Oklahoma 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 Oklahoma Stock Incentive Plan of Abase Corp. is a comprehensive program designed to attract and retain talented individuals by offering them an opportunity to participate in the company's growth and success through stock-based incentives. This plan provides employees with a valuable means of sharing in the company's financial achievements and aligning their interests with those of the shareholders. The Oklahoma Stock Incentive Plan of Abase Corp. exists in different variations, including: 1. Oklahoma Stock Option Plan: This plan allows eligible employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. By offering stock options, Abase Corp. aims to motivate employees to contribute to the company's long-term growth while simultaneously rewarding them for their efforts. 2. Oklahoma Restricted Stock Units (RSS) Plan: Under this plan, eligible employees are granted a specific number of RSS, which represent the right to receive company shares at a future date. RSS typically have vesting requirements, ensuring that employees remain with the company for a predetermined period to receive the full benefits of the grant. RSS align the interests of employees with those of the shareholders, as the value of the awarded shares is directly linked to the company's performance. 3. Oklahoma Performance Share Units (Plus) Plan: The Performance Share Units Plan provides employees with an opportunity to receive company shares based on the attainment of predetermined performance goals. The number of shares granted is contingent upon the achievement of specific targets, such as financial metrics or stock market performance. This plan incentivizes employees to actively contribute to Abase Corp.'s success and fosters a performance-driven culture within the organization. 4. Oklahoma Employee Stock Purchase Plan (ESPN): The Employee Stock Purchase Plan enables employees to purchase company stock at a discounted price, typically through payroll deductions. This plan encourages broad-based employee participation and aligns their interests with the long-term growth of Abase Corp. These various options allow Abasing Corp. to tailor the stock incentive program to suit different employee needs and objectives. By providing employees with an opportunity to gain a stake in the company's success, Abase Corp. aims to enhance morale, foster loyalty, and drive motivation, ultimately resulting in the achievement of organizational goals and shareholder value creation.

The Oklahoma Stock Incentive Plan of Abase Corp. is a comprehensive program designed to attract and retain talented individuals by offering them an opportunity to participate in the company's growth and success through stock-based incentives. This plan provides employees with a valuable means of sharing in the company's financial achievements and aligning their interests with those of the shareholders. The Oklahoma Stock Incentive Plan of Abase Corp. exists in different variations, including: 1. Oklahoma Stock Option Plan: This plan allows eligible employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. By offering stock options, Abase Corp. aims to motivate employees to contribute to the company's long-term growth while simultaneously rewarding them for their efforts. 2. Oklahoma Restricted Stock Units (RSS) Plan: Under this plan, eligible employees are granted a specific number of RSS, which represent the right to receive company shares at a future date. RSS typically have vesting requirements, ensuring that employees remain with the company for a predetermined period to receive the full benefits of the grant. RSS align the interests of employees with those of the shareholders, as the value of the awarded shares is directly linked to the company's performance. 3. Oklahoma Performance Share Units (Plus) Plan: The Performance Share Units Plan provides employees with an opportunity to receive company shares based on the attainment of predetermined performance goals. The number of shares granted is contingent upon the achievement of specific targets, such as financial metrics or stock market performance. This plan incentivizes employees to actively contribute to Abase Corp.'s success and fosters a performance-driven culture within the organization. 4. Oklahoma Employee Stock Purchase Plan (ESPN): The Employee Stock Purchase Plan enables employees to purchase company stock at a discounted price, typically through payroll deductions. This plan encourages broad-based employee participation and aligns their interests with the long-term growth of Abase Corp. These various options allow Abasing Corp. to tailor the stock incentive program to suit different employee needs and objectives. By providing employees with an opportunity to gain a stake in the company's success, Abase Corp. aims to enhance morale, foster loyalty, and drive motivation, ultimately resulting in the achievement of organizational goals and shareholder value creation.