Philadelphia Pennsylvania Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation program designed to reward and incentivize employees of the company. As an employee, you have the opportunity to participate in this plan, which offers an additional form of remuneration through stock options. Vivien, Inc. is headquartered in Philadelphia, Pennsylvania, and has implemented this plan to align the interests of its employees with the long-term success of the company. By offering stock options, Vivien aims to foster a sense of ownership among its workforce and encourage them to contribute to the overall growth and profitability of the organization. The Philadelphia Pennsylvania Employee Stock Option Plan offers various types of stock options to employees. These options are granted at the discretion of the company and are subject to certain terms, conditions, and vesting schedules. Some different types of stock options available under this plan may include: 1. Non-Qualified Stock Options: These stock options offer employees the right to purchase company shares at a predetermined price, often known as the exercise or strike price. Non-qualified stock options are typically granted to employees as part of their compensation package and may be subject to different tax treatment. 2. Incentive Stock Options: This type of stock option is designed to provide certain tax advantages to employees. Incentive stock options allow employees to purchase company shares at a fixed price, provided certain requirements specified by the Internal Revenue Service (IRS) are met. These options are usually granted as a form of long-term incentive and can offer potential tax benefits when exercised. 3. Restricted Stock Units (RSS): In addition to stock options, the Philadelphia Pennsylvania Employee Stock Option Plan may also incorporate RSS. RSS are units representing the right to receive shares of the company's stock in the future, subject to certain vesting conditions. Unlike stock options, RSS do not provide the right to purchase shares at a predetermined price. Instead, they grant employees the actual ownership of company shares once the vesting requirements are met. 4. Performance-Based Stock Options: Vivien, Inc. may also offer performance-based stock options within its Employee Stock Option Plan. These options are granted based on the achievement of specific performance targets and goals set by the company. Employees who meet or surpass these targets are eligible to exercise these options, aligning their rewards with the overall success of the organization. Overall, the Philadelphia Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a valuable program that provides employees with an opportunity to share in the company's success. By participating in this plan, employees can potentially benefit from the financial growth of the organization while contributing to its long-term goals.

The Philadelphia Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation program designed to reward and incentivize employees of the company. As an employee, you have the opportunity to participate in this plan, which offers an additional form of remuneration through stock options. Vivien, Inc. is headquartered in Philadelphia, Pennsylvania, and has implemented this plan to align the interests of its employees with the long-term success of the company. By offering stock options, Vivien aims to foster a sense of ownership among its workforce and encourage them to contribute to the overall growth and profitability of the organization. The Philadelphia Pennsylvania Employee Stock Option Plan offers various types of stock options to employees. These options are granted at the discretion of the company and are subject to certain terms, conditions, and vesting schedules. Some different types of stock options available under this plan may include: 1. Non-Qualified Stock Options: These stock options offer employees the right to purchase company shares at a predetermined price, often known as the exercise or strike price. Non-qualified stock options are typically granted to employees as part of their compensation package and may be subject to different tax treatment. 2. Incentive Stock Options: This type of stock option is designed to provide certain tax advantages to employees. Incentive stock options allow employees to purchase company shares at a fixed price, provided certain requirements specified by the Internal Revenue Service (IRS) are met. These options are usually granted as a form of long-term incentive and can offer potential tax benefits when exercised. 3. Restricted Stock Units (RSS): In addition to stock options, the Philadelphia Pennsylvania Employee Stock Option Plan may also incorporate RSS. RSS are units representing the right to receive shares of the company's stock in the future, subject to certain vesting conditions. Unlike stock options, RSS do not provide the right to purchase shares at a predetermined price. Instead, they grant employees the actual ownership of company shares once the vesting requirements are met. 4. Performance-Based Stock Options: Vivien, Inc. may also offer performance-based stock options within its Employee Stock Option Plan. These options are granted based on the achievement of specific performance targets and goals set by the company. Employees who meet or surpass these targets are eligible to exercise these options, aligning their rewards with the overall success of the organization. Overall, the Philadelphia Pennsylvania Employee Stock Option Plan of Vivien, Inc. is a valuable program that provides employees with an opportunity to share in the company's success. By participating in this plan, employees can potentially benefit from the financial growth of the organization while contributing to its long-term goals.