New Hampshire Employee Stock Option Plan of Vivien, Inc. is a comprehensive equity compensation program designed to provide employees of Vivien, Inc., a biotechnology company headquartered in New Hampshire, with an opportunity to acquire stock options. This plan is aimed at attracting, retaining, and incentivizing talented individuals by offering them a stake in the company's success. The New Hampshire Employee Stock Option Plan enables eligible employees to purchase a specified number of company shares at a predetermined price, known as the exercise price or strike price. These stock options typically vest over a certain period and can be exercised after a specific time limit or upon meeting certain performance goals or conditions. There are different types of stock options available under the plan, including: 1. Non-Qualified Stock Options (NO): These options are granted at a discount to the fair market value of the stock at the time of grant and are subject to income tax upon exercise. Nests provide employees with the flexibility to defer exercising options until a more opportune time. 2. Incentive Stock Options (ISO): SOS are generally granted to key employees and offer potential tax advantages. They are subject to specific IRS requirements, such as a 10-year exercise period and certain employment duration conditions. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date or upon the achievement of specific milestones. Unlike options, RSS do not require exercise or the purchase of shares, making them a simpler form of equity compensation. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stock at a discounted price, typically through regular payroll deductions. It provides employees with the opportunity to acquire shares often at a price lower than the market value, fostering a sense of ownership and aligning their interests with shareholders. The New Hampshire Employee Stock Option Plan of Vivien, Inc. is tailored to meet the needs of the company and its workforce, providing employees with a valuable opportunity to share in the company's success and aligning their financial interests with those of the shareholders.
New Hampshire Employee Stock Option Plan of Vivigen, Inc.
Category:
State:
Multi-State
Control #:
US-CC-18-148
Format:
Word;
Rich Text
Instant download
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
New Hampshire Employee Stock Option Plan of Vivien, Inc. is a comprehensive equity compensation program designed to provide employees of Vivien, Inc., a biotechnology company headquartered in New Hampshire, with an opportunity to acquire stock options. This plan is aimed at attracting, retaining, and incentivizing talented individuals by offering them a stake in the company's success. The New Hampshire Employee Stock Option Plan enables eligible employees to purchase a specified number of company shares at a predetermined price, known as the exercise price or strike price. These stock options typically vest over a certain period and can be exercised after a specific time limit or upon meeting certain performance goals or conditions. There are different types of stock options available under the plan, including: 1. Non-Qualified Stock Options (NO): These options are granted at a discount to the fair market value of the stock at the time of grant and are subject to income tax upon exercise. Nests provide employees with the flexibility to defer exercising options until a more opportune time. 2. Incentive Stock Options (ISO): SOS are generally granted to key employees and offer potential tax advantages. They are subject to specific IRS requirements, such as a 10-year exercise period and certain employment duration conditions. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date or upon the achievement of specific milestones. Unlike options, RSS do not require exercise or the purchase of shares, making them a simpler form of equity compensation. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stock at a discounted price, typically through regular payroll deductions. It provides employees with the opportunity to acquire shares often at a price lower than the market value, fostering a sense of ownership and aligning their interests with shareholders. The New Hampshire Employee Stock Option Plan of Vivien, Inc. is tailored to meet the needs of the company and its workforce, providing employees with a valuable opportunity to share in the company's success and aligning their financial interests with those of the shareholders.
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