West Virginia 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 West Virginia Stock Incentive Plan of Abase Corp. is a comprehensive compensation program designed to reward and incentivize employees of Abase Corp. with stock options. This plan serves to attract and retain top talent, align employee interests with company performance, and support long-term growth and sustainability. The West Virginia Stock Incentive Plan consists of various types of equity-based compensation awards, including stock options, restricted stock units (RSS), performance stock units (Plus), and stock appreciation rights (SARS). These different types of awards offer flexibility and cater to the diverse needs and preferences of employees. Stock options are a popular component of the plan, granting employees the right to purchase company shares at a predetermined price, known as the exercise price. This allows employees to benefit from potential future increases in the company's stock price. Restricted stock units (RSS), on the other hand, are awarded to employees without any purchase price. These units convert into company stock after a specified vesting period or upon achievement of certain performance milestones. Performance stock units (Plus) are another form of equity awards under the West Virginia Stock Incentive Plan. These units are tied to the achievement of specific performance goals, such as financial targets, revenue growth, or operational metrics. Employees receive shares of stock based on their performance against these predefined goals. This helps to align employee efforts with the overall company objectives and encourages a focus on driving sustainable and measurable results. Stock appreciation rights (SARS) are also part of the West Virginia Stock Incentive Plan. SARS provide employees with the opportunity to receive the appreciation in the company's stock price without actually owning the underlying shares. When exercised, employees receive the difference between the stock price at the grant date and the exercise date, either in cash or company stock. Overall, the West Virginia Stock Incentive Plan of Abase Corp. demonstrates Abase Corp.'s commitment to rewarding and motivating its employees by providing them with an opportunity to share in the company's success. Through a combination of stock options, RSS, Plus, and SARS, employees are empowered to contribute to Abase Corp.'s growth and financial performance, fostering a culture of ownership, innovation, and long-term value creation.

The West Virginia Stock Incentive Plan of Abase Corp. is a comprehensive compensation program designed to reward and incentivize employees of Abase Corp. with stock options. This plan serves to attract and retain top talent, align employee interests with company performance, and support long-term growth and sustainability. The West Virginia Stock Incentive Plan consists of various types of equity-based compensation awards, including stock options, restricted stock units (RSS), performance stock units (Plus), and stock appreciation rights (SARS). These different types of awards offer flexibility and cater to the diverse needs and preferences of employees. Stock options are a popular component of the plan, granting employees the right to purchase company shares at a predetermined price, known as the exercise price. This allows employees to benefit from potential future increases in the company's stock price. Restricted stock units (RSS), on the other hand, are awarded to employees without any purchase price. These units convert into company stock after a specified vesting period or upon achievement of certain performance milestones. Performance stock units (Plus) are another form of equity awards under the West Virginia Stock Incentive Plan. These units are tied to the achievement of specific performance goals, such as financial targets, revenue growth, or operational metrics. Employees receive shares of stock based on their performance against these predefined goals. This helps to align employee efforts with the overall company objectives and encourages a focus on driving sustainable and measurable results. Stock appreciation rights (SARS) are also part of the West Virginia Stock Incentive Plan. SARS provide employees with the opportunity to receive the appreciation in the company's stock price without actually owning the underlying shares. When exercised, employees receive the difference between the stock price at the grant date and the exercise date, either in cash or company stock. Overall, the West Virginia Stock Incentive Plan of Abase Corp. demonstrates Abase Corp.'s commitment to rewarding and motivating its employees by providing them with an opportunity to share in the company's success. Through a combination of stock options, RSS, Plus, and SARS, employees are empowered to contribute to Abase Corp.'s growth and financial performance, fostering a culture of ownership, innovation, and long-term value creation.