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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 Jose California Employee Stock Option Plan (ESOP) of Vivien, Inc. is a unique benefit offered to the employees of the company, providing them with the opportunity to purchase Vivien stock at a predetermined price. Sops are a common form of compensation in the corporate world, designed to foster a sense of ownership and incentivize employees to contribute to the long-term success of the company. Vivien, Inc., a prominent corporation located in San Jose, California, offers several types of employee stock option plans that cater to different employee segments and tenure. 1. Standard Employee Stock Option Plan: The standard ESOP at Vivien, Inc. is open to all regular full-time employees, allowing them to purchase company stock at a set price determined by Vivien's board of directors. This plan typically follows strict vesting schedules, where employees gradually earn the right to exercise their stock options over a specific period. 2. Executive Stock Option Plan: Vivien's executive-level employees participate in an exclusive ESOP tailored to their hierarchical position within the company. This plan may offer more substantial stock option grants, accelerated vesting, or additional benefits to retain and reward top talent. 3. Performance-Based Stock Option Plan: Innovation and exceptional performance play a crucial role in Vivien's success. Hence, the Performance-Based Stock Option Plan rewards employees who meet specific performance criteria or contribute significantly to the company's growth. This plan aligns the financial success of employees with the overall prosperity of Vivien, encouraging a culture of excellence and achievement. 4. Stock Option Plan for New Hires: To attract and retain top-tier talent, Vivien has a Stock Option Plan specifically designed for new hires. This plan grants stock options to eligible employees during the onboarding process, providing them with a valuable incentive from the very beginning of their journey with the company. This plan serves as a means to motivate new employees to engage actively and contribute to Vivien's growth. 5. Restricted Stock Unit (RSU) Plan: In addition to stock options, Vivien's RSU Plan is another form of equity compensation offered to employees. RSS grant the right to receive shares of Vivien stock at a predetermined date or once certain conditions are met. This plan may be granted to employees beyond the standard stock options, ensuring a well-rounded and comprehensive compensation package. Overall, the San Jose California Employee Stock Option Plans of Vivien, Inc. are a valuable component of the company's employee benefits program. By granting eligible employees the ability to purchase company stock at a predetermined price, these plans foster a sense of ownership, align employee interests with company success, and contribute to a positive and motivated workforce.

The San Jose California Employee Stock Option Plan (ESOP) of Vivien, Inc. is a unique benefit offered to the employees of the company, providing them with the opportunity to purchase Vivien stock at a predetermined price. Sops are a common form of compensation in the corporate world, designed to foster a sense of ownership and incentivize employees to contribute to the long-term success of the company. Vivien, Inc., a prominent corporation located in San Jose, California, offers several types of employee stock option plans that cater to different employee segments and tenure. 1. Standard Employee Stock Option Plan: The standard ESOP at Vivien, Inc. is open to all regular full-time employees, allowing them to purchase company stock at a set price determined by Vivien's board of directors. This plan typically follows strict vesting schedules, where employees gradually earn the right to exercise their stock options over a specific period. 2. Executive Stock Option Plan: Vivien's executive-level employees participate in an exclusive ESOP tailored to their hierarchical position within the company. This plan may offer more substantial stock option grants, accelerated vesting, or additional benefits to retain and reward top talent. 3. Performance-Based Stock Option Plan: Innovation and exceptional performance play a crucial role in Vivien's success. Hence, the Performance-Based Stock Option Plan rewards employees who meet specific performance criteria or contribute significantly to the company's growth. This plan aligns the financial success of employees with the overall prosperity of Vivien, encouraging a culture of excellence and achievement. 4. Stock Option Plan for New Hires: To attract and retain top-tier talent, Vivien has a Stock Option Plan specifically designed for new hires. This plan grants stock options to eligible employees during the onboarding process, providing them with a valuable incentive from the very beginning of their journey with the company. This plan serves as a means to motivate new employees to engage actively and contribute to Vivien's growth. 5. Restricted Stock Unit (RSU) Plan: In addition to stock options, Vivien's RSU Plan is another form of equity compensation offered to employees. RSS grant the right to receive shares of Vivien stock at a predetermined date or once certain conditions are met. This plan may be granted to employees beyond the standard stock options, ensuring a well-rounded and comprehensive compensation package. Overall, the San Jose California Employee Stock Option Plans of Vivien, Inc. are a valuable component of the company's employee benefits program. By granting eligible employees the ability to purchase company stock at a predetermined price, these plans foster a sense of ownership, align employee interests with company success, and contribute to a positive and motivated workforce.