Cuyahoga Ohio Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Stock Incentive Plan is a beneficial program offered by Abase Corp., a prominent company headquartered in Cuyahoga, Ohio. This incentive plan aims to reward and motivate employees by providing them with the opportunity to acquire company stocks or stock options as a part of their compensation package. The plan is designed to align the interests of the employees with those of the company and its shareholders, fostering enhanced performance and loyalty. The Cuyahoga Ohio Stock Incentive Plan consists of several distinct types, each tailored to meet specific objectives and eligibility criteria. These plans include: 1. Employee Stock Ownership Plan (ESOP): The ESOP allows eligible employees to become partial owners of Abase Corp. by providing them with shares of company stock. This plan highlights the company's commitment to employee participation and wealth creation. 2. Stock Option Plan: Through the Stock Option Plan, employees have the opportunity to purchase company shares at a predetermined price within a specified time frame. This plan rewards individuals for their dedication and performance by granting them the option to acquire ownership stakes in Abase Corp. 3. Restricted Stock Units (RSS): RSS are an incentive plan where employees receive virtual shares, which convert into actual stocks after a predetermined vesting period. RSS encourages long-term commitment and help retain top talent within the organization. 4. Performance Share Plan: The Performance Share Plan links stock-based rewards to the achievement of predefined performance goals. Eligible employees receive a specific number of shares based on their individual or team performance, ensuring alignment with the company's strategic objectives. 5. Stock Purchase Plan: Abase Corp. may offer a Stock Purchase Plan, allowing employees to purchase company stocks at a discounted price. This plan promotes employee ownership and fosters a sense of pride and commitment to the company's success. The Cuyahoga Ohio Stock Incentive Plan of Abase Corp. reflects the company's commitment to recognizing and adequately rewarding its employees for their hard work, dedication, and contribution to the organization's overall growth.

The Cuyahoga Ohio Stock Incentive Plan is a beneficial program offered by Abase Corp., a prominent company headquartered in Cuyahoga, Ohio. This incentive plan aims to reward and motivate employees by providing them with the opportunity to acquire company stocks or stock options as a part of their compensation package. The plan is designed to align the interests of the employees with those of the company and its shareholders, fostering enhanced performance and loyalty. The Cuyahoga Ohio Stock Incentive Plan consists of several distinct types, each tailored to meet specific objectives and eligibility criteria. These plans include: 1. Employee Stock Ownership Plan (ESOP): The ESOP allows eligible employees to become partial owners of Abase Corp. by providing them with shares of company stock. This plan highlights the company's commitment to employee participation and wealth creation. 2. Stock Option Plan: Through the Stock Option Plan, employees have the opportunity to purchase company shares at a predetermined price within a specified time frame. This plan rewards individuals for their dedication and performance by granting them the option to acquire ownership stakes in Abase Corp. 3. Restricted Stock Units (RSS): RSS are an incentive plan where employees receive virtual shares, which convert into actual stocks after a predetermined vesting period. RSS encourages long-term commitment and help retain top talent within the organization. 4. Performance Share Plan: The Performance Share Plan links stock-based rewards to the achievement of predefined performance goals. Eligible employees receive a specific number of shares based on their individual or team performance, ensuring alignment with the company's strategic objectives. 5. Stock Purchase Plan: Abase Corp. may offer a Stock Purchase Plan, allowing employees to purchase company stocks at a discounted price. This plan promotes employee ownership and fosters a sense of pride and commitment to the company's success. The Cuyahoga Ohio Stock Incentive Plan of Abase Corp. reflects the company's commitment to recognizing and adequately rewarding its employees for their hard work, dedication, and contribution to the organization's overall growth.