Bronx New York Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Vivien, Inc. is a renowned company based in Bronx, New York, that offers its employees the opportunity to participate in an Employee Stock Option Plan (ESOP). An ESOP is a benefit program in which employees are granted the option to purchase company shares at a predetermined price. This plan serves as an incentive to encourage employee loyalty, productivity, and a sense of ownership within the organization. The Bronx New York Employee Stock Option Plan of Vivien, Inc. is designed to provide employees with an additional means to build wealth and benefit from the company's success. By granting stock options, Vivien allows its employees to purchase company stock at a set price, typically below the market value. This opportunity enables employees to share in the company's growth and potentially profit from its success. There are different types of ESOP arrangements that Vivien may offer to its employees, each serving unique purposes. Some of these may include: 1. Non-Qualified Stock Options: These are stock options that do not meet specific requirements set forth by the Internal Revenue Service (IRS). Non-qualified stock options grant employees the right to purchase company stock at a predetermined price, regardless of the market conditions. Upon exercising the options, employees typically face taxes on the difference between the exercise price and the market value of the stock. 2. Incentive Stock Options: In contrast to non-qualified stock options, incentive stock options (SOS) comply with IRS regulations and may offer potential tax advantages. SOS are usually granted to employees in specific positions or at prescribed intervals. They allow employees to purchase company stock at a predetermined price, and if certain conditions are met, employees may qualify for long-term capital gains tax rates on the stock gains. 3. Restricted Stock Units: Restricted stock units (RSS) are a form of compensation in which employees are granted units that convert into company stock upon vesting. Vesting typically occurs over a specific period, during which employees must remain with the company to gain ownership of the stock. RSS offer employees the potential to benefit from the appreciation of company shares. Through its Bronx New York Employee Stock Option Plan, Vivien, Inc. demonstrates its commitment to recognizing and rewarding the contributions of its employees. This plan serves as a powerful tool for enhancing employee engagement, fostering loyalty, and aligning individual interests with the overall success of the company.

Vivien, Inc. is a renowned company based in Bronx, New York, that offers its employees the opportunity to participate in an Employee Stock Option Plan (ESOP). An ESOP is a benefit program in which employees are granted the option to purchase company shares at a predetermined price. This plan serves as an incentive to encourage employee loyalty, productivity, and a sense of ownership within the organization. The Bronx New York Employee Stock Option Plan of Vivien, Inc. is designed to provide employees with an additional means to build wealth and benefit from the company's success. By granting stock options, Vivien allows its employees to purchase company stock at a set price, typically below the market value. This opportunity enables employees to share in the company's growth and potentially profit from its success. There are different types of ESOP arrangements that Vivien may offer to its employees, each serving unique purposes. Some of these may include: 1. Non-Qualified Stock Options: These are stock options that do not meet specific requirements set forth by the Internal Revenue Service (IRS). Non-qualified stock options grant employees the right to purchase company stock at a predetermined price, regardless of the market conditions. Upon exercising the options, employees typically face taxes on the difference between the exercise price and the market value of the stock. 2. Incentive Stock Options: In contrast to non-qualified stock options, incentive stock options (SOS) comply with IRS regulations and may offer potential tax advantages. SOS are usually granted to employees in specific positions or at prescribed intervals. They allow employees to purchase company stock at a predetermined price, and if certain conditions are met, employees may qualify for long-term capital gains tax rates on the stock gains. 3. Restricted Stock Units: Restricted stock units (RSS) are a form of compensation in which employees are granted units that convert into company stock upon vesting. Vesting typically occurs over a specific period, during which employees must remain with the company to gain ownership of the stock. RSS offer employees the potential to benefit from the appreciation of company shares. Through its Bronx New York Employee Stock Option Plan, Vivien, Inc. demonstrates its commitment to recognizing and rewarding the contributions of its employees. This plan serves as a powerful tool for enhancing employee engagement, fostering loyalty, and aligning individual interests with the overall success of the company.