Nebraska 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 Nebraska Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that allows employees of Vivien, Inc., a leading corporation headquartered in Nebraska, to purchase company stocks at a predetermined price. This plan aims to incentivize and reward employees by giving them an opportunity to have ownership in the company's growth and success. The Nebraska Employee Stock Option Plan offers various types of stock options, which include the following: 1. Non-Qualified Stock Options: These stock options are granted to employees and are subject to certain tax implications. The option price is set at the fair market value of the stock at the time of grant, and employees can exercise the option by purchasing stocks at this predetermined price for a specific duration. 2. Incentive Stock Options: These stock options provide certain tax advantages to employees but have stricter eligibility criteria compared to non-qualified stock options. The exercise price is set at or above the stock's fair market value at the time of grant, and employees can only exercise these options after a specific holding period. 3. Restricted Stock Units: In addition to stock options, Vivien, Inc. also offers restricted stock units (RSS) to its employees. RSS grant employees the right to receive company stocks after a vesting period and certain performance criteria have been met. Unlike stock options, RSS do not require employees to purchase stocks but are given as part of their compensation package. 4. Performance Stock Units: Performance stock units are another type of stock-based compensation offered to employees under the Nebraska Employee Stock Option Plan. These units are granted based on predetermined performance goals, and employees receive stocks upon meeting these targets. It serves as a powerful tool to align employee performance with the company's overall objectives. The company's Nebraska Employee Stock Option Plan is designed to incentivize employee retention, motivation, and loyalty while aligning their interests with those of the shareholders. By offering various types of stock options and compensation units, Vivien, Inc. aims to create a sense of ownership and foster a performance-driven culture among its employees. Please note that this description is purely fictional and created for the purpose of demonstrating content generation capabilities.

Nebraska Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that allows employees of Vivien, Inc., a leading corporation headquartered in Nebraska, to purchase company stocks at a predetermined price. This plan aims to incentivize and reward employees by giving them an opportunity to have ownership in the company's growth and success. The Nebraska Employee Stock Option Plan offers various types of stock options, which include the following: 1. Non-Qualified Stock Options: These stock options are granted to employees and are subject to certain tax implications. The option price is set at the fair market value of the stock at the time of grant, and employees can exercise the option by purchasing stocks at this predetermined price for a specific duration. 2. Incentive Stock Options: These stock options provide certain tax advantages to employees but have stricter eligibility criteria compared to non-qualified stock options. The exercise price is set at or above the stock's fair market value at the time of grant, and employees can only exercise these options after a specific holding period. 3. Restricted Stock Units: In addition to stock options, Vivien, Inc. also offers restricted stock units (RSS) to its employees. RSS grant employees the right to receive company stocks after a vesting period and certain performance criteria have been met. Unlike stock options, RSS do not require employees to purchase stocks but are given as part of their compensation package. 4. Performance Stock Units: Performance stock units are another type of stock-based compensation offered to employees under the Nebraska Employee Stock Option Plan. These units are granted based on predetermined performance goals, and employees receive stocks upon meeting these targets. It serves as a powerful tool to align employee performance with the company's overall objectives. The company's Nebraska Employee Stock Option Plan is designed to incentivize employee retention, motivation, and loyalty while aligning their interests with those of the shareholders. By offering various types of stock options and compensation units, Vivien, Inc. aims to create a sense of ownership and foster a performance-driven culture among its employees. Please note that this description is purely fictional and created for the purpose of demonstrating content generation capabilities.