Maricopa Arizona Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Employee Stock Option Plan (ESOP) is a program offered by Vivien, Inc. to its employees, providing them with the opportunity to purchase company stocks at a predetermined price. It is a well-designed benefit that allows employees to become owners of the company and align their interests with the overall success of Vivien, Inc. The Maricopa Arizona ESOP aims to reward and motivate employees, fostering a sense of loyalty, engagement, and long-term commitment. By granting stock options, Vivien, Inc. encourages employees to contribute to the company's growth and share in its profits. The ESOP provides employees with the right to buy a certain number of Vivien, Inc. stocks at a specific price, known as the exercise or strike price. The strike price is usually set at the current market price or a slight discount, enabling employees to purchase stocks at a favorable rate. This feature can potentially yield considerable financial gains as the stock value appreciates over time. One type of Maricopa Arizona Employee Stock Option Plan offered by Vivien, Inc. is the Incentive Stock Option (ISO). SOS have specific tax advantages, as employees do not have to pay taxes on the difference between the exercise price and the stock's fair market value until they sell the stocks. To qualify for SOS, employees must meet certain criteria, such as employment duration and total ownership stake limitations. Another type of ESOP at Vivien, Inc. is the Non-Qualified Stock Option (NO). Nests do not offer the same tax advantages as SOS but still provide employees with the opportunity to purchase Vivien, Inc. stocks at a predetermined price. Nests are more flexible and can be offered to a broader range of employees, regardless of their position or ownership stake. Maricopa Arizona Employee Stock Option Plan at Vivien, Inc. is an effective tool for attracting, retaining, and motivating talented professionals. By granting employees an ownership stake, the company promotes a vibrant and collaborative work culture, where individuals are highly motivated to contribute to the company's success. This plan encourages employees to think and act like owners, leading to increased productivity, dedication, and overall performance.

Maricopa Arizona Employee Stock Option Plan (ESOP) is a program offered by Vivien, Inc. to its employees, providing them with the opportunity to purchase company stocks at a predetermined price. It is a well-designed benefit that allows employees to become owners of the company and align their interests with the overall success of Vivien, Inc. The Maricopa Arizona ESOP aims to reward and motivate employees, fostering a sense of loyalty, engagement, and long-term commitment. By granting stock options, Vivien, Inc. encourages employees to contribute to the company's growth and share in its profits. The ESOP provides employees with the right to buy a certain number of Vivien, Inc. stocks at a specific price, known as the exercise or strike price. The strike price is usually set at the current market price or a slight discount, enabling employees to purchase stocks at a favorable rate. This feature can potentially yield considerable financial gains as the stock value appreciates over time. One type of Maricopa Arizona Employee Stock Option Plan offered by Vivien, Inc. is the Incentive Stock Option (ISO). SOS have specific tax advantages, as employees do not have to pay taxes on the difference between the exercise price and the stock's fair market value until they sell the stocks. To qualify for SOS, employees must meet certain criteria, such as employment duration and total ownership stake limitations. Another type of ESOP at Vivien, Inc. is the Non-Qualified Stock Option (NO). Nests do not offer the same tax advantages as SOS but still provide employees with the opportunity to purchase Vivien, Inc. stocks at a predetermined price. Nests are more flexible and can be offered to a broader range of employees, regardless of their position or ownership stake. Maricopa Arizona Employee Stock Option Plan at Vivien, Inc. is an effective tool for attracting, retaining, and motivating talented professionals. By granting employees an ownership stake, the company promotes a vibrant and collaborative work culture, where individuals are highly motivated to contribute to the company's success. This plan encourages employees to think and act like owners, leading to increased productivity, dedication, and overall performance.