Phoenix Arizona Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Employee Stock Option Plan (ESOP) is an attractive offering from Vivien, Inc., a leading company in Phoenix, Arizona. An ESOP is a beneficial program provided by many companies that afford their employees the opportunity to become shareholders in the company. It serves as a valuable incentive, encouraging employees to work harder, enhancing their loyalty, and aligning their interests with those of the company. The Phoenix Arizona Employee Stock Option Plan offers various types of stock options that cater to the diverse needs and circumstances of Vivien, Inc.'s employees. Here are a few types of Sops available: 1. Standard Stock Options: This type of ESOP grants employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. Over time, the employees can exercise these options, acquiring ownership in the company and enjoying the potential growth in share value. 2. Incentive Stock Options (SOS): SOS provide additional tax benefits for employees. Under this plan, if certain conditions are met, employees can exercise their options without being subject to immediate tax liabilities. SOS typically come with specific holding periods and requirements that must be met to fully benefit from the tax advantages. 3. Non-Qualified Stock Options (Nests): Nests differ from SOS in terms of the taxes owed upon exercise. With Nests, employees need to pay taxes on the difference between the market price and the exercise price at the time of exercising the options. Although not as tax-favorable as SOS, Nests still provide the opportunity for employees to acquire company shares. 4. Restricted Stock Units (RSS): RSS represent a commitment to provide employees with a specific number of company shares at a predetermined future date. Once the RSS vest, employees are entitled to the shares and any appreciation in their value. RSS are often subject to specific performance or tenure-based criteria. By offering these different types of Sops, Vivien, Inc., ensures flexibility and suitability for its employees' diverse needs and circumstances. This program not only helps attract and retain top talent but also instills a sense of ownership and loyalty, driving the company's growth and success.