Puerto Rico 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 Puerto Rico Employee Stock Option Plan (ESOP) of Vivien, Inc. is an attractive incentive program offered by the company to its employees. It is designed to empower and reward talented individuals, encouraging their loyalty and commitment towards the organization's growth. The plan provides employees with the opportunity to purchase company stock at a predetermined price, allowing them to benefit from potential future appreciation. One type of Puerto Rico Employee Stock Option Plan offered by Vivien, Inc. is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to exercise their stock options at their discretion, subject to certain vesting criteria and minimum holding periods. This allows employees to take advantage of favorable market conditions and exercise their options when the stock price is high, ultimately maximizing their financial gains. Another type of Puerto Rico Employee Stock Option Plan offered by Vivien, Inc. is the Incentive Stock Option (ISO). SOS are typically offered to key employees and come with certain tax advantages. To qualify for SOS, employees must meet specific eligibility requirements defined by the company. SOS are subject to stricter regulations on exercise and are aimed at promoting long-term commitment and loyalty among employees. The Puerto Rico Employee Stock Option Plan of Vivien, Inc. is a valuable tool for attracting and retaining top talent. It serves as a means for employees to participate in the company's success and align their interests with those of the organization. By offering different types of stock options, Vivien, Inc. ensures flexibility and cater to the varied needs of its employees, allowing them to capitalize on their stock holdings when it suits their financial goals. Through the Puerto Rico Employee Stock Option Plan, Vivien, Inc. showcases its commitment to fostering a positive work environment, where employees have the opportunity to grow both professionally and financially. It encourages a sense of ownership among employees and strengthens the overall connection they have with the company. The plan serves as a motivating factor for employees, as they can directly contribute to their own financial well-being while actively shaping the future success of Vivien, Inc.

The Puerto Rico Employee Stock Option Plan (ESOP) of Vivien, Inc. is an attractive incentive program offered by the company to its employees. It is designed to empower and reward talented individuals, encouraging their loyalty and commitment towards the organization's growth. The plan provides employees with the opportunity to purchase company stock at a predetermined price, allowing them to benefit from potential future appreciation. One type of Puerto Rico Employee Stock Option Plan offered by Vivien, Inc. is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to exercise their stock options at their discretion, subject to certain vesting criteria and minimum holding periods. This allows employees to take advantage of favorable market conditions and exercise their options when the stock price is high, ultimately maximizing their financial gains. Another type of Puerto Rico Employee Stock Option Plan offered by Vivien, Inc. is the Incentive Stock Option (ISO). SOS are typically offered to key employees and come with certain tax advantages. To qualify for SOS, employees must meet specific eligibility requirements defined by the company. SOS are subject to stricter regulations on exercise and are aimed at promoting long-term commitment and loyalty among employees. The Puerto Rico Employee Stock Option Plan of Vivien, Inc. is a valuable tool for attracting and retaining top talent. It serves as a means for employees to participate in the company's success and align their interests with those of the organization. By offering different types of stock options, Vivien, Inc. ensures flexibility and cater to the varied needs of its employees, allowing them to capitalize on their stock holdings when it suits their financial goals. Through the Puerto Rico Employee Stock Option Plan, Vivien, Inc. showcases its commitment to fostering a positive work environment, where employees have the opportunity to grow both professionally and financially. It encourages a sense of ownership among employees and strengthens the overall connection they have with the company. The plan serves as a motivating factor for employees, as they can directly contribute to their own financial well-being while actively shaping the future success of Vivien, Inc.