Suffolk New York Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Employee Stock Option Plan offered by Vivien, Inc. is a comprehensive program designed to reward and incentivize employees through the issuance of stock options. This plan allows employees based in Suffolk, New York to become partial owners of the company, fostering a sense of loyalty, motivation, and alignment with the company's goals. Under this scheme, qualified employees are granted rights to purchase a specific number of company stocks at a predetermined price, known as the exercise price, within a specified timeframe. These options hold significant value as they provide employees with the opportunity to benefit from the future growth and success of Vivien, Inc. The Vivien, Inc. Employee Stock Option Plan in Suffolk, New York provides various types of stock options to address the diverse needs of its workforce. They are: 1. Non-Qualified Stock Options (SOS): These options allow employees to purchase shares at a pre-established price, which may be either higher or lower than the market value at the time of grant. SOS offer greater flexibility in terms of timing and eligibility criteria. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and are subject to specific requirements outlined by the Internal Revenue Code (IRC). These options offer tax advantages, as employees may be eligible to pay capital gains tax rates upon exercising and selling the shares. 3. Restricted Stock Units (RSS): RSS are another form of equity-based compensation where employees receive a commitment to provide company stock at a future date or upon the achievement of specific performance goals. RSS differ from stock options as they grant actual shares rather than the right to purchase them. 4. Performance Stock Options (SOS): SOS are a specialized type of stock option that ties the vesting and exercise to predetermined performance goals or milestones. When these goals are achieved, employees can exercise their stock options and convert them into actual shares. The Suffolk New York Employee Stock Option Plan of Vivien, Inc. ensures that employees can actively participate in the company's success and growth while reaping potential financial benefits. This program serves as a valuable retention and motivation tool, attracting talent and fostering a dedicated workforce in Suffolk, New York.

The Suffolk New York Employee Stock Option Plan offered by Vivien, Inc. is a comprehensive program designed to reward and incentivize employees through the issuance of stock options. This plan allows employees based in Suffolk, New York to become partial owners of the company, fostering a sense of loyalty, motivation, and alignment with the company's goals. Under this scheme, qualified employees are granted rights to purchase a specific number of company stocks at a predetermined price, known as the exercise price, within a specified timeframe. These options hold significant value as they provide employees with the opportunity to benefit from the future growth and success of Vivien, Inc. The Vivien, Inc. Employee Stock Option Plan in Suffolk, New York provides various types of stock options to address the diverse needs of its workforce. They are: 1. Non-Qualified Stock Options (SOS): These options allow employees to purchase shares at a pre-established price, which may be either higher or lower than the market value at the time of grant. SOS offer greater flexibility in terms of timing and eligibility criteria. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and are subject to specific requirements outlined by the Internal Revenue Code (IRC). These options offer tax advantages, as employees may be eligible to pay capital gains tax rates upon exercising and selling the shares. 3. Restricted Stock Units (RSS): RSS are another form of equity-based compensation where employees receive a commitment to provide company stock at a future date or upon the achievement of specific performance goals. RSS differ from stock options as they grant actual shares rather than the right to purchase them. 4. Performance Stock Options (SOS): SOS are a specialized type of stock option that ties the vesting and exercise to predetermined performance goals or milestones. When these goals are achieved, employees can exercise their stock options and convert them into actual shares. The Suffolk New York Employee Stock Option Plan of Vivien, Inc. ensures that employees can actively participate in the company's success and growth while reaping potential financial benefits. This program serves as a valuable retention and motivation tool, attracting talent and fostering a dedicated workforce in Suffolk, New York.