Middlesex Massachusetts Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. is a comprehensive stock option program designed specifically for employees working in Middlesex County, Massachusetts, at Vivien, Inc. This plan allows eligible employees to purchase company stock at a predetermined price within a specified period. It is an attractive incentive offered by Vivien, Inc. to attract, retain, and reward talented employees in the highly competitive job market of Middlesex County, Massachusetts. The Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. provides employees with the opportunity to acquire ownership in the company, enabling them to share in its success and growth. This program is a vital component of Vivien, Inc.'s overall compensation package, aiming to align the interests of employees with those of the company and its shareholders. The plan offers several types of stock options tailored to meet the diverse needs and preferences of employees. Some common stock option types in the Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. include: 1. Non-Qualified Stock Options (SOS): These stock options are typically granted to employees and do not qualify for special tax treatment. With SOS, employees have the flexibility to exercise their options and purchase company stock at a predetermined price known as the exercise price. 2. Incentive Stock Options (SOS): SOS are designed to provide tax advantages to employees. If certain conditions are met, such as a specified holding period, employees can exercise these options and potentially receive favorable tax treatment on the resulting gains. 3. Restricted Stock Units (RSS): RSS are an alternative form of stock compensation where employees are granted a specific number of stock units that vest over time. Once the RSS have fully vested, employees receive shares of the company's stock. Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. aims to motivate employees through the potential financial rewards associated with the stock options offered. By linking employees' compensation to the company's performance, Vivien, Inc. reinforces a sense of ownership and encourages employees to contribute to the long-term success of the organization. It's important to note that specific terms and conditions of the Middlesex Massachusetts Employee Stock Option Plan may vary and are subject to the discretion of Vivien, Inc. Employees are encouraged to review the plan documents and consult with a financial advisor or HR representative to fully understand the details, eligibility requirements, and potential benefits associated with the stock option program.

Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. is a comprehensive stock option program designed specifically for employees working in Middlesex County, Massachusetts, at Vivien, Inc. This plan allows eligible employees to purchase company stock at a predetermined price within a specified period. It is an attractive incentive offered by Vivien, Inc. to attract, retain, and reward talented employees in the highly competitive job market of Middlesex County, Massachusetts. The Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. provides employees with the opportunity to acquire ownership in the company, enabling them to share in its success and growth. This program is a vital component of Vivien, Inc.'s overall compensation package, aiming to align the interests of employees with those of the company and its shareholders. The plan offers several types of stock options tailored to meet the diverse needs and preferences of employees. Some common stock option types in the Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. include: 1. Non-Qualified Stock Options (SOS): These stock options are typically granted to employees and do not qualify for special tax treatment. With SOS, employees have the flexibility to exercise their options and purchase company stock at a predetermined price known as the exercise price. 2. Incentive Stock Options (SOS): SOS are designed to provide tax advantages to employees. If certain conditions are met, such as a specified holding period, employees can exercise these options and potentially receive favorable tax treatment on the resulting gains. 3. Restricted Stock Units (RSS): RSS are an alternative form of stock compensation where employees are granted a specific number of stock units that vest over time. Once the RSS have fully vested, employees receive shares of the company's stock. Middlesex Massachusetts Employee Stock Option Plan of Vivien, Inc. aims to motivate employees through the potential financial rewards associated with the stock options offered. By linking employees' compensation to the company's performance, Vivien, Inc. reinforces a sense of ownership and encourages employees to contribute to the long-term success of the organization. It's important to note that specific terms and conditions of the Middlesex Massachusetts Employee Stock Option Plan may vary and are subject to the discretion of Vivien, Inc. Employees are encouraged to review the plan documents and consult with a financial advisor or HR representative to fully understand the details, eligibility requirements, and potential benefits associated with the stock option program.