South Dakota 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 Dakota Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefits program designed to offer employees of the company the opportunity to purchase company stock at a discounted price. This plan is aimed at encouraging employee ownership and aligning their interests with the long-term success of Vivien, Inc. Under this plan, eligible employees are granted the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. The exercise price is often lower than the market value of the shares, giving employees an immediate financial advantage and incentive to participate in the plan. One key aspect of the South Dakota Employee Stock Option Plan of Vivien, Inc. is that it provides employees with the flexibility to exercise their options at a later date when they believe the stock price will increase. This allows employees to potentially benefit from any future appreciation in the company's stock value. There are different types of South Dakota Employee Stock Option Plans offered by Vivien, Inc., including: 1. Incentive Stock Options (SOS): These options are typically reserved for key employees and provide special tax advantages. The employees who exercise SOS may qualify for favorable tax treatment upon the sale of the acquired stock, subject to certain holding period requirements. 2. Non-Qualified Stock Options (Nests): Nests are more commonly offered to a broader group of employees. They do not have the same tax advantages as SOS but still offer valuable opportunities for employees to purchase company stock at a discount. 3. Restricted Stock Units (RSS): RSS are a variation of stock option plans that grant employees a specific number of shares, usually subject to a vesting schedule. Once vested, RSS convert into actual company stock and can be sold or held by the employee. 4. Employee Stock Purchase Plans (ESPN): ESPN are voluntary programs that allow eligible employees to contribute a specified percentage of their salary towards purchasing company stock at regular intervals, typically at a discounted price. This type of plan encourages long-term employee participation and can provide employees with a means of accumulating company stock gradually. Overall, Vivien, Inc.'s South Dakota Employee Stock Option Plan demonstrates a commitment to fostering employee engagement, loyalty, and shared success within the company. It offers employees the opportunity to become stakeholders in the company's growth while simultaneously providing potential financial benefits as the stock value increases over time.

The South Dakota Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefits program designed to offer employees of the company the opportunity to purchase company stock at a discounted price. This plan is aimed at encouraging employee ownership and aligning their interests with the long-term success of Vivien, Inc. Under this plan, eligible employees are granted the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. The exercise price is often lower than the market value of the shares, giving employees an immediate financial advantage and incentive to participate in the plan. One key aspect of the South Dakota Employee Stock Option Plan of Vivien, Inc. is that it provides employees with the flexibility to exercise their options at a later date when they believe the stock price will increase. This allows employees to potentially benefit from any future appreciation in the company's stock value. There are different types of South Dakota Employee Stock Option Plans offered by Vivien, Inc., including: 1. Incentive Stock Options (SOS): These options are typically reserved for key employees and provide special tax advantages. The employees who exercise SOS may qualify for favorable tax treatment upon the sale of the acquired stock, subject to certain holding period requirements. 2. Non-Qualified Stock Options (Nests): Nests are more commonly offered to a broader group of employees. They do not have the same tax advantages as SOS but still offer valuable opportunities for employees to purchase company stock at a discount. 3. Restricted Stock Units (RSS): RSS are a variation of stock option plans that grant employees a specific number of shares, usually subject to a vesting schedule. Once vested, RSS convert into actual company stock and can be sold or held by the employee. 4. Employee Stock Purchase Plans (ESPN): ESPN are voluntary programs that allow eligible employees to contribute a specified percentage of their salary towards purchasing company stock at regular intervals, typically at a discounted price. This type of plan encourages long-term employee participation and can provide employees with a means of accumulating company stock gradually. Overall, Vivien, Inc.'s South Dakota Employee Stock Option Plan demonstrates a commitment to fostering employee engagement, loyalty, and shared success within the company. It offers employees the opportunity to become stakeholders in the company's growth while simultaneously providing potential financial benefits as the stock value increases over time.