholder value. Additionally, the ND SIP offers potential tax advantages to employees, making it an advantageous and enticing program for individuals seeking long-term financial growth within the company. Overall, the North Dakota Stock Incentive Plan of Abase Corp., encompassing different types of stock incentives such as SOS, RSS, Plus, and SARS, serves as a vital tool in attracting, retaining, and rewarding talent, while aligning employee interests with the company's growth objectives.