Harris Texas Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Incentive Plan is a program offered by Abase Corp., a renowned financial services company based in Harris County, Texas. This plan aims to incentivize and reward employees, directors, and consultants of Abase Corp. by providing them with stock-based compensation. Under the Harris Texas Stock Incentive Plan, eligible participants can receive stock options, restricted stock units (RSS), or performance shares as a part of their compensation package. These incentives are designed to align the interests of the participants with the long-term growth and success of Abase Corp. Stock options are one of the key forms of compensation provided under the Harris Texas Stock Incentive Plan. They grant participants the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. Participants can exercise these options after a specific vesting period, typically over a period of several years. Restricted stock units (RSS) are another form of compensation offered under this plan. RSS are units representing the right to receive company shares in the future. These units vest over a predetermined period, and upon vesting, participants receive the equivalent number of company shares. Performance shares are the third type of stock incentive available under the Harris Texas Stock Incentive Plan. These shares are awarded to participants based on the attainment of specific performance goals set by Abase Corp. Performance shares may vest over a defined period or upon reaching predetermined performance metrics. The Harris Texas Stock Incentive Plan of Abase Corp. is a valuable asset in attracting, retaining, and motivating talented individuals within the organization. By offering stock-based incentives, Abase Corp. aligns the interests of its employees, directors, and consultants with the overall growth and success of the company. This plan helps create a sense of ownership and accountability among participants, fostering a culture of long-term commitment and shareholder value creation.

The Harris Texas Stock Incentive Plan is a program offered by Abase Corp., a renowned financial services company based in Harris County, Texas. This plan aims to incentivize and reward employees, directors, and consultants of Abase Corp. by providing them with stock-based compensation. Under the Harris Texas Stock Incentive Plan, eligible participants can receive stock options, restricted stock units (RSS), or performance shares as a part of their compensation package. These incentives are designed to align the interests of the participants with the long-term growth and success of Abase Corp. Stock options are one of the key forms of compensation provided under the Harris Texas Stock Incentive Plan. They grant participants the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. Participants can exercise these options after a specific vesting period, typically over a period of several years. Restricted stock units (RSS) are another form of compensation offered under this plan. RSS are units representing the right to receive company shares in the future. These units vest over a predetermined period, and upon vesting, participants receive the equivalent number of company shares. Performance shares are the third type of stock incentive available under the Harris Texas Stock Incentive Plan. These shares are awarded to participants based on the attainment of specific performance goals set by Abase Corp. Performance shares may vest over a defined period or upon reaching predetermined performance metrics. The Harris Texas Stock Incentive Plan of Abase Corp. is a valuable asset in attracting, retaining, and motivating talented individuals within the organization. By offering stock-based incentives, Abase Corp. aligns the interests of its employees, directors, and consultants with the overall growth and success of the company. This plan helps create a sense of ownership and accountability among participants, fostering a culture of long-term commitment and shareholder value creation.