Wyoming 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

Wyoming Employee Stock Option Plan of Vivien, Inc. is a program offered to employees of Vivien, Inc. based in Wyoming which provides them with the opportunity to purchase company stock at a predetermined price within a specified time frame. This plan is designed to incentivize and reward employees for their contributions to the company's growth and success. The Wyoming Employee Stock Option Plan (ESOP) is an excellent way for employees to participate in the future financial success of Vivien, Inc. by aligning their interests with those of the company. By purchasing company stock through this plan, employees become shareholders and have a direct stake in the company's performance. One type of Wyoming Employee Stock Option Plan offered by Vivien, Inc. is the Non-Qualified Stock Option (NO). This type of stock option is typically offered to non-executive employees and allows them to purchase company stock at a specific price, known as the exercise price, which is often lower than the market value. Nests have a specific vesting schedule, meaning employees must wait for a certain period before exercising their options. Another type of stock option offered by Vivien, Inc. is the Incentive Stock Option (ISO). SOS are typically offered to key employees and may have tax advantages compared to Nests. Employees who hold SOS enjoy potential tax benefits upon exercise and qualify for long-term capital gains tax rates if they hold their shares for at least one year from the exercise date and two years from the grant date. SOS also have specific vesting schedules. Participating in the Wyoming Employee Stock Option Plan can provide employees with several benefits. It allows them to share in the company's success, potentially increase their wealth, and align their goals with the long-term growth of Vivien, Inc. Furthermore, as shareholders, employees may also have the right to vote on certain company matters and contribute to corporate decision-making processes. It's important to note that the details, terms, and conditions of the Wyoming Employee Stock Option Plan may vary depending on the specific plan established by Vivien, Inc. The plan document should be carefully reviewed to understand the eligibility criteria, vesting schedules, exercise prices, and any restrictions or limitations associated with the stock options. Overall, the Wyoming Employee Stock Option Plan of Vivien, Inc. is an attractive program that provides employees with the opportunity to become stakeholders in the company they work for. It enhances their commitment, motivation, and alignment with the overall goals of Vivien, Inc., ultimately contributing to the company's overall success.