San Antonio Texas Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation program offered by Vivien, Inc. — a leading company in San Antonio, Texas. This plan aims to incentivize and reward employees by granting them the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specific time period. Employees who are eligible for participation in the San Antonio Texas Employee Stock Option Plan are granted stock options, which represent the right to acquire shares of Vivien, Inc. stock at a future date. These options can prove to be highly valuable if the company's stock price increases over time. It aligns the interests of the employees with the company's success, creating a sense of ownership and motivation to contribute to the growth and profitability of Vivien, Inc. The San Antonio Texas Employee Stock Option Plan usually has specific terms and conditions that dictate the period during which employees can exercise their options. It also typically outlines the vesting schedule, which signifies the time required for an employee to be fully entitled to exercise their options. Vesting can occur over a specific period or based on performance or tenure milestones. Different types of stock options may be available within the San Antonio Texas Employee Stock Option Plan of Vivien, Inc. These can include: 1. Incentive Stock Options (SOS): These options are granted to employees and often carry tax advantages, allowing employees to potentially receive preferential tax treatment upon exercise and sale of the stock. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for the same tax advantages. However, they still provide employees with the opportunity to purchase company stock at a predetermined price. 3. Restricted Stock Units (RSS): In some cases, the San Antonio Texas Employee Stock Option Plan may also include RSS. RSS represents a promise to deliver shares of company stock at a future date or upon fulfillment of certain conditions, such as reaching a specific performance target. It is important to note that the specific details and offerings of the San Antonio Texas Employee Stock Option Plan may vary depending on Vivien, Inc.'s policies and practices. Employees should refer to the official plan documents and consult with human resources or the plan administrator for accurate and comprehensive information tailored to their circumstance.

San Antonio Texas Employee Stock Option Plan of Vivien, Inc. is a comprehensive compensation program offered by Vivien, Inc. — a leading company in San Antonio, Texas. This plan aims to incentivize and reward employees by granting them the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specific time period. Employees who are eligible for participation in the San Antonio Texas Employee Stock Option Plan are granted stock options, which represent the right to acquire shares of Vivien, Inc. stock at a future date. These options can prove to be highly valuable if the company's stock price increases over time. It aligns the interests of the employees with the company's success, creating a sense of ownership and motivation to contribute to the growth and profitability of Vivien, Inc. The San Antonio Texas Employee Stock Option Plan usually has specific terms and conditions that dictate the period during which employees can exercise their options. It also typically outlines the vesting schedule, which signifies the time required for an employee to be fully entitled to exercise their options. Vesting can occur over a specific period or based on performance or tenure milestones. Different types of stock options may be available within the San Antonio Texas Employee Stock Option Plan of Vivien, Inc. These can include: 1. Incentive Stock Options (SOS): These options are granted to employees and often carry tax advantages, allowing employees to potentially receive preferential tax treatment upon exercise and sale of the stock. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for the same tax advantages. However, they still provide employees with the opportunity to purchase company stock at a predetermined price. 3. Restricted Stock Units (RSS): In some cases, the San Antonio Texas Employee Stock Option Plan may also include RSS. RSS represents a promise to deliver shares of company stock at a future date or upon fulfillment of certain conditions, such as reaching a specific performance target. It is important to note that the specific details and offerings of the San Antonio Texas Employee Stock Option Plan may vary depending on Vivien, Inc.'s policies and practices. Employees should refer to the official plan documents and consult with human resources or the plan administrator for accurate and comprehensive information tailored to their circumstance.