Ohio 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 Ohio Stock Incentive Plan of Abase Corp. is a comprehensive employee benefit program that rewards eligible employees with company stock as a form of long-term compensation. This incentivizes employees to contribute to the growth and success of Abase Corp., while also aligning their interests with those of the shareholders. Through the Ohio Stock Incentive Plan, Abase Corp. offers different types of stock-based incentives to its employees. These include: 1. Stock Options: This plan grants employees the right to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Stock options typically have a vesting period, after which employees can exercise their options and buy shares. 2. Restricted Stock Units (RSS): RSS are awards of company stock that are subject to certain restrictions and vesting conditions. Once the restrictions are lifted, RSS convert into actual company shares. These are valuable incentives as they allow employees to benefit from the stock's appreciation over time. 3. Performance Shares: Performance shares are granted to employees based on the achievement of predetermined performance goals. The number of shares awarded depends on the level of achievement. Performance shares encourage employees to actively contribute to Abase Corp.'s growth and profitability. 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of a specified number of company shares at a future date. Unlike stock options, SARS do not require employees to purchase shares. Instead, they receive the monetary equivalent of the stock's appreciation. These different types of stock incentives offered through the Ohio Stock Incentive Plan provide employees with opportunities to participate in Abase Corp.'s future success and financial performance. They motivate and engage employees, as the value of their rewards is tied directly to the company's stock price. Abase Corp. believes that these incentives contribute to building a strong, high-performing workforce, thereby enhancing shareholder value.

The Ohio Stock Incentive Plan of Abase Corp. is a comprehensive employee benefit program that rewards eligible employees with company stock as a form of long-term compensation. This incentivizes employees to contribute to the growth and success of Abase Corp., while also aligning their interests with those of the shareholders. Through the Ohio Stock Incentive Plan, Abase Corp. offers different types of stock-based incentives to its employees. These include: 1. Stock Options: This plan grants employees the right to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Stock options typically have a vesting period, after which employees can exercise their options and buy shares. 2. Restricted Stock Units (RSS): RSS are awards of company stock that are subject to certain restrictions and vesting conditions. Once the restrictions are lifted, RSS convert into actual company shares. These are valuable incentives as they allow employees to benefit from the stock's appreciation over time. 3. Performance Shares: Performance shares are granted to employees based on the achievement of predetermined performance goals. The number of shares awarded depends on the level of achievement. Performance shares encourage employees to actively contribute to Abase Corp.'s growth and profitability. 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of a specified number of company shares at a future date. Unlike stock options, SARS do not require employees to purchase shares. Instead, they receive the monetary equivalent of the stock's appreciation. These different types of stock incentives offered through the Ohio Stock Incentive Plan provide employees with opportunities to participate in Abase Corp.'s future success and financial performance. They motivate and engage employees, as the value of their rewards is tied directly to the company's stock price. Abase Corp. believes that these incentives contribute to building a strong, high-performing workforce, thereby enhancing shareholder value.