Wake North Carolina Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees with the opportunity to purchase company stock at a discounted price. This plan aims to align the interests of the employees with the long-term success and growth of the company. As part of this plan, employees are granted stock options, which give them the right to purchase a specific number of shares at a predetermined price within a defined time frame. These options can serve as a valuable financial incentive for employees, as they can potentially benefit from any increase in the company's stock price over time. One of the main benefits of the Wake North Carolina Employee Stock Option Plan is that it allows employees to become shareholders of Vivien, Inc. This sense of ownership can increase their loyalty, engagement, and motivation to contribute to the company's success. There are different types of stock options available under this plan, such as non-qualified stock options (SOS) and incentive stock options (SOS). SOS are more common and offer employees more flexibility in terms of exercise and taxation. SOS, on the other hand, may offer more tax advantages but also come with more restrictive rules and requirements. Participating in the Wake North Carolina Employee Stock Option Plan is voluntary, and employees must meet certain eligibility criteria to qualify. These criteria may include a minimum tenure with the company and/or meeting performance targets. The plan's rules and guidelines are established by Vivien, Inc. and comply with relevant laws and regulations. Employees who choose to exercise their stock options can do so by purchasing the allocated shares at the predetermined price, known as the strike price. They can then either hold onto the shares or sell them in the open market. The potential financial gains from stock option exercises can vary depending on the company's performance and the stock's market value. Overall, the Wake North Carolina Employee Stock Option Plan plays a significant role in attracting and retaining talented employees at Vivien, Inc. It serves as a valuable employee benefit, encouraging employees to take an active interest in the company's growth and foster a strong sense of ownership.

The Wake North Carolina Employee Stock Option Plan of Vivien, Inc. is a comprehensive program designed to provide employees with the opportunity to purchase company stock at a discounted price. This plan aims to align the interests of the employees with the long-term success and growth of the company. As part of this plan, employees are granted stock options, which give them the right to purchase a specific number of shares at a predetermined price within a defined time frame. These options can serve as a valuable financial incentive for employees, as they can potentially benefit from any increase in the company's stock price over time. One of the main benefits of the Wake North Carolina Employee Stock Option Plan is that it allows employees to become shareholders of Vivien, Inc. This sense of ownership can increase their loyalty, engagement, and motivation to contribute to the company's success. There are different types of stock options available under this plan, such as non-qualified stock options (SOS) and incentive stock options (SOS). SOS are more common and offer employees more flexibility in terms of exercise and taxation. SOS, on the other hand, may offer more tax advantages but also come with more restrictive rules and requirements. Participating in the Wake North Carolina Employee Stock Option Plan is voluntary, and employees must meet certain eligibility criteria to qualify. These criteria may include a minimum tenure with the company and/or meeting performance targets. The plan's rules and guidelines are established by Vivien, Inc. and comply with relevant laws and regulations. Employees who choose to exercise their stock options can do so by purchasing the allocated shares at the predetermined price, known as the strike price. They can then either hold onto the shares or sell them in the open market. The potential financial gains from stock option exercises can vary depending on the company's performance and the stock's market value. Overall, the Wake North Carolina Employee Stock Option Plan plays a significant role in attracting and retaining talented employees at Vivien, Inc. It serves as a valuable employee benefit, encouraging employees to take an active interest in the company's growth and foster a strong sense of ownership.