Wayne Michigan Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program designed to motivate and reward employees of Vivien, Inc., a leading company based in Wayne, Michigan. This plan offers eligible employees the opportunity to purchase company stock at a predetermined price within a specified time period, which can prove to be a valuable investment opportunity. Under the Wayne Michigan Employee Stock Option Plan, Vivien, Inc. provides its employees with stock options that can be exercised at a later date. By contributing to the plan, employees have the chance to become partial owners of the company, aligning their financial interests with the overall success of Vivien, Inc. One of the key advantages of this plan is that it allows employees to purchase company stock at a discounted price, often referred to as the "strike price" or "grant price." This discount can be substantial, presenting employees with the potential for significant financial gains if the company's stock value appreciates over time. The Wayne Michigan Employee Stock Option Plan also incorporates a vesting schedule, which determines when employees can exercise their options. Vesting can occur over a defined period, typically several years, or may have specific requirements tied to an employee's tenure with the company. This motivates employees to stay with Vivien, Inc. for a certain duration, thus fostering loyalty and commitment among the workforce. It is important to note that there may be different variations or types of the Wayne Michigan Employee Stock Option Plan offered by Vivien, Inc., tailored to suit the needs of different employee groups or roles within the company. For instance, there could be executive stock option plans with additional benefits or restricted stock unit (RSU) plans that grant employees stock units instead of traditional stock options. The Wayne Michigan Employee Stock Option Plan not only offers employees a chance to share in the company's success but also encourages them to contribute to its growth and profitability. By having a stake in the company's performance, employees have increased motivation to work towards achieving organizational objectives and drive long-term value for Vivien, Inc. In summary, the Wayne Michigan Employee Stock Option Plan of Vivien, Inc. is an enticing employee benefit plan that enables eligible employees to purchase company stock at a discounted price, aligning their financial interests with the success of the company. With different types and variations available, this plan serves as a valuable tool for motivating and retaining employees while fostering a sense of ownership and loyalty within the workforce.

Wayne Michigan Employee Stock Option Plan of Vivien, Inc. is a comprehensive employee benefit program designed to motivate and reward employees of Vivien, Inc., a leading company based in Wayne, Michigan. This plan offers eligible employees the opportunity to purchase company stock at a predetermined price within a specified time period, which can prove to be a valuable investment opportunity. Under the Wayne Michigan Employee Stock Option Plan, Vivien, Inc. provides its employees with stock options that can be exercised at a later date. By contributing to the plan, employees have the chance to become partial owners of the company, aligning their financial interests with the overall success of Vivien, Inc. One of the key advantages of this plan is that it allows employees to purchase company stock at a discounted price, often referred to as the "strike price" or "grant price." This discount can be substantial, presenting employees with the potential for significant financial gains if the company's stock value appreciates over time. The Wayne Michigan Employee Stock Option Plan also incorporates a vesting schedule, which determines when employees can exercise their options. Vesting can occur over a defined period, typically several years, or may have specific requirements tied to an employee's tenure with the company. This motivates employees to stay with Vivien, Inc. for a certain duration, thus fostering loyalty and commitment among the workforce. It is important to note that there may be different variations or types of the Wayne Michigan Employee Stock Option Plan offered by Vivien, Inc., tailored to suit the needs of different employee groups or roles within the company. For instance, there could be executive stock option plans with additional benefits or restricted stock unit (RSU) plans that grant employees stock units instead of traditional stock options. The Wayne Michigan Employee Stock Option Plan not only offers employees a chance to share in the company's success but also encourages them to contribute to its growth and profitability. By having a stake in the company's performance, employees have increased motivation to work towards achieving organizational objectives and drive long-term value for Vivien, Inc. In summary, the Wayne Michigan Employee Stock Option Plan of Vivien, Inc. is an enticing employee benefit plan that enables eligible employees to purchase company stock at a discounted price, aligning their financial interests with the success of the company. With different types and variations available, this plan serves as a valuable tool for motivating and retaining employees while fostering a sense of ownership and loyalty within the workforce.