Hillsborough Florida Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program offered by Vivien, Inc., a leading technology company based in Hillsborough, Florida. This plan is designed to provide employees with the opportunity to acquire stock options in the company, promoting employee ownership and aligning their interests with the long-term success of Vivien, Inc. Under the Hillsborough Florida Employee Stock Option Plan, eligible employees are granted the right to purchase company stocks at a pre-determined price, known as the strike or exercise price. These options are usually granted as an incentive to retain and motivate employees by offering them potential financial gain through the appreciation of the company's stock value. The plan provides employees with the flexibility to exercise their stock options based on predetermined vesting schedules, allowing them to buy shares gradually over a specified period. This structure incentivizes employees to remain with the company over the long term, as the value of their stock options typically increases over time. Vivien, Inc. may also offer different types of Hillsborough Florida Employee Stock Option Plans to cater to employees at various levels within the organization. These plans could include: 1. Executive Stock Option Plan: Tailored for senior executives and key management personnel, this plan typically offers more favorable terms and conditions, such as higher strike prices and longer exercise periods. 2. Non-Qualified Stock Option Plan: Offered to employees who do not meet the qualification criteria set by the Internal Revenue Service (IRS), these options are subject to different tax treatment and may have more flexibility in terms of exercise and pricing. 3. Incentive Stock Option Plan: This plan, commonly known as an ISO plan, is designed to meet specific IRS criteria and offers preferential tax treatment to employees. It usually requires a certain employment tenure before the options can be fully exercised. It is important for employees to carefully review the terms and conditions of the Hillsborough Florida Employee Stock Option Plan and seek professional advice to fully understand the financial and tax implications involved. Additionally, the plan may be subject to periodic updates or modifications to align with changes in industry standards, company performance, or regulatory requirements.

Hillsborough Florida Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program offered by Vivien, Inc., a leading technology company based in Hillsborough, Florida. This plan is designed to provide employees with the opportunity to acquire stock options in the company, promoting employee ownership and aligning their interests with the long-term success of Vivien, Inc. Under the Hillsborough Florida Employee Stock Option Plan, eligible employees are granted the right to purchase company stocks at a pre-determined price, known as the strike or exercise price. These options are usually granted as an incentive to retain and motivate employees by offering them potential financial gain through the appreciation of the company's stock value. The plan provides employees with the flexibility to exercise their stock options based on predetermined vesting schedules, allowing them to buy shares gradually over a specified period. This structure incentivizes employees to remain with the company over the long term, as the value of their stock options typically increases over time. Vivien, Inc. may also offer different types of Hillsborough Florida Employee Stock Option Plans to cater to employees at various levels within the organization. These plans could include: 1. Executive Stock Option Plan: Tailored for senior executives and key management personnel, this plan typically offers more favorable terms and conditions, such as higher strike prices and longer exercise periods. 2. Non-Qualified Stock Option Plan: Offered to employees who do not meet the qualification criteria set by the Internal Revenue Service (IRS), these options are subject to different tax treatment and may have more flexibility in terms of exercise and pricing. 3. Incentive Stock Option Plan: This plan, commonly known as an ISO plan, is designed to meet specific IRS criteria and offers preferential tax treatment to employees. It usually requires a certain employment tenure before the options can be fully exercised. It is important for employees to carefully review the terms and conditions of the Hillsborough Florida Employee Stock Option Plan and seek professional advice to fully understand the financial and tax implications involved. Additionally, the plan may be subject to periodic updates or modifications to align with changes in industry standards, company performance, or regulatory requirements.