San Diego California Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Diego
• 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 San Diego California Employee Stock Option Plan of Vivien, Inc. is a comprehensive and attractive compensation package offered to employees of Vivien, Inc., a prominent company based in San Diego, California. This plan provides eligible employees with the opportunity to acquire company stock at a predetermined price within a specified time frame. One type of the San Diego California Employee Stock Option Plan of Vivien, Inc. is the Incentive Stock Option (ISO). This type of plan offers tax advantages to employees, as they may defer income tax on the stock options until they sell the shares. SOS are typically granted to key employees and align their interests with the long-term success of the company. Another type of stock option plan offered by Vivien, Inc. is the Non-Qualified Stock Option (NO). Unlike SOS, SOS do not offer the same tax advantages but still provide employees with an opportunity to purchase company stock at a predetermined price. SOS can be granted to both key employees and non-executive staff members, expanding the reach of the stock option plan throughout the company. The San Diego California Employee Stock Option Plan of Vivien, Inc. aims to attract and retain top talent by offering employees a stake in the company's success. By granting stock options, Vivien, Inc. provides employees with a unique opportunity to benefit financially as the company's stock value increases over time. Participating employees gain ownership in the company and thus become more motivated and dedicated to their work, actively contributing to Vivien, Inc.'s overall growth and profitability. This alignment of interests fosters a positive work culture and enhances employee loyalty. The stock option plan also acts as a valuable tool for talent acquisition and retention in a competitive job market. By offering stock options, Vivien, Inc. can attract highly qualified individuals seeking financial incentives, as well as effectively retain skilled employees who have a vested interest in the company's long-term success. Under the San Diego California Employee Stock Option Plan of Vivien, Inc., employees can exercise their stock options according to a predetermined vesting schedule. This schedule outlines the period over which employees gain the right to exercise their options, encouraging them to stay with the company for a specified duration. Overall, the San Diego California Employee Stock Option Plan of Vivien, Inc. is a beneficial program that offers financial rewards, aligns employee interests with the success of the company, and enhances employee engagement and loyalty. It positions Vivien, Inc. as an employer of choice in the competitive San Diego job market, attracting and retaining top talent essential for the company's growth and success.

The San Diego California Employee Stock Option Plan of Vivien, Inc. is a comprehensive and attractive compensation package offered to employees of Vivien, Inc., a prominent company based in San Diego, California. This plan provides eligible employees with the opportunity to acquire company stock at a predetermined price within a specified time frame. One type of the San Diego California Employee Stock Option Plan of Vivien, Inc. is the Incentive Stock Option (ISO). This type of plan offers tax advantages to employees, as they may defer income tax on the stock options until they sell the shares. SOS are typically granted to key employees and align their interests with the long-term success of the company. Another type of stock option plan offered by Vivien, Inc. is the Non-Qualified Stock Option (NO). Unlike SOS, SOS do not offer the same tax advantages but still provide employees with an opportunity to purchase company stock at a predetermined price. SOS can be granted to both key employees and non-executive staff members, expanding the reach of the stock option plan throughout the company. The San Diego California Employee Stock Option Plan of Vivien, Inc. aims to attract and retain top talent by offering employees a stake in the company's success. By granting stock options, Vivien, Inc. provides employees with a unique opportunity to benefit financially as the company's stock value increases over time. Participating employees gain ownership in the company and thus become more motivated and dedicated to their work, actively contributing to Vivien, Inc.'s overall growth and profitability. This alignment of interests fosters a positive work culture and enhances employee loyalty. The stock option plan also acts as a valuable tool for talent acquisition and retention in a competitive job market. By offering stock options, Vivien, Inc. can attract highly qualified individuals seeking financial incentives, as well as effectively retain skilled employees who have a vested interest in the company's long-term success. Under the San Diego California Employee Stock Option Plan of Vivien, Inc., employees can exercise their stock options according to a predetermined vesting schedule. This schedule outlines the period over which employees gain the right to exercise their options, encouraging them to stay with the company for a specified duration. Overall, the San Diego California Employee Stock Option Plan of Vivien, Inc. is a beneficial program that offers financial rewards, aligns employee interests with the success of the company, and enhances employee engagement and loyalty. It positions Vivien, Inc. as an employer of choice in the competitive San Diego job market, attracting and retaining top talent essential for the company's growth and success.