Cuyahoga Ohio Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Employee Stock Option Plan (ESOP) of Vivien, Inc. is a unique employee benefit program offered by the company. As an ESOP, it provides eligible employees with the opportunity to become partial owners of the company by granting them stock options. These options allow employees to purchase company stock at a predetermined price, usually lower than the market value, after a specified vesting period. Vivien, Inc. is a leading company located in Cuyahoga, Ohio, specializing in various industries such as technology, healthcare, and manufacturing. The company aims to foster employee loyalty and engagement through its ESOP, creating a sense of ownership and aligning employee interests with the overall success of the company. The Cuyahoga Ohio Employee Stock Option Plan offers several types of options within its structure. These include: 1. Non-Qualified Stock Options (SOS): These options are more flexible and can be offered to both employees and non-employees. SOS provide the opportunity to purchase company stock at a specific price, typically determined by the fair market value at the time of grant. 2. Incentive Stock Options (SOS): Available exclusively to employees, SOS come with certain tax advantages. Employees can purchase company stock at a predetermined price, and if certain holding requirements are met, the gains can be taxed at a more favorable long-term capital gains rate. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date upon meeting specified conditions, such as a certain period of employment or achieving certain performance milestones. RSS have gained popularity as they simplify the process by eliminating the need for an employee to purchase the stock upfront. 4. Employee Stock Purchase Plan (ESPN): Although not strictly an option plan, an ESPN enables employees to purchase company stock at regular intervals, often through payroll deductions. ESPN typically offer a discount on the market price, making it an attractive option for employees to accumulate company stock over time. The Cuyahoga Ohio Employee Stock Option Plan of Vivien, Inc. plays a crucial role in attracting and retaining top talent by incentivizing employees to share in the company's success and growth. It provides employees with the opportunity to build wealth and share in the financial gains of Vivien, Inc., further fostering a collaborative and motivated workforce.

The Cuyahoga Ohio Employee Stock Option Plan (ESOP) of Vivien, Inc. is a unique employee benefit program offered by the company. As an ESOP, it provides eligible employees with the opportunity to become partial owners of the company by granting them stock options. These options allow employees to purchase company stock at a predetermined price, usually lower than the market value, after a specified vesting period. Vivien, Inc. is a leading company located in Cuyahoga, Ohio, specializing in various industries such as technology, healthcare, and manufacturing. The company aims to foster employee loyalty and engagement through its ESOP, creating a sense of ownership and aligning employee interests with the overall success of the company. The Cuyahoga Ohio Employee Stock Option Plan offers several types of options within its structure. These include: 1. Non-Qualified Stock Options (SOS): These options are more flexible and can be offered to both employees and non-employees. SOS provide the opportunity to purchase company stock at a specific price, typically determined by the fair market value at the time of grant. 2. Incentive Stock Options (SOS): Available exclusively to employees, SOS come with certain tax advantages. Employees can purchase company stock at a predetermined price, and if certain holding requirements are met, the gains can be taxed at a more favorable long-term capital gains rate. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date upon meeting specified conditions, such as a certain period of employment or achieving certain performance milestones. RSS have gained popularity as they simplify the process by eliminating the need for an employee to purchase the stock upfront. 4. Employee Stock Purchase Plan (ESPN): Although not strictly an option plan, an ESPN enables employees to purchase company stock at regular intervals, often through payroll deductions. ESPN typically offer a discount on the market price, making it an attractive option for employees to accumulate company stock over time. The Cuyahoga Ohio Employee Stock Option Plan of Vivien, Inc. plays a crucial role in attracting and retaining top talent by incentivizing employees to share in the company's success and growth. It provides employees with the opportunity to build wealth and share in the financial gains of Vivien, Inc., further fostering a collaborative and motivated workforce.