Contra Costa California Employee Stock Option Plan of Vivigen, Inc.

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Multi-State
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Contra Costa
Control #:
US-CC-18-148
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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

Contra Costa California Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation program offered to employees of Vivien, Inc. based in Contra Costa County, California. This stock option plan allows eligible employees to purchase company stocks at a predetermined price within a specified time frame. The Contra Costa California Employee Stock Option Plan at Vivien, Inc. is designed to provide additional incentives and rewards to employees who contribute to the growth and success of the company. By offering employees the opportunity to purchase company stocks at a discounted price, Vivien, Inc. aims to align their interests with those of the shareholders, fostering a sense of ownership and motivation among employees. Through this stock option plan, employees in Contra Costa California can reap the benefits of the company's success by owning a portion of the company and participating in its financial growth. This program can potentially create wealth for employees both in the short and long term, as they can profit from an increase in Vivien, Inc.'s stock value. Different types of Contra Costa California Employee Stock Option Plans offered by Vivien, Inc. might include: 1. Incentive Stock Options (SOS): These options typically have tax benefits and are granted to employees with certain eligibility criteria, such as being employed for a specific period. 2. Non-Qualified Stock Options (Nests): Offered to a broader range of employees and do not possess the same tax advantages as SOS. Nests are not subject to specific eligibility requirements. 3. Restricted Stock Awards (SAS): In addition to stock options, Vivien, Inc. may offer SAS to select employees. SAS grant employees the right to acquire company stock at a predetermined price or at no cost, subject to certain conditions or restrictions. 4. Performance Stock Units (Plus): Vivien, Inc. might also have a performance-based component in its Employee Stock Option Plan, granting Plus to employees based on specific performance targets or milestones. Employees can convert Plus into company stocks once the predetermined performance criteria are met. 5. Employee Stock Purchase Plan (ESPN): Apart from the stock options mentioned above, Vivien, Inc. might also have an ESPN in place. This plan allows employees to contribute a portion of their salary to purchase company stocks at a discounted price regularly. It is important to note that the specific details and terms of the Contra Costa California Employee Stock Option Plan may vary based on Vivien, Inc.'s policies and legal requirements. Employees should refer to the official plan documents and consult with the company's designated administrators or legal professionals for accurate and up-to-date information about the plan.

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Steps to Setting Up an ESOP (1) Determine Whether Other Owners Are Amenable.(2) Conduct a Feasibility Study.(3) Conduct a Valuation.(4) Hire an ESOP Attorney.(5) Obtain Funding for the Plan.(6) Establish a Process to Operate the Plan.

Exercising a stock option means purchasing the issuer's common stock at the price set by the option (grant price), regardless of the stock's price at the time you exercise the option.

Stock options are an employee benefit that grants employees the right to buy shares of the company at a set price after a certain period of time. Employees and employers agree ahead of time on how many shares they can purchase and how long the vesting period will be before they can buy the stock.

In an ESOP, a company sets up a trust fund, into which it contributes new shares of its own stock or cash to buy existing shares. Alternatively, the ESOP can borrow money to buy new or existing shares, with the company making cash contributions to the plan to enable it to repay the loan.

ESOPs are costly to set up ($80,000 to a few hundred thousand dollars), but less costly than the sale of the company to another buyer. Their ongoing costs are not a significant factor for the large majority of companies.

An employee stock option is a plan that means you have the option to buy shares of the company's stock at a certain price for a given period of time. In doing so, it could increase how much money you bring in from your job.

Are ESPPs good investments? These plans can be great investments if used correctly. Purchasing stock at a discount is certainly a valuable tool for accumulating wealth, but comes with investment risks you should consider. An ESPP plan with a 15% discount effectively yields an immediate 17.6% return on investment.

Overview of Three Types of ESOPs Nonleveraged ESOP. This first type of ESOP (Diagram 1) does not involve borrowed funds to acquire the sponsoring employer's stock.Leveraged Buyout ESOP.Issuance ESOP.

The core elements of an Employee Stock Option Plan include: Definitions, Option Commitment Certificate, Grant of Options, Conditions of Options, Vesting, and Exercise of Option, Termination of Participation, Payment.

Setting Up Your Employee Stock Option Plan Your company's mission and values should be a major factor in your stock option's plan design. Determine how much of the company you plan to share with early employees and employees that will join your company later. Regular stock grants are sold in shares of 100.

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Contra Costa California Employee Stock Option Plan of Vivigen, Inc.