Los Angeles California Employee Stock Option Plan of Vivigen, Inc.

State:
Multi-State
County:
Los Angeles
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 Los Angeles California Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive, employee-focused program designed to offer financial empowerment and incentivize the dedicated workforce of this esteemed healthcare company. Vivien, Inc. is a leading biotechnology company based in Los Angeles, California, which specializes in the research, development, and commercialization of innovative regenerative medicine products. Under the Los Angeles California ESOP of Vivien, Inc., employees are granted stock options as a part of their compensation package. These stock options provide employees with the opportunity to purchase company shares at a predetermined price known as the strike price, within a specified time frame. By granting stock options, Vivien, Inc. aims to align the interests of its employees with the long-term success and growth of the company. The Los Angeles California ESOP of Vivien, Inc. offers different types of stock options to accommodate the varying needs of its workforce: 1. Non-Qualified Stock Options (Nests): Non-qualified stock options offer employees the flexibility to purchase company shares at a predetermined price, irrespective of fluctuations in the market value. Nests typically have a vesting period, during which employees must wait before exercising their options. 2. Incentive Stock Options (SOS): SOS are stock options granted to key employees, providing them with favorable tax treatment if certain conditions are met. These conditions include holding the stock for a specified holding period after exercising the option and following specific tax regulations. 3. Restricted Stock Units (RSS): RSS are another type of equity compensation offered through the Los Angeles California ESOP. Instead of granting stock options, employees receive units that represent shares of the company's stock. RSS usually have a vesting period, and once the units vest, employees receive the equivalent number of actual company shares. 4. Employee Stock Purchase Plan (ESPN): In addition to stock options, Vivien, Inc. may offer an Employee Stock Purchase Plan, enabling employees to purchase company shares at a discounted price. ESPN allows employees to contribute a percentage of their salary to acquire stock options periodically. By offering such an extensive range of stock options, Vivien, Inc. ensures that its employees have different avenues for acquiring company shares, encouraging their active participation in the company's financial success. The Los Angeles California Employee Stock Option Plan of Vivien, Inc. establishes a powerful bond between the employees and the company, fostering a collaborative environment and motivating the workforce to contribute their best towards achieving Vivien's long-term goals.

The Los Angeles California Employee Stock Option Plan (ESOP) of Vivien, Inc. is a comprehensive, employee-focused program designed to offer financial empowerment and incentivize the dedicated workforce of this esteemed healthcare company. Vivien, Inc. is a leading biotechnology company based in Los Angeles, California, which specializes in the research, development, and commercialization of innovative regenerative medicine products. Under the Los Angeles California ESOP of Vivien, Inc., employees are granted stock options as a part of their compensation package. These stock options provide employees with the opportunity to purchase company shares at a predetermined price known as the strike price, within a specified time frame. By granting stock options, Vivien, Inc. aims to align the interests of its employees with the long-term success and growth of the company. The Los Angeles California ESOP of Vivien, Inc. offers different types of stock options to accommodate the varying needs of its workforce: 1. Non-Qualified Stock Options (Nests): Non-qualified stock options offer employees the flexibility to purchase company shares at a predetermined price, irrespective of fluctuations in the market value. Nests typically have a vesting period, during which employees must wait before exercising their options. 2. Incentive Stock Options (SOS): SOS are stock options granted to key employees, providing them with favorable tax treatment if certain conditions are met. These conditions include holding the stock for a specified holding period after exercising the option and following specific tax regulations. 3. Restricted Stock Units (RSS): RSS are another type of equity compensation offered through the Los Angeles California ESOP. Instead of granting stock options, employees receive units that represent shares of the company's stock. RSS usually have a vesting period, and once the units vest, employees receive the equivalent number of actual company shares. 4. Employee Stock Purchase Plan (ESPN): In addition to stock options, Vivien, Inc. may offer an Employee Stock Purchase Plan, enabling employees to purchase company shares at a discounted price. ESPN allows employees to contribute a percentage of their salary to acquire stock options periodically. By offering such an extensive range of stock options, Vivien, Inc. ensures that its employees have different avenues for acquiring company shares, encouraging their active participation in the company's financial success. The Los Angeles California Employee Stock Option Plan of Vivien, Inc. establishes a powerful bond between the employees and the company, fostering a collaborative environment and motivating the workforce to contribute their best towards achieving Vivien's long-term goals.

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Los Angeles California Employee Stock Option Plan of Vivigen, Inc.