Wisconsin 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 Wisconsin Stock Incentive Plan of Abase Corp. is a comprehensive program designed to attract and retain top talent within the company by offering stock-based rewards and incentives. This plan serves as a way to align the interests of employees with those of the company's shareholders, providing employees with a direct stake in the company's success. Under this stock incentive plan, employees are given the opportunity to acquire shares of Abase Corp. at a discounted price or through other stock-based awards. These awards can be in the form of stock options, restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). One of the key objectives of the Wisconsin Stock Incentive Plan is to motivate employees to contribute to the company's growth and enhance shareholder value. By granting employees the right to purchase or receive shares of the company's stock, the plan encourages employees to remain with Abase Corp., create long-term shareholder value, and align their interests with those of the company's shareholders. The Wisconsin Stock Incentive Plan may consist of various types of programs such as: 1. Stock Options: Employees are granted the right to purchase a specified number of shares at a predetermined exercise price within a given time frame. This provides employees with the potential to profit from any increase in the company's stock price. 2. Restricted Stock Units (RSS): Employees are awarded units that represent a specific number of shares, but these shares are subject to certain restrictions and vesting schedules. Once the units vest, employees receive the shares or their cash equivalent. 3. Performance Shares: Employees are granted shares contingent upon the achievement of predetermined performance goals. These goals are typically tied to the company's financial, operational, or strategic performance metrics. 4. Stock Appreciation Rights (SARS): Employees are given the right to receive a payout based on the appreciation in the company's stock price over a specified period. SARS can be settled in cash, stock, or a combination of both. The Wisconsin Stock Incentive Plan aims to provide a competitive advantage in attracting and retaining talented individuals by giving them a sense of ownership and rewarding their contributions to Abase Corp.'s success. By offering various types of stock-based awards, the plan allows employees to participate in the company's growth and potentially reap financial rewards as the company prospers.

The Wisconsin Stock Incentive Plan of Abase Corp. is a comprehensive program designed to attract and retain top talent within the company by offering stock-based rewards and incentives. This plan serves as a way to align the interests of employees with those of the company's shareholders, providing employees with a direct stake in the company's success. Under this stock incentive plan, employees are given the opportunity to acquire shares of Abase Corp. at a discounted price or through other stock-based awards. These awards can be in the form of stock options, restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). One of the key objectives of the Wisconsin Stock Incentive Plan is to motivate employees to contribute to the company's growth and enhance shareholder value. By granting employees the right to purchase or receive shares of the company's stock, the plan encourages employees to remain with Abase Corp., create long-term shareholder value, and align their interests with those of the company's shareholders. The Wisconsin Stock Incentive Plan may consist of various types of programs such as: 1. Stock Options: Employees are granted the right to purchase a specified number of shares at a predetermined exercise price within a given time frame. This provides employees with the potential to profit from any increase in the company's stock price. 2. Restricted Stock Units (RSS): Employees are awarded units that represent a specific number of shares, but these shares are subject to certain restrictions and vesting schedules. Once the units vest, employees receive the shares or their cash equivalent. 3. Performance Shares: Employees are granted shares contingent upon the achievement of predetermined performance goals. These goals are typically tied to the company's financial, operational, or strategic performance metrics. 4. Stock Appreciation Rights (SARS): Employees are given the right to receive a payout based on the appreciation in the company's stock price over a specified period. SARS can be settled in cash, stock, or a combination of both. The Wisconsin Stock Incentive Plan aims to provide a competitive advantage in attracting and retaining talented individuals by giving them a sense of ownership and rewarding their contributions to Abase Corp.'s success. By offering various types of stock-based awards, the plan allows employees to participate in the company's growth and potentially reap financial rewards as the company prospers.