Santa Clara California Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to incentivize and reward employees through the issuance of stock options. These options allow employees to purchase the company's stock at a predetermined price within a specified timeframe, providing an opportunity for long-term financial growth and alignment of interests between employees and the company's success. The Santa Clara California Employee Stock Option Plan aims to attract and retain top talent by giving employees a sense of ownership and stake in the company's performance. By tying employee compensation to the company's stock price, this plan motivates employees to work towards increasing shareholder value. There are different types of stock options provided by the Santa Clara California Employee Stock Option Plan of Vivien, Inc. The first type is the Non-Qualified Stock Option (NO), which is available to employees at any level within the company. SOS can be exercised at any time after they become vested, offering employees flexibility in when they choose to exercise their options. The second type is the Incentive Stock Option (ISO), which is generally reserved for key employees and executives. SOS provide certain tax advantages, such as potential capital gains tax treatment upon exercise and sale of the stock. Both types of stock options granted under the Santa Clara California Employee Stock Option Plan may have vesting schedules, which determine when employees can exercise their options. Vesting typically occurs over a period of time or upon achieving certain performance milestones, ensuring that employees are committed to the company's long-term success. It's essential for employees to understand the terms and conditions of the Santa Clara California Employee Stock Option Plan, including the exercise price, the grant date, the expiration date, and any restrictions or limitations on the options. Proper comprehension of these details allows employees to make informed decisions about exercising their stock options. Overall, the Santa Clara California Employee Stock Option Plan of Vivien, Inc. serves as a crucial tool in attracting, motivating, and retaining a talented workforce, fostering a sense of ownership, and aligning employees' interests with the company's growth and success.

The Santa Clara California Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to incentivize and reward employees through the issuance of stock options. These options allow employees to purchase the company's stock at a predetermined price within a specified timeframe, providing an opportunity for long-term financial growth and alignment of interests between employees and the company's success. The Santa Clara California Employee Stock Option Plan aims to attract and retain top talent by giving employees a sense of ownership and stake in the company's performance. By tying employee compensation to the company's stock price, this plan motivates employees to work towards increasing shareholder value. There are different types of stock options provided by the Santa Clara California Employee Stock Option Plan of Vivien, Inc. The first type is the Non-Qualified Stock Option (NO), which is available to employees at any level within the company. SOS can be exercised at any time after they become vested, offering employees flexibility in when they choose to exercise their options. The second type is the Incentive Stock Option (ISO), which is generally reserved for key employees and executives. SOS provide certain tax advantages, such as potential capital gains tax treatment upon exercise and sale of the stock. Both types of stock options granted under the Santa Clara California Employee Stock Option Plan may have vesting schedules, which determine when employees can exercise their options. Vesting typically occurs over a period of time or upon achieving certain performance milestones, ensuring that employees are committed to the company's long-term success. It's essential for employees to understand the terms and conditions of the Santa Clara California Employee Stock Option Plan, including the exercise price, the grant date, the expiration date, and any restrictions or limitations on the options. Proper comprehension of these details allows employees to make informed decisions about exercising their stock options. Overall, the Santa Clara California Employee Stock Option Plan of Vivien, Inc. serves as a crucial tool in attracting, motivating, and retaining a talented workforce, fostering a sense of ownership, and aligning employees' interests with the company's growth and success.