Nevada 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 Nevada Employee Stock Option Plan (ESOP) of Vivien, Inc. is an innovative program designed to empower and reward employees through stock ownership. As a Nevada-based company, Vivien believes in fostering a culture of collaboration, dedication, and long-term commitment among its talented workforce. The ESOP serves as an integral part of this ethos, aiming to align the interests of employees with the company's overall success. Under the Nevada ESOP of Vivien, Inc., employees are granted stock options, providing them with the opportunity to purchase company shares at a predetermined price within a specified timeframe. These options are offered as an additional benefit, recognizing the valuable contributions each employee makes towards meeting strategic objectives and driving growth. The Nevada ESOP includes various types of stock options tailored to meet the diverse needs and goals of Vivien employees. These may include: 1. Incentive Stock Options (SOS): This type of stock option is primarily reserved for specific employees, typically executives or key personnel. SOS are governed by strict rules and regulations set forth by the Nevada ESOP, providing tax advantages to eligible employees. 2. Non-Qualified Stock Options (Nests): Nests are an alternative form of stock options offered to employees who may not qualify for SOS or prefer a different type of stock option. Nests grant employees the right to purchase company shares at a set price, allowing them to benefit from potential appreciation in the stock value over time. 3. Restricted Stock Units (RSS): RSS are another variation of stock options provided under the Nevada ESOP. Instead of granting employees the right to purchase shares at a specific price, RSS represent an award of company stock that is subject to certain vesting requirements. Once the vested period ends, the RSS are converted into actual shares of Vivien stock, enabling employees to enjoy the benefits of ownership. It is important to note that the specific terms and conditions of the Nevada ESOP may vary based on an employee's position, tenure, performance, and other relevant factors. Vivien, Inc. values transparency and ensures that all employees are well-informed of their stock option benefits and the associated terms. In conclusion, the Nevada Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive program that aims to motivate, engage, and retain talented individuals by granting them the opportunity to own a stake in the company's success. Through various types of stock options, such as SOS, Nests, and RSS, employees can actively participate in Vivien's growth trajectory while reaping the potential financial rewards of stock ownership.

The Nevada Employee Stock Option Plan (ESOP) of Vivien, Inc. is an innovative program designed to empower and reward employees through stock ownership. As a Nevada-based company, Vivien believes in fostering a culture of collaboration, dedication, and long-term commitment among its talented workforce. The ESOP serves as an integral part of this ethos, aiming to align the interests of employees with the company's overall success. Under the Nevada ESOP of Vivien, Inc., employees are granted stock options, providing them with the opportunity to purchase company shares at a predetermined price within a specified timeframe. These options are offered as an additional benefit, recognizing the valuable contributions each employee makes towards meeting strategic objectives and driving growth. The Nevada ESOP includes various types of stock options tailored to meet the diverse needs and goals of Vivien employees. These may include: 1. Incentive Stock Options (SOS): This type of stock option is primarily reserved for specific employees, typically executives or key personnel. SOS are governed by strict rules and regulations set forth by the Nevada ESOP, providing tax advantages to eligible employees. 2. Non-Qualified Stock Options (Nests): Nests are an alternative form of stock options offered to employees who may not qualify for SOS or prefer a different type of stock option. Nests grant employees the right to purchase company shares at a set price, allowing them to benefit from potential appreciation in the stock value over time. 3. Restricted Stock Units (RSS): RSS are another variation of stock options provided under the Nevada ESOP. Instead of granting employees the right to purchase shares at a specific price, RSS represent an award of company stock that is subject to certain vesting requirements. Once the vested period ends, the RSS are converted into actual shares of Vivien stock, enabling employees to enjoy the benefits of ownership. It is important to note that the specific terms and conditions of the Nevada ESOP may vary based on an employee's position, tenure, performance, and other relevant factors. Vivien, Inc. values transparency and ensures that all employees are well-informed of their stock option benefits and the associated terms. In conclusion, the Nevada Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive program that aims to motivate, engage, and retain talented individuals by granting them the opportunity to own a stake in the company's success. Through various types of stock options, such as SOS, Nests, and RSS, employees can actively participate in Vivien's growth trajectory while reaping the potential financial rewards of stock ownership.