Bronx New York Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• Control #: US-CC-18-350A
• Format: Word; Rich Text

Description

18-350A 18-350A . . . Stock Incentive Plan which provides for issuance of (a) incentive stock options, (b) Non-qualified Stock Options, (c) stock appreciation rights, (d) restricted stock, (e) unrestricted stock, and (f) performance shares. The Plan permits optionees to pay exercise price of options (i) in cash, (ii) in shares of corporation common stock already owned by optionee, (iii) with combination of cash and shares, (iv) by "pyramiding" shares or (v) by effecting a "cashless exercise". "Pyramiding" is technique whereby optionee requests issuer to automatically apply portion of shares received upon exercise of stock option to satisfy exercise price of additional stock options, resulting in multiple simultaneous exercises of options by use of shares as payment. A "cashless exercise" is technique which allows optionee to exercise stock options without cash through assistance of broker through either simultaneous exercise and sale or broker loan The Bronx New York Stock Incentive Plan of Abase Corp. is a program designed to attract and retain talented employees while aligning their interests with the overall performance and success of the company. This plan offers stock-based compensation to eligible participants as a means of incentivizing long-term commitment to Abase Corp. As a comprehensive stock incentive program, the Bronx New York Stock Incentive Plan consists of various components, each tailored to meet the different needs of employees. These components may include: 1. Stock Options: Qualified employees are granted the right to purchase a specified number of Abase Corp. shares at a predetermined price, known as the exercise price or strike price. The stock options can be exercised after a certain period, motivating employees to contribute to the company's expansion and success. 2. Restricted Stock Units (RSS): Participants receive a set number of RSS, representing the promise of future stock delivery upon meeting specific vesting conditions, such as remaining employed at Abase Corp. for a predetermined period or accomplishing certain performance targets. 3. Performance-Based Grants: This component of the stock incentive plan rewards employees based on their individual or collective contribution to Abase Corp.'s performance. The grants are usually tied to predetermined financial metrics, like revenue growth or earnings per share, fostering a focus on achieving specific objectives. 4. Employee Stock Purchase Plan (ESPN): Abase Corp. provides a voluntary stock purchase program for eligible employees, allowing them to buy company shares at a discounted price, often through payroll deductions. This component encourages employees to become company shareholders, aligning their financial interests with the long-term growth of Abase Corp. The Bronx New York Stock Incentive Plan of Abase Corp. aims to motivate employees, align their objectives with shareholder value creation, and retain top talent. By offering stock-based compensation, Abase Corp. emphasizes its commitment to fostering a performance-driven culture, encouraging employee loyalty, and driving the long-term success of the company.

The Bronx New York Stock Incentive Plan of Abase Corp. is a program designed to attract and retain talented employees while aligning their interests with the overall performance and success of the company. This plan offers stock-based compensation to eligible participants as a means of incentivizing long-term commitment to Abase Corp. As a comprehensive stock incentive program, the Bronx New York Stock Incentive Plan consists of various components, each tailored to meet the different needs of employees. These components may include: 1. Stock Options: Qualified employees are granted the right to purchase a specified number of Abase Corp. shares at a predetermined price, known as the exercise price or strike price. The stock options can be exercised after a certain period, motivating employees to contribute to the company's expansion and success. 2. Restricted Stock Units (RSS): Participants receive a set number of RSS, representing the promise of future stock delivery upon meeting specific vesting conditions, such as remaining employed at Abase Corp. for a predetermined period or accomplishing certain performance targets. 3. Performance-Based Grants: This component of the stock incentive plan rewards employees based on their individual or collective contribution to Abase Corp.'s performance. The grants are usually tied to predetermined financial metrics, like revenue growth or earnings per share, fostering a focus on achieving specific objectives. 4. Employee Stock Purchase Plan (ESPN): Abase Corp. provides a voluntary stock purchase program for eligible employees, allowing them to buy company shares at a discounted price, often through payroll deductions. This component encourages employees to become company shareholders, aligning their financial interests with the long-term growth of Abase Corp. The Bronx New York Stock Incentive Plan of Abase Corp. aims to motivate employees, align their objectives with shareholder value creation, and retain top talent. By offering stock-based compensation, Abase Corp. emphasizes its commitment to fostering a performance-driven culture, encouraging employee loyalty, and driving the long-term success of the company.