Fairfax Virginia Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Stock Incentive Plan is a program designed by Abase Corp. to provide employees with a valuable incentive in the form of stock options. This plan allows employees to purchase company stock at a predetermined price. It incentivizes employees to contribute to the company's success while also aligning their interests with the company's long-term growth. Under the Fairfax Virginia Stock Incentive Plan, employees are granted stock options based on various criteria such as job level, performance, and tenure. These stock options can be exercised at a future date, allowing employees to buy company shares at a discounted price or the market price at the time of exercise. This offers employees an opportunity to benefit from the company's financial performance and share in its success. The Fairfax Virginia Stock Incentive Plan aims to retain top talent and motivate employees to improve their performance, resulting in increased productivity and overall company growth. By providing employees with ownership in the company, it fosters a sense of loyalty and commitment, as they have a personal stake in the organization's success. Types of Stock Incentive Plans offered by Abase Corp. under Fairfax Virginia include: 1. Stock Option Plan: This plan grants employees the right to purchase company stock at a predetermined price within a specified timeframe. 2. Restricted Stock Units (RSS): RSS are awarded to employees as a form of compensation. These units represent a promise to deliver company stock in the future, subject to vesting conditions. 3. Performance Shares: Performance shares are given to employees based on predefined performance targets. As the company achieves its goals, employees become eligible to receive these shares. 4. Employee Stock Purchase Plan (ESPN): ESPN enables employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages widespread employee ownership and enhances loyalty. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equivalent to the appreciation in the company's stock price over a specified period. The Fairfax Virginia Stock Incentive Plan of Abase Corp. is a comprehensive program that serves to attract, retain, and reward talented employees while fostering a shared sense of ownership and commitment towards the company's success.

Fairfax Virginia Stock Incentive Plan is a program designed by Abase Corp. to provide employees with a valuable incentive in the form of stock options. This plan allows employees to purchase company stock at a predetermined price. It incentivizes employees to contribute to the company's success while also aligning their interests with the company's long-term growth. Under the Fairfax Virginia Stock Incentive Plan, employees are granted stock options based on various criteria such as job level, performance, and tenure. These stock options can be exercised at a future date, allowing employees to buy company shares at a discounted price or the market price at the time of exercise. This offers employees an opportunity to benefit from the company's financial performance and share in its success. The Fairfax Virginia Stock Incentive Plan aims to retain top talent and motivate employees to improve their performance, resulting in increased productivity and overall company growth. By providing employees with ownership in the company, it fosters a sense of loyalty and commitment, as they have a personal stake in the organization's success. Types of Stock Incentive Plans offered by Abase Corp. under Fairfax Virginia include: 1. Stock Option Plan: This plan grants employees the right to purchase company stock at a predetermined price within a specified timeframe. 2. Restricted Stock Units (RSS): RSS are awarded to employees as a form of compensation. These units represent a promise to deliver company stock in the future, subject to vesting conditions. 3. Performance Shares: Performance shares are given to employees based on predefined performance targets. As the company achieves its goals, employees become eligible to receive these shares. 4. Employee Stock Purchase Plan (ESPN): ESPN enables employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages widespread employee ownership and enhances loyalty. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equivalent to the appreciation in the company's stock price over a specified period. The Fairfax Virginia Stock Incentive Plan of Abase Corp. is a comprehensive program that serves to attract, retain, and reward talented employees while fostering a shared sense of ownership and commitment towards the company's success.