Tennessee 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 Tennessee Stock Incentive Plan of Abase Corp. is a comprehensive program designed to reward employees and executives of the company with various incentives tied to the financial performance and stock value of the company. This incentivizes employees to work towards the growth and success of the company, aligning their interests with those of the shareholders. The Tennessee Stock Incentive Plan offers different types of incentives to qualified participants, ensuring a fair distribution of rewards based on performance and contribution. These incentives include stock options, restricted stock units (RSS), performance share units (Plus), and stock appreciation rights (SARS). Stock options granted under the Tennessee Stock Incentive Plan provide employees the right to purchase company stock at a predetermined price, known as the exercise price. This allows employees to benefit from the potential appreciation in the company's stock value over time. RSS, on the other hand, are grants of actual company stock units that vest over a specified period, entitling the employee to receive the shares at a predetermined date or milestone. Plus are performance-based incentives that link the reward to specific performance targets or goals set by the company. These targets may include financial metrics such as revenue or earnings per share, as well as non-financial goals such as customer satisfaction or innovation. Employees receive a certain number of shares if the performance goals are met, and if not, the award may be forfeited. SARS, also known as stock appreciation rights, grant employees the right to receive the appreciation in the company's stock value over a specified period. This means that if the stock price increases during the period, the employee can exercise their SARS and receive the difference between the market price at exercise and the grant price. The Tennessee Stock Incentive Plan of Abase Corp. aims to incentivize and retain employees by tying their compensation to the success of the company. By offering a diverse range of incentives, the plan ensures that different types of contributions and achievements are appropriately recognized and rewarded. This helps foster a positive and performance-driven work culture while aligning the interests of employees and shareholders in Abase Corp.

The Tennessee Stock Incentive Plan of Abase Corp. is a comprehensive program designed to reward employees and executives of the company with various incentives tied to the financial performance and stock value of the company. This incentivizes employees to work towards the growth and success of the company, aligning their interests with those of the shareholders. The Tennessee Stock Incentive Plan offers different types of incentives to qualified participants, ensuring a fair distribution of rewards based on performance and contribution. These incentives include stock options, restricted stock units (RSS), performance share units (Plus), and stock appreciation rights (SARS). Stock options granted under the Tennessee Stock Incentive Plan provide employees the right to purchase company stock at a predetermined price, known as the exercise price. This allows employees to benefit from the potential appreciation in the company's stock value over time. RSS, on the other hand, are grants of actual company stock units that vest over a specified period, entitling the employee to receive the shares at a predetermined date or milestone. Plus are performance-based incentives that link the reward to specific performance targets or goals set by the company. These targets may include financial metrics such as revenue or earnings per share, as well as non-financial goals such as customer satisfaction or innovation. Employees receive a certain number of shares if the performance goals are met, and if not, the award may be forfeited. SARS, also known as stock appreciation rights, grant employees the right to receive the appreciation in the company's stock value over a specified period. This means that if the stock price increases during the period, the employee can exercise their SARS and receive the difference between the market price at exercise and the grant price. The Tennessee Stock Incentive Plan of Abase Corp. aims to incentivize and retain employees by tying their compensation to the success of the company. By offering a diverse range of incentives, the plan ensures that different types of contributions and achievements are appropriately recognized and rewarded. This helps foster a positive and performance-driven work culture while aligning the interests of employees and shareholders in Abase Corp.