New Jersey 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 New Jersey Employee Stock Option Plan (ESOP) of Vivien, Inc. is a robust employee benefit program aimed at motivating and rewarding the dedicated workforce of the company. This plan enables employees to purchase a specific number of company shares at a predetermined price within a designated time frame, offering them an opportunity to become shareholders in Vivien, Inc. through stock ownership. Vivien, Inc. understands the importance of retaining and attracting talented professionals who contribute significantly to the company's growth and success. The ESOP serves as a valuable tool to achieve this goal by aligning employee interests with company performance and fostering a sense of ownership and loyalty among the workforce. The New Jersey Employee Stock Option Plan of Vivien, Inc. provides employees with various benefits and features. Firstly, it grants eligible employees the opportunity to acquire company stock at a predetermined discount or market price, allowing them to benefit from potential increases in the stock's value over time. By participating in the ESOP, employees can build personal wealth and realize financial gains through the appreciation of Vivien, Inc.'s stock. Additionally, the ESOP helps to create a shared vision within the organization, as employees have a vested interest in the company's success. This encourages them to actively contribute to the company's goals and objectives, resulting in increased productivity and overall performance. Furthermore, the New Jersey Employee Stock Option Plan of Vivien, Inc. provides employees with flexibility in terms of exercising their stock options. It offers a range of exercise periods, allowing employees to choose when to exercise their options based on their individual financial circumstances and market conditions. Within the New Jersey Employee Stock Option Plan, Vivien, Inc. may offer different types of stock options to its employees. These options can include: 1. Non-Qualified Stock Options: These are stock options that do not meet the criteria for special tax treatment under the Internal Revenue Code. Employees typically receive these options at fair market value at the time of grant, and any gains upon exercise are subject to regular income tax rates. 2. Incentive Stock Options: These options are specifically granted to employees and come with certain tax advantages. To qualify for preferential tax treatment, employees must meet specific criteria, such as holding the stock for a specified period before selling and not exceeding a certain exercise price. 3. Restricted Stock Units (RSS): RSS are a form of compensation where employees are awarded units that convert into company stock at a predetermined schedule or upon meeting certain performance goals. RSS provide employees with an opportunity to accumulate company stock over time, promoting long-term commitment and loyalty. In conclusion, the New Jersey Employee Stock Option Plan of Vivien, Inc. is a valuable employee benefit program that enables employees to become shareholders in the company, aligning their interests with its success. Through various types of stock options, employees have the opportunity to accumulate wealth, actively contribute to the company's growth, and foster a sense of ownership and loyalty.

The New Jersey Employee Stock Option Plan (ESOP) of Vivien, Inc. is a robust employee benefit program aimed at motivating and rewarding the dedicated workforce of the company. This plan enables employees to purchase a specific number of company shares at a predetermined price within a designated time frame, offering them an opportunity to become shareholders in Vivien, Inc. through stock ownership. Vivien, Inc. understands the importance of retaining and attracting talented professionals who contribute significantly to the company's growth and success. The ESOP serves as a valuable tool to achieve this goal by aligning employee interests with company performance and fostering a sense of ownership and loyalty among the workforce. The New Jersey Employee Stock Option Plan of Vivien, Inc. provides employees with various benefits and features. Firstly, it grants eligible employees the opportunity to acquire company stock at a predetermined discount or market price, allowing them to benefit from potential increases in the stock's value over time. By participating in the ESOP, employees can build personal wealth and realize financial gains through the appreciation of Vivien, Inc.'s stock. Additionally, the ESOP helps to create a shared vision within the organization, as employees have a vested interest in the company's success. This encourages them to actively contribute to the company's goals and objectives, resulting in increased productivity and overall performance. Furthermore, the New Jersey Employee Stock Option Plan of Vivien, Inc. provides employees with flexibility in terms of exercising their stock options. It offers a range of exercise periods, allowing employees to choose when to exercise their options based on their individual financial circumstances and market conditions. Within the New Jersey Employee Stock Option Plan, Vivien, Inc. may offer different types of stock options to its employees. These options can include: 1. Non-Qualified Stock Options: These are stock options that do not meet the criteria for special tax treatment under the Internal Revenue Code. Employees typically receive these options at fair market value at the time of grant, and any gains upon exercise are subject to regular income tax rates. 2. Incentive Stock Options: These options are specifically granted to employees and come with certain tax advantages. To qualify for preferential tax treatment, employees must meet specific criteria, such as holding the stock for a specified period before selling and not exceeding a certain exercise price. 3. Restricted Stock Units (RSS): RSS are a form of compensation where employees are awarded units that convert into company stock at a predetermined schedule or upon meeting certain performance goals. RSS provide employees with an opportunity to accumulate company stock over time, promoting long-term commitment and loyalty. In conclusion, the New Jersey Employee Stock Option Plan of Vivien, Inc. is a valuable employee benefit program that enables employees to become shareholders in the company, aligning their interests with its success. Through various types of stock options, employees have the opportunity to accumulate wealth, actively contribute to the company's growth, and foster a sense of ownership and loyalty.