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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Employee Stock Option Plan of Vivien, Inc. is an attractive compensation scheme offered by Vivien, Inc. to its employees in Nassau County, New York. This comprehensive employee benefit plan includes various stock options that enable employees to purchase shares of the company's stock at a predetermined price, thereby providing them with an opportunity to profit from the company's success. The primary objective of the Nassau New York Employee Stock Option Plan is to motivate and retain talented employees by giving them a sense of ownership in the company and aligning their interests with the long-term goals of Vivien, Inc. Employees who participate in this plan have the chance to benefit from the company's growth and rising stock value, creating a mutually advantageous relationship. Vivien, Inc. offers two main types of stock options under the Nassau New York Employee Stock Option Plan: 1. Non-Qualified Stock Options (Nests): Nests are the most common type of stock option offered by Vivien, Inc. They provide employees with the opportunity to purchase company shares at a predetermined exercise price. The exercise price is usually set at the fair market value of the stock on the grant date. When employees exercise their options, they may choose to hold the shares or sell them in the open market, potentially profiting from any increase in the stock price. 2. Incentive Stock Options (SOS): SOS are another type of stock option offered by Vivien, Inc. These options come with potential tax advantages for employees. If certain conditions are met, employees can exercise SOS without incurring immediate taxable income. However, if the shares acquired through SOS are held for a specified period, any gains upon sale may qualify for favorable long-term capital gains tax treatment. It is important to note that the specific terms and conditions of the Nassau New York Employee Stock Option Plan may vary for different employees based on their positions, tenure, and performance within Vivien, Inc. These plans are typically governed by a set of rules and guidelines aimed at ensuring fairness and equity among participants. Overall, the Nassau New York Employee Stock Option Plan of Vivien, Inc. provides an attractive incentive for employees in Nassau County, New York, to contribute to the success of the company while also enjoying the potential benefits of the company's growth and rising stock value.

Nassau New York Employee Stock Option Plan of Vivien, Inc. is an attractive compensation scheme offered by Vivien, Inc. to its employees in Nassau County, New York. This comprehensive employee benefit plan includes various stock options that enable employees to purchase shares of the company's stock at a predetermined price, thereby providing them with an opportunity to profit from the company's success. The primary objective of the Nassau New York Employee Stock Option Plan is to motivate and retain talented employees by giving them a sense of ownership in the company and aligning their interests with the long-term goals of Vivien, Inc. Employees who participate in this plan have the chance to benefit from the company's growth and rising stock value, creating a mutually advantageous relationship. Vivien, Inc. offers two main types of stock options under the Nassau New York Employee Stock Option Plan: 1. Non-Qualified Stock Options (Nests): Nests are the most common type of stock option offered by Vivien, Inc. They provide employees with the opportunity to purchase company shares at a predetermined exercise price. The exercise price is usually set at the fair market value of the stock on the grant date. When employees exercise their options, they may choose to hold the shares or sell them in the open market, potentially profiting from any increase in the stock price. 2. Incentive Stock Options (SOS): SOS are another type of stock option offered by Vivien, Inc. These options come with potential tax advantages for employees. If certain conditions are met, employees can exercise SOS without incurring immediate taxable income. However, if the shares acquired through SOS are held for a specified period, any gains upon sale may qualify for favorable long-term capital gains tax treatment. It is important to note that the specific terms and conditions of the Nassau New York Employee Stock Option Plan may vary for different employees based on their positions, tenure, and performance within Vivien, Inc. These plans are typically governed by a set of rules and guidelines aimed at ensuring fairness and equity among participants. Overall, the Nassau New York Employee Stock Option Plan of Vivien, Inc. provides an attractive incentive for employees in Nassau County, New York, to contribute to the success of the company while also enjoying the potential benefits of the company's growth and rising stock value.