Oklahoma 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 Oklahoma Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is an employee benefit program designed to provide eligible employees with an opportunity to acquire ownership interest in the company. This plan allows employees to purchase company stocks at a predetermined price over a set period, offering them a chance to share in the company's growth and success. Vivien, Inc., a reputable company based in Oklahoma, recognizes the importance of empowering its workforce and cultivating a sense of ownership. By implementing an Employee Stock Option Plan, Vivien aims to reward and incentivize its employees, fostering loyalty, motivation, and long-term commitment. The Oklahoma Employee Stock Option Plan of Vivien, Inc. provides various types of stock options to suit the different needs and preferences of employees. Some key types of stock options include: 1. Non-Qualified Stock Options (Nests): These stock options allow employees to purchase company shares at a predetermined price within a specified time frame. Nests typically offer more flexibility in terms of exercise price and are subject to taxation upon exercise. 2. Incentive Stock Options (SOS): SOS are a type of employee stock option that provide potential tax advantages to the employees. Employees who exercise SOS may enjoy favorable tax treatment by deferring the taxation of the stock gains until they sell the acquired shares. 3. Restricted Stock Units (RSS): RSS are another type of employee equity compensation offered by Vivien. Instead of providing the ability to purchase company stocks at a specific price, RSS grant employees the right to receive company shares at a future date once certain conditions, such as a specified vesting period, are met. RSS are often subject to various vesting schedules and can offer significant value appreciation over time. Vivien's Oklahoma Employee Stock Option Plan aims to align the interests of employees with the company's overall success. The plan encourages employees to actively contribute to the company's growth and profitability while providing them with an opportunity to accumulate personal wealth through stock ownership. The ESOP program is carefully designed to attract and retain talented individuals by offering an additional incentive beyond traditional compensation packages. Employee participation in the ESOP can cultivate a collaborative and entrepreneurial work environment, as employees become more vested in the company's performance and overall success. In conclusion, Vivien, Inc.'s Oklahoma Employee Stock Option Plan encompasses various types of stock options, including non-qualified stock options, incentive stock options, and restricted stock units. By implementing this comprehensive employee benefit program, Vivien aims to foster employee loyalty, motivation, and long-term commitment while providing a means for employees to share in the company's growth and financial success.

The Oklahoma Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is an employee benefit program designed to provide eligible employees with an opportunity to acquire ownership interest in the company. This plan allows employees to purchase company stocks at a predetermined price over a set period, offering them a chance to share in the company's growth and success. Vivien, Inc., a reputable company based in Oklahoma, recognizes the importance of empowering its workforce and cultivating a sense of ownership. By implementing an Employee Stock Option Plan, Vivien aims to reward and incentivize its employees, fostering loyalty, motivation, and long-term commitment. The Oklahoma Employee Stock Option Plan of Vivien, Inc. provides various types of stock options to suit the different needs and preferences of employees. Some key types of stock options include: 1. Non-Qualified Stock Options (Nests): These stock options allow employees to purchase company shares at a predetermined price within a specified time frame. Nests typically offer more flexibility in terms of exercise price and are subject to taxation upon exercise. 2. Incentive Stock Options (SOS): SOS are a type of employee stock option that provide potential tax advantages to the employees. Employees who exercise SOS may enjoy favorable tax treatment by deferring the taxation of the stock gains until they sell the acquired shares. 3. Restricted Stock Units (RSS): RSS are another type of employee equity compensation offered by Vivien. Instead of providing the ability to purchase company stocks at a specific price, RSS grant employees the right to receive company shares at a future date once certain conditions, such as a specified vesting period, are met. RSS are often subject to various vesting schedules and can offer significant value appreciation over time. Vivien's Oklahoma Employee Stock Option Plan aims to align the interests of employees with the company's overall success. The plan encourages employees to actively contribute to the company's growth and profitability while providing them with an opportunity to accumulate personal wealth through stock ownership. The ESOP program is carefully designed to attract and retain talented individuals by offering an additional incentive beyond traditional compensation packages. Employee participation in the ESOP can cultivate a collaborative and entrepreneurial work environment, as employees become more vested in the company's performance and overall success. In conclusion, Vivien, Inc.'s Oklahoma Employee Stock Option Plan encompasses various types of stock options, including non-qualified stock options, incentive stock options, and restricted stock units. By implementing this comprehensive employee benefit program, Vivien aims to foster employee loyalty, motivation, and long-term commitment while providing a means for employees to share in the company's growth and financial success.