Broward Florida Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Broward
• 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 The Broward Florida Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees of the company with the opportunity to purchase company stock at a predetermined price. This plan is aimed at incentivizing employees and aligning their interests with the success of Vivien, Inc. Under this stock option plan, eligible employees are granted the right to buy a specific number of company shares at a specified exercise price, usually lower than the current market price. These options are typically granted over a specific period and may have vesting requirements, meaning employees must wait for a certain period before they can exercise their options. There are two main types of Broward Florida Employee Stock Option Plans offered by Vivien, Inc.: 1. Non-Qualified Stock Option Plan: In this type of plan, employees purchase company stock at a predetermined price, usually at a discount from the market value. These options are not subject to special tax treatment, and any gains realized upon exercise are taxable as ordinary income. 2. Incentive Stock Option Plan (ISO): This plan is intended to provide tax advantages to employees. SOS allow employees to purchase company stock at a predetermined price without incurring regular income tax at the time of exercise. However, there are certain criteria that must be met to qualify for this type of stock option plan, such as being an employee of Vivien, Inc. and holding the options for a specific period. Both types of stock option plans aim to motivate employees by giving them the opportunity to share in the growth and success of the company. The ability to purchase company stock at a potentially discounted price can serve as a powerful incentive, aligning employees' interests with those of the company and encouraging long-term commitment and loyalty. Overall, the Broward Florida Employee Stock Option Plan of Vivien, Inc. provides employees with a valuable opportunity to participate in the company's success and potentially benefit from its future growth. By offering different types of stock option plans, Vivien, Inc. can tailor the program to meet the specific needs and goals of its employees.

The Broward Florida Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees of the company with the opportunity to purchase company stock at a predetermined price. This plan is aimed at incentivizing employees and aligning their interests with the success of Vivien, Inc. Under this stock option plan, eligible employees are granted the right to buy a specific number of company shares at a specified exercise price, usually lower than the current market price. These options are typically granted over a specific period and may have vesting requirements, meaning employees must wait for a certain period before they can exercise their options. There are two main types of Broward Florida Employee Stock Option Plans offered by Vivien, Inc.: 1. Non-Qualified Stock Option Plan: In this type of plan, employees purchase company stock at a predetermined price, usually at a discount from the market value. These options are not subject to special tax treatment, and any gains realized upon exercise are taxable as ordinary income. 2. Incentive Stock Option Plan (ISO): This plan is intended to provide tax advantages to employees. SOS allow employees to purchase company stock at a predetermined price without incurring regular income tax at the time of exercise. However, there are certain criteria that must be met to qualify for this type of stock option plan, such as being an employee of Vivien, Inc. and holding the options for a specific period. Both types of stock option plans aim to motivate employees by giving them the opportunity to share in the growth and success of the company. The ability to purchase company stock at a potentially discounted price can serve as a powerful incentive, aligning employees' interests with those of the company and encouraging long-term commitment and loyalty. Overall, the Broward Florida Employee Stock Option Plan of Vivien, Inc. provides employees with a valuable opportunity to participate in the company's success and potentially benefit from its future growth. By offering different types of stock option plans, Vivien, Inc. can tailor the program to meet the specific needs and goals of its employees.