Rhode Island 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 Rhode Island Employee Stock Option Plan of Vivien, Inc. — Detailed Overview Vivigen, Inc., a renowned company based in Rhode Island, offers its employees an enticing compensation package in the form of the Rhode Island Employee Stock Option Plan. This plan grants eligible employees the opportunity to purchase company shares at a predetermined price within a specific timeframe. It serves as a valuable incentive, allowing employees to reap the rewards of their hard work and commitment to the company's success. The Rhode Island Employee Stock Option Plan is structured to align the interests of employees with the long-term growth and profitability of Vivien, Inc. By providing employees with the ability to acquire ownership, the company fosters a sense of ownership and dedication among its workforce. This plan not only enhances employee motivation and loyalty but also encourages them to contribute to the company's overall prosperity. Types of Rhode Island Employee Stock Option Plan offered by Vivien, Inc.: 1. Standard Employee Stock Option Plan: This plan is available to all eligible employees of Vivien, Inc. It provides a specified number of stock options that can be purchased by employees at a fixed price, called the exercise price. These options usually have specific vesting periods and expiry dates, which create an incentive for employees to remain with the company and contribute to its growth over the long term. 2. Performance-Based Stock Option Plan: Vivien, Inc. also offers a performance-based stock option plan to reward exceptional employee performance. Under this plan, employees receive stock options based on predetermined performance criteria or goals set by the company. Employees who meet or exceed these performance targets become eligible for stock option grants, enabling them to benefit from Vivien, Inc.'s success directly. 3. Executive Stock Option Plan: This plan is exclusively designed for senior-level executives, providing them with additional benefits and incentives to drive the company's strategic objectives. The executive stock option plan offers a higher number of stock options with potentially more favorable terms, reflecting the pivotal role these executives play in shaping the company's growth and profitability. Keywords: Vivien, Inc., Rhode Island, Employee Stock Option Plan, compensation package, company shares, predetermined price, incentive, ownership, motivation, loyalty, long-term growth, profitability, standard employee stock option plan, vesting periods, expiry dates, performance-based stock option plan, performance criteria, goals, executive stock option plan, senior-level executives, strategic objectives.

Rhode Island Employee Stock Option Plan of Vivien, Inc. — Detailed Overview Vivigen, Inc., a renowned company based in Rhode Island, offers its employees an enticing compensation package in the form of the Rhode Island Employee Stock Option Plan. This plan grants eligible employees the opportunity to purchase company shares at a predetermined price within a specific timeframe. It serves as a valuable incentive, allowing employees to reap the rewards of their hard work and commitment to the company's success. The Rhode Island Employee Stock Option Plan is structured to align the interests of employees with the long-term growth and profitability of Vivien, Inc. By providing employees with the ability to acquire ownership, the company fosters a sense of ownership and dedication among its workforce. This plan not only enhances employee motivation and loyalty but also encourages them to contribute to the company's overall prosperity. Types of Rhode Island Employee Stock Option Plan offered by Vivien, Inc.: 1. Standard Employee Stock Option Plan: This plan is available to all eligible employees of Vivien, Inc. It provides a specified number of stock options that can be purchased by employees at a fixed price, called the exercise price. These options usually have specific vesting periods and expiry dates, which create an incentive for employees to remain with the company and contribute to its growth over the long term. 2. Performance-Based Stock Option Plan: Vivien, Inc. also offers a performance-based stock option plan to reward exceptional employee performance. Under this plan, employees receive stock options based on predetermined performance criteria or goals set by the company. Employees who meet or exceed these performance targets become eligible for stock option grants, enabling them to benefit from Vivien, Inc.'s success directly. 3. Executive Stock Option Plan: This plan is exclusively designed for senior-level executives, providing them with additional benefits and incentives to drive the company's strategic objectives. The executive stock option plan offers a higher number of stock options with potentially more favorable terms, reflecting the pivotal role these executives play in shaping the company's growth and profitability. Keywords: Vivien, Inc., Rhode Island, Employee Stock Option Plan, compensation package, company shares, predetermined price, incentive, ownership, motivation, loyalty, long-term growth, profitability, standard employee stock option plan, vesting periods, expiry dates, performance-based stock option plan, performance criteria, goals, executive stock option plan, senior-level executives, strategic objectives.