Rhode Island 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 Rhode Island Stock Incentive Plan of Abase Corp. is a comprehensive compensation program designed to incentivize and reward employees for their contributions to the company's growth and success. This plan aims to motivate employees by providing them with an opportunity to acquire ownership in Abase Corp. through stock-based awards. The Rhode Island Stock Incentive Plan consists of various types of stock-based awards that are granted to eligible employees. These awards include stock options, restricted stock units (RSS), stock appreciation rights (SARS), and performance-based stock awards. Each type of award has its own unique characteristics and benefits. Stock options are a popular component of the Rhode Island Stock Incentive Plan, offering employees the right to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period during which employees must remain with the company to be eligible to exercise them. Restricted stock units (RSS) are another type of award under the Rhode Island Stock Incentive Plan. With RSS, employees receive a specific number of company shares that cannot be sold or transferred until certain conditions are met, such as the completion of a specified vesting period or the achievement of performance targets. Stock appreciation rights (SARS) are a form of award that provides employees with the right to receive the appreciation in the value of a specified number of shares over a specific period. When SARS are exercised, employees receive the equivalent cash value of the appreciation in stock value. The Rhode Island Stock Incentive Plan may also include performance-based stock awards, which are granted based on the achievement of certain performance goals or milestones. These awards provide employees with an additional incentive to help drive Abase Corp.'s financial and strategic objectives. Overall, the Rhode Island Stock Incentive Plan of Abase Corp. offers a wide array of stock-based awards to align the interests of employees with the long-term success of the company. By granting employees an opportunity to become shareholders and benefit from the company's growth, the plan fosters a sense of ownership, commitment, and motivation among Abase Corp.'s workforce.

The Rhode Island Stock Incentive Plan of Abase Corp. is a comprehensive compensation program designed to incentivize and reward employees for their contributions to the company's growth and success. This plan aims to motivate employees by providing them with an opportunity to acquire ownership in Abase Corp. through stock-based awards. The Rhode Island Stock Incentive Plan consists of various types of stock-based awards that are granted to eligible employees. These awards include stock options, restricted stock units (RSS), stock appreciation rights (SARS), and performance-based stock awards. Each type of award has its own unique characteristics and benefits. Stock options are a popular component of the Rhode Island Stock Incentive Plan, offering employees the right to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period during which employees must remain with the company to be eligible to exercise them. Restricted stock units (RSS) are another type of award under the Rhode Island Stock Incentive Plan. With RSS, employees receive a specific number of company shares that cannot be sold or transferred until certain conditions are met, such as the completion of a specified vesting period or the achievement of performance targets. Stock appreciation rights (SARS) are a form of award that provides employees with the right to receive the appreciation in the value of a specified number of shares over a specific period. When SARS are exercised, employees receive the equivalent cash value of the appreciation in stock value. The Rhode Island Stock Incentive Plan may also include performance-based stock awards, which are granted based on the achievement of certain performance goals or milestones. These awards provide employees with an additional incentive to help drive Abase Corp.'s financial and strategic objectives. Overall, the Rhode Island Stock Incentive Plan of Abase Corp. offers a wide array of stock-based awards to align the interests of employees with the long-term success of the company. By granting employees an opportunity to become shareholders and benefit from the company's growth, the plan fosters a sense of ownership, commitment, and motivation among Abase Corp.'s workforce.