Vermont 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 Vermont Employee Stock Option Plan of Vivien, Inc. (AESOP) — A Comprehensive Overview Introduction: The Vermont Employee Stock Option Plan (AESOP) is a unique employee benefit program offered by Vivien, Inc., a leading biotechnology company headquartered in Vermont. AESOP allows eligible employees of Vivien to have the opportunity to own a stake in the company through stock options. This detailed description will provide insights into the various components, benefits, and features of AESOP, highlighting its significance for employees and the organization as a whole. Key Features of AESOP: 1. Eligibility: AESOP is available to all permanent full-time employees of Vivien, Inc. who meet the predetermined eligibility criteria set by the company. 2. Stock Options: Under AESOP, eligible employees are granted stock options, which provide them the right to purchase a specified number of Vivien shares at a predetermined exercise price. 3. Vesting Schedule: To ensure employee retention and loyalty, AESOP utilizes a vesting schedule. This means that employees must work for a specific duration, typically referred to as a vesting period, before they can exercise their stock options entirely. Vesting periods are usually structured over multiple years to incentivize long-term commitment. 4. Stock Option Exercise Period: Upon completing the vesting period, employees are granted an exercise period during which they can purchase the company's shares using their stock options. This provides them the opportunity to benefit from the potential appreciation of Vivien's stock value over time. 5. Tax Benefits: AESOP may offer certain tax advantages to employees, as it allows them to defer taxation until they exercise their stock options or sell the acquired shares. Employees are encouraged to consult a professional tax advisor to understand the specific tax implications relevant to their individual situations. Types of AESOP: 1. Standard AESOP: The Standard AESOP is the primary stock option plan offered to eligible employees. It follows the establishment's general guidelines and features outlined in the AESOP program. 2. Executive AESOP: Vivien, Inc. may also offer an Executive AESOP tailored specifically for executives or senior management. This plan may include additional benefits, such as higher stock option grants, accelerated vesting schedules, or other customized features, designed to attract and retain top talent. Benefits of AESOP: 1. Employee Ownership: AESOP allows employees to become stakeholders in the company and align their financial interests with the success of Vivien. This fosters a sense of ownership, motivation, and pride among the workforce. 2. Long-Term Incentive: By rewarding employees with stock options, AESOP serves as a long-term incentive, encouraging them to contribute to the company's growth and profitability consistently. 3. Retention Tool: The vesting schedule of AESOP promotes employee retention by providing a strong incentive to remain with Vivien, Inc. for the duration of the vesting period. 4. Wealth Creation: As the stock value of Vivien increases over time, employees who exercise their stock options can potentially benefit from the appreciation of the company's shares, thus creating wealth alongside their regular compensation. Conclusion: The Vermont Employee Stock Option Plan (AESOP) is a valuable employee benefit program offered by Vivien, Inc., providing eligible employees with the opportunity to own a stake in the company. Through stock options, AESOP aligns the employees' financial interests with the company's growth and fosters a sense of ownership. With its various features, AESOP acts as a long-term incentive and retention tool while offering the potential for additional wealth creation. Vivien, Inc. may also customize AESOP to cater to the specific needs of its executive team through an Executive AESOP. Overall, AESOP symbolizes the commitment of Vivien towards its employees' financial success and corporate stewardship.

Vermont Employee Stock Option Plan of Vivien, Inc. (AESOP) — A Comprehensive Overview Introduction: The Vermont Employee Stock Option Plan (AESOP) is a unique employee benefit program offered by Vivien, Inc., a leading biotechnology company headquartered in Vermont. AESOP allows eligible employees of Vivien to have the opportunity to own a stake in the company through stock options. This detailed description will provide insights into the various components, benefits, and features of AESOP, highlighting its significance for employees and the organization as a whole. Key Features of AESOP: 1. Eligibility: AESOP is available to all permanent full-time employees of Vivien, Inc. who meet the predetermined eligibility criteria set by the company. 2. Stock Options: Under AESOP, eligible employees are granted stock options, which provide them the right to purchase a specified number of Vivien shares at a predetermined exercise price. 3. Vesting Schedule: To ensure employee retention and loyalty, AESOP utilizes a vesting schedule. This means that employees must work for a specific duration, typically referred to as a vesting period, before they can exercise their stock options entirely. Vesting periods are usually structured over multiple years to incentivize long-term commitment. 4. Stock Option Exercise Period: Upon completing the vesting period, employees are granted an exercise period during which they can purchase the company's shares using their stock options. This provides them the opportunity to benefit from the potential appreciation of Vivien's stock value over time. 5. Tax Benefits: AESOP may offer certain tax advantages to employees, as it allows them to defer taxation until they exercise their stock options or sell the acquired shares. Employees are encouraged to consult a professional tax advisor to understand the specific tax implications relevant to their individual situations. Types of AESOP: 1. Standard AESOP: The Standard AESOP is the primary stock option plan offered to eligible employees. It follows the establishment's general guidelines and features outlined in the AESOP program. 2. Executive AESOP: Vivien, Inc. may also offer an Executive AESOP tailored specifically for executives or senior management. This plan may include additional benefits, such as higher stock option grants, accelerated vesting schedules, or other customized features, designed to attract and retain top talent. Benefits of AESOP: 1. Employee Ownership: AESOP allows employees to become stakeholders in the company and align their financial interests with the success of Vivien. This fosters a sense of ownership, motivation, and pride among the workforce. 2. Long-Term Incentive: By rewarding employees with stock options, AESOP serves as a long-term incentive, encouraging them to contribute to the company's growth and profitability consistently. 3. Retention Tool: The vesting schedule of AESOP promotes employee retention by providing a strong incentive to remain with Vivien, Inc. for the duration of the vesting period. 4. Wealth Creation: As the stock value of Vivien increases over time, employees who exercise their stock options can potentially benefit from the appreciation of the company's shares, thus creating wealth alongside their regular compensation. Conclusion: The Vermont Employee Stock Option Plan (AESOP) is a valuable employee benefit program offered by Vivien, Inc., providing eligible employees with the opportunity to own a stake in the company. Through stock options, AESOP aligns the employees' financial interests with the company's growth and fosters a sense of ownership. With its various features, AESOP acts as a long-term incentive and retention tool while offering the potential for additional wealth creation. Vivien, Inc. may also customize AESOP to cater to the specific needs of its executive team through an Executive AESOP. Overall, AESOP symbolizes the commitment of Vivien towards its employees' financial success and corporate stewardship.