Franklin Ohio Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Incentive Plan is a program established by Abase Corp. to provide employees with incentives in the form of stock-based compensation. This plan aims to motivate and reward employees for their contributions to the company's growth and success. Abase Corp., a renowned corporation headquartered in Franklin, Ohio, utilizes the Franklin Ohio Stock Incentive Plan to attract and retain top talent, align employee interests with shareholder value, and encourage long-term commitment to the company's objectives. This stock-based compensation plan offers employees the opportunity to acquire shares in the company, typically at a discounted price or through grants, as a reward for meeting certain performance criteria or achieving specific goals. By participating in this plan, employees have a vested interest in the company's performance and overall stock price growth. The Franklin Ohio Stock Incentive Plan of Abase Corp. encompasses various types of stock-based compensation, including: 1. Stock Options: This option grants employees the right to buy company shares at a predetermined price (also known as the exercise or strike price) within a specified time frame. Employees can take advantage of potential stock price appreciation by exercising their options at a later date. 2. Restricted Stock Units (RSS): RSS are a form of equity compensation where employees receive units that convert into company shares once certain conditions are met. These conditions often include vesting periods, performance targets, or the completion of specific milestones. 3. Performance Stock Awards: Under this category, employees receive company shares based on the achievement of predetermined performance goals. These goals can include financial metrics, market share growth, or individual performance objectives. Successful attainment of these targets typically results in the issuance of additional shares to employees. 4. Stock Purchase Plan: Abase Corp. may offer an employee stock purchase plan where employees can buy company shares at a discounted price, usually through payroll deductions. This encourages employees to become shareholders and benefit from potential stock price appreciation. By implementing the Franklin Ohio Stock Incentive Plan, Abase Corp. aims to foster a sense of ownership and engagement among its employees. This plan connects their individual success to that of the company and fosters a performance-driven culture in which employees actively contribute to the company's growth and profitability. Overall, the Franklin Ohio Stock Incentive Plan of Abase Corp. serves as a valuable tool for attracting, motivating, and retaining talented individuals while promoting the company's long-term success.

The Franklin Ohio Stock Incentive Plan is a program established by Abase Corp. to provide employees with incentives in the form of stock-based compensation. This plan aims to motivate and reward employees for their contributions to the company's growth and success. Abase Corp., a renowned corporation headquartered in Franklin, Ohio, utilizes the Franklin Ohio Stock Incentive Plan to attract and retain top talent, align employee interests with shareholder value, and encourage long-term commitment to the company's objectives. This stock-based compensation plan offers employees the opportunity to acquire shares in the company, typically at a discounted price or through grants, as a reward for meeting certain performance criteria or achieving specific goals. By participating in this plan, employees have a vested interest in the company's performance and overall stock price growth. The Franklin Ohio Stock Incentive Plan of Abase Corp. encompasses various types of stock-based compensation, including: 1. Stock Options: This option grants employees the right to buy company shares at a predetermined price (also known as the exercise or strike price) within a specified time frame. Employees can take advantage of potential stock price appreciation by exercising their options at a later date. 2. Restricted Stock Units (RSS): RSS are a form of equity compensation where employees receive units that convert into company shares once certain conditions are met. These conditions often include vesting periods, performance targets, or the completion of specific milestones. 3. Performance Stock Awards: Under this category, employees receive company shares based on the achievement of predetermined performance goals. These goals can include financial metrics, market share growth, or individual performance objectives. Successful attainment of these targets typically results in the issuance of additional shares to employees. 4. Stock Purchase Plan: Abase Corp. may offer an employee stock purchase plan where employees can buy company shares at a discounted price, usually through payroll deductions. This encourages employees to become shareholders and benefit from potential stock price appreciation. By implementing the Franklin Ohio Stock Incentive Plan, Abase Corp. aims to foster a sense of ownership and engagement among its employees. This plan connects their individual success to that of the company and fosters a performance-driven culture in which employees actively contribute to the company's growth and profitability. Overall, the Franklin Ohio Stock Incentive Plan of Abase Corp. serves as a valuable tool for attracting, motivating, and retaining talented individuals while promoting the company's long-term success.