Allegheny Pennsylvania Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Employee Stock Option Plan (ESOP) is a comprehensive program offered by Vivien, Inc. to its employees in the Allegheny, Pennsylvania region. As an ESOP, it is designed to provide eligible employees with an opportunity to acquire a stake in the company through stock options. Vivien, Inc. is a forward-thinking corporation that values its employees and aims to reward them for their contributions. The Allegheny Pennsylvania Employee Stock Option Plan reflects this commitment, offering employees the chance to share in the company's success and gain ownership in Vivien. The ESOP program allows eligible employees to purchase company stock at a predetermined price, called the exercise price. These stock options are typically granted based on several factors, including the employee's position, tenure, and performance. The plan provides employees with the flexibility to exercise their options at a future date when the stock price has appreciated, potentially leading to financial gains. By participating in the Allegheny Pennsylvania Employee Stock Option Plan, employees can achieve several benefits. Firstly, they have the opportunity to become co-owners of Vivien, aligning their financial interests with the company's success and fostering a sense of ownership. Secondly, employees may experience financial growth as the company prospers, with the potential to sell their vested shares at a profit. There are distinct types of Allegheny Pennsylvania Employee Stock Option Plan available to employees of Vivien, Inc. These plans may include: 1. Non-Qualified Stock Options (NO): This type of plan offers employees the ability to purchase company shares at a predetermined price. Nests are typically more flexible, allowing employees to exercise their options at any time, subject to certain restrictions. 2. Incentive Stock Options (ISO): These options are usually granted to key employees and provide tax advantages to the employee. SOS offer the potential for long-term capital gains upon the sale of the stock acquired through the plan. 3. Restricted Stock Units (RSS): While not technically options, RSS are a type of equity compensation that grants the right to receive company shares at a future date. RSS often have vesting schedules, meaning employees gain ownership of the shares over time, encouraging loyalty and retention. 4. Performance Stock Options: This type of stock option is granted based on certain performance criteria, such as meeting specific financial targets or achieving predetermined milestones. Performance-based options align employee objectives with the company's goals, ensuring that incentives are tied to meaningful achievements. Employees who participate in the Allegheny Pennsylvania Employee Stock Option Plan can take advantage of these diverse options, providing them with a variety of ways to reap the benefits of their commitment and dedication to Vivien, Inc. In summary, the Allegheny Pennsylvania Employee Stock Option Plan of Vivien, Inc. offers eligible employees in the region an opportunity to acquire company stock through various types of stock options. This program allows employees to become co-owners, align their financial interests with the company's success, and potentially realize financial gains as the company thrives.

Allegheny Pennsylvania Employee Stock Option Plan (ESOP) is a comprehensive program offered by Vivien, Inc. to its employees in the Allegheny, Pennsylvania region. As an ESOP, it is designed to provide eligible employees with an opportunity to acquire a stake in the company through stock options. Vivien, Inc. is a forward-thinking corporation that values its employees and aims to reward them for their contributions. The Allegheny Pennsylvania Employee Stock Option Plan reflects this commitment, offering employees the chance to share in the company's success and gain ownership in Vivien. The ESOP program allows eligible employees to purchase company stock at a predetermined price, called the exercise price. These stock options are typically granted based on several factors, including the employee's position, tenure, and performance. The plan provides employees with the flexibility to exercise their options at a future date when the stock price has appreciated, potentially leading to financial gains. By participating in the Allegheny Pennsylvania Employee Stock Option Plan, employees can achieve several benefits. Firstly, they have the opportunity to become co-owners of Vivien, aligning their financial interests with the company's success and fostering a sense of ownership. Secondly, employees may experience financial growth as the company prospers, with the potential to sell their vested shares at a profit. There are distinct types of Allegheny Pennsylvania Employee Stock Option Plan available to employees of Vivien, Inc. These plans may include: 1. Non-Qualified Stock Options (NO): This type of plan offers employees the ability to purchase company shares at a predetermined price. Nests are typically more flexible, allowing employees to exercise their options at any time, subject to certain restrictions. 2. Incentive Stock Options (ISO): These options are usually granted to key employees and provide tax advantages to the employee. SOS offer the potential for long-term capital gains upon the sale of the stock acquired through the plan. 3. Restricted Stock Units (RSS): While not technically options, RSS are a type of equity compensation that grants the right to receive company shares at a future date. RSS often have vesting schedules, meaning employees gain ownership of the shares over time, encouraging loyalty and retention. 4. Performance Stock Options: This type of stock option is granted based on certain performance criteria, such as meeting specific financial targets or achieving predetermined milestones. Performance-based options align employee objectives with the company's goals, ensuring that incentives are tied to meaningful achievements. Employees who participate in the Allegheny Pennsylvania Employee Stock Option Plan can take advantage of these diverse options, providing them with a variety of ways to reap the benefits of their commitment and dedication to Vivien, Inc. In summary, the Allegheny Pennsylvania Employee Stock Option Plan of Vivien, Inc. offers eligible employees in the region an opportunity to acquire company stock through various types of stock options. This program allows employees to become co-owners, align their financial interests with the company's success, and potentially realize financial gains as the company thrives.