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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 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.

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.