Pima Arizona Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• 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 Lima Arizona Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program designed to reward and incentivize employees. This stock option plan allows eligible employees of Vivien, Inc., a leading company in the medical technology industry, to purchase company stock at a predetermined price within a specified time frame. The plan aims to align employees' interests with the company's long-term success by giving them the opportunity to share in its financial growth. The Lima Arizona Employee Stock Option Plan offers several types of stock options, tailored to meet the diverse needs and preferences of employees. These options include: 1. Non-Qualified Stock Options (NO): This type of stock option allows employees to purchase company shares at a set price, typically lower than the current market value, at the time of granting. Nests provide employees with flexibility in terms of when they can exercise their options, allowing them to strategize the most opportune time to exercise and potentially sell the acquired stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option provided under the Lima Arizona Employee Stock Option Plan. These options are typically granted to key employees, and they offer potential tax advantages. To benefit from these advantages, employees must meet specific IRS criteria regarding the holding period and other requirements. SOS provide employees the opportunity to invest in Vivien, Inc., while potentially receiving favorable tax treatment in case of capital gains upon sale. 3. Restricted Stock Units (RSS): RSS are a type of equity compensation that grants employees the right to receive company shares upon the fulfillment of certain vesting conditions. Unlike stock options, RSS do not require employees to pay an exercise price. Instead, they receive shares outright once the vesting period is complete. RSS serve as a valuable retention tool, as they encourage employees to remain with Vivien, Inc. over the long term. 4. Employee Stock Purchase Plan (ESPN): ESPN are voluntary programs that allow employees to contribute a portion of their salary to purchase company stock at a discounted price. The Lima Arizona Employee Stock Option Plan may include an ESPN, enabling eligible employees to accumulate company stock gradually, often on a recurring basis (e.g., quarterly or annually). The Lima Arizona Employee Stock Option Plan of Vivien, Inc. emphasizes the importance of employee ownership and fosters a collective sense of responsibility towards the company's performance. By participating in this plan, employees have the opportunity to benefit from Vivien, Inc.'s growth, while helping to drive its success through their dedication and hard work.

The Lima Arizona Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program designed to reward and incentivize employees. This stock option plan allows eligible employees of Vivien, Inc., a leading company in the medical technology industry, to purchase company stock at a predetermined price within a specified time frame. The plan aims to align employees' interests with the company's long-term success by giving them the opportunity to share in its financial growth. The Lima Arizona Employee Stock Option Plan offers several types of stock options, tailored to meet the diverse needs and preferences of employees. These options include: 1. Non-Qualified Stock Options (NO): This type of stock option allows employees to purchase company shares at a set price, typically lower than the current market value, at the time of granting. Nests provide employees with flexibility in terms of when they can exercise their options, allowing them to strategize the most opportune time to exercise and potentially sell the acquired stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option provided under the Lima Arizona Employee Stock Option Plan. These options are typically granted to key employees, and they offer potential tax advantages. To benefit from these advantages, employees must meet specific IRS criteria regarding the holding period and other requirements. SOS provide employees the opportunity to invest in Vivien, Inc., while potentially receiving favorable tax treatment in case of capital gains upon sale. 3. Restricted Stock Units (RSS): RSS are a type of equity compensation that grants employees the right to receive company shares upon the fulfillment of certain vesting conditions. Unlike stock options, RSS do not require employees to pay an exercise price. Instead, they receive shares outright once the vesting period is complete. RSS serve as a valuable retention tool, as they encourage employees to remain with Vivien, Inc. over the long term. 4. Employee Stock Purchase Plan (ESPN): ESPN are voluntary programs that allow employees to contribute a portion of their salary to purchase company stock at a discounted price. The Lima Arizona Employee Stock Option Plan may include an ESPN, enabling eligible employees to accumulate company stock gradually, often on a recurring basis (e.g., quarterly or annually). The Lima Arizona Employee Stock Option Plan of Vivien, Inc. emphasizes the importance of employee ownership and fosters a collective sense of responsibility towards the company's performance. By participating in this plan, employees have the opportunity to benefit from Vivien, Inc.'s growth, while helping to drive its success through their dedication and hard work.