Pennsylvania 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 Pennsylvania Employee Stock Option Plan of Vivien, Inc. The Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees with an opportunity to acquire ownership in the company. This plan allows eligible employees of Vivien, Inc., a leading technology solutions provider based in Pennsylvania, to purchase company stock at a predetermined price within a specified timeframe. The Pennsylvania Employee Stock Option Plan grants employees the right, but not the obligation, to purchase a certain number of shares of Vivien, Inc. stock at a predetermined price, known as the exercise price. These stock options are typically offered as an incentive to attract and retain talented employees, fostering a sense of ownership and aligning their interests with the company's long-term success. There are different types of stock options available under Vivien, Inc.'s Pennsylvania Employee Stock Option Plan. These options include: 1. Non-Qualified Stock Options (SOS): Non-Qualified Stock Options are the most common type of stock options offered by Vivien, Inc. These options are available to all eligible employees and may be exercised at any time during a predetermined exercise period, usually after a vesting period. 2. Incentive Stock Options (SOS): Incentive Stock Options are typically granted to key employees and executives of Vivien, Inc. SOS offer potential tax advantages as they may qualify for preferential tax treatment. To retain this tax advantage, SOS are subject to specific holding period requirements and must be exercised within a certain timeframe after the employee's termination date. 3. Restricted Stock Units (RSS): Restricted Stock Units represent a promise to deliver a set number of shares of Vivien, Inc. stock after a predetermined vesting period. Unlike stock options, RSS do not require an upfront purchase but are granted outright to employees. Once the vesting conditions are met, RSS are converted into actual shares of Vivien, Inc. stock. Under the Pennsylvania Employee Stock Option Plan, eligible employees must meet certain criteria to participate. These criteria typically include factors such as length of employment, job title, and performance evaluations. The specific terms and conditions of the plan, including vesting schedules and exercise periods, are outlined in the plan documents provided to employees upon eligibility. Participating in the Pennsylvania Employee Stock Option Plan of Vivien, Inc. offers employees the potential for financial growth, allowing them to benefit from the company's success alongside their regular compensation. Additionally, it serves as a powerful retention tool, incentivizing employees to remain committed and motivated to contribute to Vivien, Inc.'s growth and profitability. Keywords: Pennsylvania Employee Stock Option Plan, Vivien, Inc., stock options, exercise price, ownership, incentive, eligible employees, vesting period, Non-Qualified Stock Options, Incentive Stock Options, Restricted Stock Units, tax advantages, holding period, vesting conditions, criteria, financial growth, retention tool, contribution, profitability.

Pennsylvania Employee Stock Option Plan of Vivien, Inc. The Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees with an opportunity to acquire ownership in the company. This plan allows eligible employees of Vivien, Inc., a leading technology solutions provider based in Pennsylvania, to purchase company stock at a predetermined price within a specified timeframe. The Pennsylvania Employee Stock Option Plan grants employees the right, but not the obligation, to purchase a certain number of shares of Vivien, Inc. stock at a predetermined price, known as the exercise price. These stock options are typically offered as an incentive to attract and retain talented employees, fostering a sense of ownership and aligning their interests with the company's long-term success. There are different types of stock options available under Vivien, Inc.'s Pennsylvania Employee Stock Option Plan. These options include: 1. Non-Qualified Stock Options (SOS): Non-Qualified Stock Options are the most common type of stock options offered by Vivien, Inc. These options are available to all eligible employees and may be exercised at any time during a predetermined exercise period, usually after a vesting period. 2. Incentive Stock Options (SOS): Incentive Stock Options are typically granted to key employees and executives of Vivien, Inc. SOS offer potential tax advantages as they may qualify for preferential tax treatment. To retain this tax advantage, SOS are subject to specific holding period requirements and must be exercised within a certain timeframe after the employee's termination date. 3. Restricted Stock Units (RSS): Restricted Stock Units represent a promise to deliver a set number of shares of Vivien, Inc. stock after a predetermined vesting period. Unlike stock options, RSS do not require an upfront purchase but are granted outright to employees. Once the vesting conditions are met, RSS are converted into actual shares of Vivien, Inc. stock. Under the Pennsylvania Employee Stock Option Plan, eligible employees must meet certain criteria to participate. These criteria typically include factors such as length of employment, job title, and performance evaluations. The specific terms and conditions of the plan, including vesting schedules and exercise periods, are outlined in the plan documents provided to employees upon eligibility. Participating in the Pennsylvania Employee Stock Option Plan of Vivien, Inc. offers employees the potential for financial growth, allowing them to benefit from the company's success alongside their regular compensation. Additionally, it serves as a powerful retention tool, incentivizing employees to remain committed and motivated to contribute to Vivien, Inc.'s growth and profitability. Keywords: Pennsylvania Employee Stock Option Plan, Vivien, Inc., stock options, exercise price, ownership, incentive, eligible employees, vesting period, Non-Qualified Stock Options, Incentive Stock Options, Restricted Stock Units, tax advantages, holding period, vesting conditions, criteria, financial growth, retention tool, contribution, profitability.