Franklin Ohio Employee Stock Option Plan of Vivigen, Inc.

State:
Multi-State
County:
Franklin
Control #:
US-CC-18-148
Format:
Word; 
Rich Text
Instant download

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 Franklin Ohio Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation package offered to eligible employees in the Franklin, Ohio location of the company. This plan provides employees with the opportunity to purchase company stock at a predetermined price, allowing them to become shareholders in Vivien, Inc. and potentially benefit from its future growth and success. The Franklin Ohio Employee Stock Option Plan is designed to align the interests of employees with those of the company, fostering a sense of ownership and dedication among employees. By participating in this plan, employees have the chance to financially benefit as the value of Vivien, Inc. increases over time. There are different types of stock options available under the Franklin Ohio Employee Stock Option Plan. The first type is the Non-Qualified Stock Option (NO), which is available to all eligible employees, regardless of their position or rank within the company. SOS provide employees with the right to purchase company stock at a predetermined exercise price within a specified timeframe. The second type of stock option is the Incentive Stock Option (ISO), which is typically reserved for key employees and comes with certain tax advantages. SOS allow employees to buy stock at a specific price but also include specific terms and conditions, such as holding periods and exercise limitations. The Franklin Ohio Employee Stock Option Plan is carefully crafted and maintained to ensure fairness and transparency. The details of the plan, including eligibility criteria, vesting schedules, and exercise periods, are clearly outlined in the comprehensive documentation provided to participants. Employees who choose to participate in the Franklin Ohio Employee Stock Option Plan must carefully consider their own financial situation and investment goals. It is recommended that employees seek financial advice and conduct thorough research before making any investment decisions. Overall, the Franklin Ohio Employee Stock Option Plan aims to reward and motivate employees by granting them an opportunity to become shareholders in Vivien, Inc. while promoting their long-term commitment and dedication to the company's success.

The Franklin Ohio Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation package offered to eligible employees in the Franklin, Ohio location of the company. This plan provides employees with the opportunity to purchase company stock at a predetermined price, allowing them to become shareholders in Vivien, Inc. and potentially benefit from its future growth and success. The Franklin Ohio Employee Stock Option Plan is designed to align the interests of employees with those of the company, fostering a sense of ownership and dedication among employees. By participating in this plan, employees have the chance to financially benefit as the value of Vivien, Inc. increases over time. There are different types of stock options available under the Franklin Ohio Employee Stock Option Plan. The first type is the Non-Qualified Stock Option (NO), which is available to all eligible employees, regardless of their position or rank within the company. SOS provide employees with the right to purchase company stock at a predetermined exercise price within a specified timeframe. The second type of stock option is the Incentive Stock Option (ISO), which is typically reserved for key employees and comes with certain tax advantages. SOS allow employees to buy stock at a specific price but also include specific terms and conditions, such as holding periods and exercise limitations. The Franklin Ohio Employee Stock Option Plan is carefully crafted and maintained to ensure fairness and transparency. The details of the plan, including eligibility criteria, vesting schedules, and exercise periods, are clearly outlined in the comprehensive documentation provided to participants. Employees who choose to participate in the Franklin Ohio Employee Stock Option Plan must carefully consider their own financial situation and investment goals. It is recommended that employees seek financial advice and conduct thorough research before making any investment decisions. Overall, the Franklin Ohio Employee Stock Option Plan aims to reward and motivate employees by granting them an opportunity to become shareholders in Vivien, Inc. while promoting their long-term commitment and dedication to the company's success.

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Franklin Ohio Employee Stock Option Plan of Vivigen, Inc.