Kings New York Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Employee Stock Option Plan is a beneficial program offered by Vivien, Inc. to its employees in the New York region. This plan grants eligible employees the opportunity to purchase company stock at a predetermined price, providing them with a chance to become partial owners of the company. Vivien, Inc. understands the importance of attracting and retaining talented individuals, and the Employee Stock Option Plan is designed to reward employees for their hard work, dedication, and contributions to the company's success. By offering stock options, employees are given a sense of ownership and motivation to work towards the long-term growth and profitability of Vivien, Inc. There are different types of Kings New York Employee Stock Option Plans available at Vivien, Inc., tailored to meet the specific needs and goals of its employees. These may include: 1. Incentive Stock Options (SOS): SOS are typically offered to key employees and provide certain tax advantages. They allow employees to purchase company stock at a discounted price, increasing the potential for financial gain if the stock's value rises. 2. Non-Qualified Stock Options (SOS): SOS are often granted to a broader range of employees and provide less preferential tax treatment compared to SOS. Nevertheless, SOS still offer the opportunity for employees to purchase company stock at a predetermined price, potentially resulting in significant financial benefits. 3. Restricted Stock Units (RSS): RSS are another type of stock-based compensation that may be offered by the Kings New York Employee Stock Option Plan. RSS grant employees the right to receive company shares at a future date once certain predetermined conditions or time-based vesting periods are met. It is important for employees to understand the specific terms and conditions of the Kings New York Employee Stock Option Plan, such as the exercise price, vesting schedule, and any restrictions or limitations associated with the stock options. Vivien, Inc. provides comprehensive documentation and resources to ensure employees fully comprehend the benefits and potential risks of participating in the plan. In summary, the Kings New York Employee Stock Option Plan of Vivien, Inc. is a valuable program that rewards employees with the opportunity to purchase company stock at a predetermined price. It incentivizes and aligns the employees' interests with the long-term success of Vivien, Inc., ultimately fostering a sense of ownership and motivation within the organization.

The Kings New York Employee Stock Option Plan is a beneficial program offered by Vivien, Inc. to its employees in the New York region. This plan grants eligible employees the opportunity to purchase company stock at a predetermined price, providing them with a chance to become partial owners of the company. Vivien, Inc. understands the importance of attracting and retaining talented individuals, and the Employee Stock Option Plan is designed to reward employees for their hard work, dedication, and contributions to the company's success. By offering stock options, employees are given a sense of ownership and motivation to work towards the long-term growth and profitability of Vivien, Inc. There are different types of Kings New York Employee Stock Option Plans available at Vivien, Inc., tailored to meet the specific needs and goals of its employees. These may include: 1. Incentive Stock Options (SOS): SOS are typically offered to key employees and provide certain tax advantages. They allow employees to purchase company stock at a discounted price, increasing the potential for financial gain if the stock's value rises. 2. Non-Qualified Stock Options (SOS): SOS are often granted to a broader range of employees and provide less preferential tax treatment compared to SOS. Nevertheless, SOS still offer the opportunity for employees to purchase company stock at a predetermined price, potentially resulting in significant financial benefits. 3. Restricted Stock Units (RSS): RSS are another type of stock-based compensation that may be offered by the Kings New York Employee Stock Option Plan. RSS grant employees the right to receive company shares at a future date once certain predetermined conditions or time-based vesting periods are met. It is important for employees to understand the specific terms and conditions of the Kings New York Employee Stock Option Plan, such as the exercise price, vesting schedule, and any restrictions or limitations associated with the stock options. Vivien, Inc. provides comprehensive documentation and resources to ensure employees fully comprehend the benefits and potential risks of participating in the plan. In summary, the Kings New York Employee Stock Option Plan of Vivien, Inc. is a valuable program that rewards employees with the opportunity to purchase company stock at a predetermined price. It incentivizes and aligns the employees' interests with the long-term success of Vivien, Inc., ultimately fostering a sense of ownership and motivation within the organization.