Contra Costa California Stock Incentive Plan of Ambase Corp.

State:
Multi-State
County:
Contra Costa
Control #:
US-CC-18-350A
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Word; 
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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.

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FAQ

Employee stock options can be a lucrative part of an individual's overall compensation package, although not every company offers them. Workers can buy shares at a pre-determined price at a future date, regardless of the price of the stock when the options are exercised.

Your employer is not required to withhold income tax when you exercise an Incentive Stock Option since there is no tax due (under the regular tax system) until you sell the stock.

A stock incentive plan, or employee stock purchase plan, is a form of compensation by a company for employees or contractors which can be used as an alternative to cash payment. It's designed to motivate employees by offering them the opportunity for future earnings through company stocks.

An incentive stock option (ISO) gives you the right (but not the obligation) to purchase your company's stock at an Exercise Price subject to certain conditions. The date your employer issues the ISO is called the Grant Date.

An incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares of company stock at a discounted price with the added benefit of possible tax breaks on the profit. The profit on qualified ISOs is usually taxed at the capital gains rate, not the higher rate for ordinary income.

An incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares of company stock at a discounted price with the added benefit of possible tax breaks on the profit. The profit on qualified ISOs is usually taxed at the capital gains rate, not the higher rate for ordinary income.

If you have liquidity, exercising incentive stock options in January or December can be a good strategy. By exercising in January, you can assess your entire tax situation at the end of the year and decide whether to sell the stock before 12/31 to likely avoid the AMT.

The $100K Limit means that the maximum amount of ISOs that an employee can receive (vest) per year is $100K. The amount is computed by taking the per share FMV at the time of the grant and multiplying by the number of shares granted.

Incentive stock options are statutory (qualified) and differ from nonstatutory (nonqualified) stock options, or NSOs, in a few key ways: Eligibility. ISOs are issued only to employees, whereas NSOs can be granted to outside service providers like advisors, board directors or other consultants.

Your employer is not required to withhold income tax when you exercise an Incentive Stock Option since there is no tax due (under the regular tax system) until you sell the stock.

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Contra Costa California Stock Incentive Plan of Ambase Corp.