Contra Costa California Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Stock Incentive Plan of Abase Corp. is a comprehensive program designed to reward and motivate employees by providing them with stock-based compensation. This plan is specifically implemented in Contra Costa County, California, by Abase Corp., a prominent organization operating in the area. The Contra Costa California Stock Incentive Plan offers various types of stock incentives to eligible employees, allowing them to participate in the growth and success of the company. These incentives are aimed at aligning employee interests with the long-term goals of Abase Corp. while enhancing employee retention, loyalty, and overall job satisfaction. 1. Restricted Stock Units (RSS): The plan offers RSS as a type of stock incentive. RSS are given to eligible employees without any purchase requirements and are typically subject to vesting requirements, which means that employees gain ownership of the units over a specific time period or upon achieving certain performance milestones. 2. Stock Options: Eligible employees may also be granted stock options under the plan. Stock options grant the right to purchase a specified number of company shares at a predetermined price, known as the exercise price, within a specific time frame. This provides employees with a potential financial benefit if the company's stock price increases during the option period. 3. Performance Shares: Another type of stock incentive that may be offered under the plan is performance shares. These shares are awarded based on predetermined performance goals, such as meeting specific financial targets or achieving certain operational objectives. Performance shares motivate employees to contribute to the company's growth and success since the number of shares granted depends on their individual or team performance. 4. Stock Appreciation Rights (SARS): The Contra Costa California Stock Incentive Plan may also include SARS as a form of stock incentive. SARS provide employees with the opportunity to receive cash or company stock equivalent to the appreciation in the stock value over a specific period. Employees benefit from any increase in stock price without having to purchase the stock itself. Through the various stock-based incentives offered under the Contra Costa California Stock Incentive Plan of Abase Corp., employees have the chance to share in the company's prosperity and align their interests with the organization's long-term success. These incentives serve as a valuable tool in attracting, motivating, and retaining top talent in Contra Costa County, California.

The Contra Costa California Stock Incentive Plan of Abase Corp. is a comprehensive program designed to reward and motivate employees by providing them with stock-based compensation. This plan is specifically implemented in Contra Costa County, California, by Abase Corp., a prominent organization operating in the area. The Contra Costa California Stock Incentive Plan offers various types of stock incentives to eligible employees, allowing them to participate in the growth and success of the company. These incentives are aimed at aligning employee interests with the long-term goals of Abase Corp. while enhancing employee retention, loyalty, and overall job satisfaction. 1. Restricted Stock Units (RSS): The plan offers RSS as a type of stock incentive. RSS are given to eligible employees without any purchase requirements and are typically subject to vesting requirements, which means that employees gain ownership of the units over a specific time period or upon achieving certain performance milestones. 2. Stock Options: Eligible employees may also be granted stock options under the plan. Stock options grant the right to purchase a specified number of company shares at a predetermined price, known as the exercise price, within a specific time frame. This provides employees with a potential financial benefit if the company's stock price increases during the option period. 3. Performance Shares: Another type of stock incentive that may be offered under the plan is performance shares. These shares are awarded based on predetermined performance goals, such as meeting specific financial targets or achieving certain operational objectives. Performance shares motivate employees to contribute to the company's growth and success since the number of shares granted depends on their individual or team performance. 4. Stock Appreciation Rights (SARS): The Contra Costa California Stock Incentive Plan may also include SARS as a form of stock incentive. SARS provide employees with the opportunity to receive cash or company stock equivalent to the appreciation in the stock value over a specific period. Employees benefit from any increase in stock price without having to purchase the stock itself. Through the various stock-based incentives offered under the Contra Costa California Stock Incentive Plan of Abase Corp., employees have the chance to share in the company's prosperity and align their interests with the organization's long-term success. These incentives serve as a valuable tool in attracting, motivating, and retaining top talent in Contra Costa County, California.