Collin Texas Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is a comprehensive and rewarding program that allows eligible employees to reap the benefits of stock ownership in the company. The ESOP is structured to provide a long-term incentive for employees to remain dedicated and committed to the growth and success of Vivien, Inc. It helps align the interests of the employees with those of the company, fostering a sense of ownership and motivation. The Collin Texas ESOP of Vivien, Inc. offers a range of stock options to eligible employees. These options vary in terms of grant size, vesting schedule, and exercise price, allowing employees the flexibility to choose options that suit their individual financial goals and circumstances. By participating in the ESOP, employees have the opportunity to purchase company shares at a predetermined price, often lower than the market value, which can potentially result in significant financial gain. One type of stock option offered under the Collin Texas ESOP is the Non-Qualified Stock Option (NO). Nests are typically granted to key employees and provide the ability to purchase company stock at a given price within a specified time frame. Another type is the Incentive Stock Option (ISO), which is subject to specific tax regulations and eligibility requirements established by the Internal Revenue Service (IRS). SOS offer more tax advantages compared to Nests, making them an attractive option for eligible employees. The Collin Texas ESOP also encompasses a vesting schedule, which outlines the period of time an employee must work at Vivien, Inc. before being able to exercise their stock options. This vesting schedule is designed to incentivize employee retention within the company, as the longer an employee remains with the organization, the greater their ownership stake becomes. Overall, the Collin Texas ESOP of Vivien, Inc. is a valuable and enticing initiative that provides eligible employees with the opportunity to share in the company's success. By offering various types of stock options and implementing a vesting schedule, Vivien, Inc. ensures its employees are rewarded for their dedication and hard work, fostering a motivated workforce and driving the company towards continued growth and prosperity.

The Collin Texas Employee Stock Option Plan (ESOP) offered by Vivien, Inc. is a comprehensive and rewarding program that allows eligible employees to reap the benefits of stock ownership in the company. The ESOP is structured to provide a long-term incentive for employees to remain dedicated and committed to the growth and success of Vivien, Inc. It helps align the interests of the employees with those of the company, fostering a sense of ownership and motivation. The Collin Texas ESOP of Vivien, Inc. offers a range of stock options to eligible employees. These options vary in terms of grant size, vesting schedule, and exercise price, allowing employees the flexibility to choose options that suit their individual financial goals and circumstances. By participating in the ESOP, employees have the opportunity to purchase company shares at a predetermined price, often lower than the market value, which can potentially result in significant financial gain. One type of stock option offered under the Collin Texas ESOP is the Non-Qualified Stock Option (NO). Nests are typically granted to key employees and provide the ability to purchase company stock at a given price within a specified time frame. Another type is the Incentive Stock Option (ISO), which is subject to specific tax regulations and eligibility requirements established by the Internal Revenue Service (IRS). SOS offer more tax advantages compared to Nests, making them an attractive option for eligible employees. The Collin Texas ESOP also encompasses a vesting schedule, which outlines the period of time an employee must work at Vivien, Inc. before being able to exercise their stock options. This vesting schedule is designed to incentivize employee retention within the company, as the longer an employee remains with the organization, the greater their ownership stake becomes. Overall, the Collin Texas ESOP of Vivien, Inc. is a valuable and enticing initiative that provides eligible employees with the opportunity to share in the company's success. By offering various types of stock options and implementing a vesting schedule, Vivien, Inc. ensures its employees are rewarded for their dedication and hard work, fostering a motivated workforce and driving the company towards continued growth and prosperity.