South Carolina 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 South Carolina Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that aims to reward and motivate employees by providing them with an opportunity to own a stake in the company. This plan allows employees to purchase company shares at a predetermined price, known as the exercise price, during a specified period. Vivien, Inc. is a company based in South Carolina that specializes in [insert the company's specialization — e.g., biotechnology, software development, etc.]. The company's stellar performance and growth prospects make it an attractive investment opportunity for its employees. Through the South Carolina Employee Stock Option Plan, employees are able to acquire a sense of ownership and alignment with Vivien's long-term objectives. By being stakeholders, employees are directly linked to the success and profitability of the company, fostering a strong sense of dedication, motivation, and loyalty. There are several types of stock options available under the South Carolina Employee Stock Option Plan of Vivien, Inc.: 1. Non-Qualified Stock Options (Nests): These are the most common type of stock options offered to employees. Nests provide employees with the right to purchase company shares at a predetermined price, usually lower than the market value. Employees can exercise their options after a vesting period, typically three to five years. This type of option is subject to regular income tax rates upon exercise. 2. Incentive Stock Options (SOS): SOS are another type of stock option that Vivien, Inc. may offer to its employees. SOS offer potential tax advantages, as they are generally subject to long-term capital gains tax rates instead of regular income tax rates. To qualify for ISO treatment, certain requirements must be met, such as holding the stock for a specific period and not exceeding a certain exercise price. 3. Restricted Stock Units (RSS): While not technically options, RSS are often included as part of a comprehensive Employee Stock Option Plan. RSS are granted to employees as an award or incentive, and they represent a promise to receive company stock at a predetermined future date or upon the achievement of certain performance milestones. RSS are typically subject to vesting periods and may be settled in company shares or cash equivalents upon maturity. It's important to note that the specific details of South Carolina Employee Stock Option Plan of Vivien, Inc., such as vesting schedules, eligibility criteria, and exercise prices, may vary depending on the company's policies and guidelines. Employees are advised to consult the plan documents and seek guidance from financial advisors when considering participating in the program.

The South Carolina Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program that aims to reward and motivate employees by providing them with an opportunity to own a stake in the company. This plan allows employees to purchase company shares at a predetermined price, known as the exercise price, during a specified period. Vivien, Inc. is a company based in South Carolina that specializes in [insert the company's specialization — e.g., biotechnology, software development, etc.]. The company's stellar performance and growth prospects make it an attractive investment opportunity for its employees. Through the South Carolina Employee Stock Option Plan, employees are able to acquire a sense of ownership and alignment with Vivien's long-term objectives. By being stakeholders, employees are directly linked to the success and profitability of the company, fostering a strong sense of dedication, motivation, and loyalty. There are several types of stock options available under the South Carolina Employee Stock Option Plan of Vivien, Inc.: 1. Non-Qualified Stock Options (Nests): These are the most common type of stock options offered to employees. Nests provide employees with the right to purchase company shares at a predetermined price, usually lower than the market value. Employees can exercise their options after a vesting period, typically three to five years. This type of option is subject to regular income tax rates upon exercise. 2. Incentive Stock Options (SOS): SOS are another type of stock option that Vivien, Inc. may offer to its employees. SOS offer potential tax advantages, as they are generally subject to long-term capital gains tax rates instead of regular income tax rates. To qualify for ISO treatment, certain requirements must be met, such as holding the stock for a specific period and not exceeding a certain exercise price. 3. Restricted Stock Units (RSS): While not technically options, RSS are often included as part of a comprehensive Employee Stock Option Plan. RSS are granted to employees as an award or incentive, and they represent a promise to receive company stock at a predetermined future date or upon the achievement of certain performance milestones. RSS are typically subject to vesting periods and may be settled in company shares or cash equivalents upon maturity. It's important to note that the specific details of South Carolina Employee Stock Option Plan of Vivien, Inc., such as vesting schedules, eligibility criteria, and exercise prices, may vary depending on the company's policies and guidelines. Employees are advised to consult the plan documents and seek guidance from financial advisors when considering participating in the program.