Kings New York Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 King's New York Stock Incentive Plan is a part of Abase Corp.'s compensation package designed to provide employees with an opportunity to acquire the company's stock. This plan aims to align the interests of employees with shareholders, incentivizing them to contribute to the company's growth and success. Under the King's New York Stock Incentive Plan, eligible employees have the option to receive stock grants, stock options, or restricted stock units (RSS) as part of their compensation. These incentives are typically granted based on factors such as an individual's position, performance, and/or tenure within the company. Stock grants are outright awards of company stock given to employees without requiring them to purchase the stock. These grants typically have vesting conditions, such as a certain period of employment or achievement of performance goals, to encourage employee retention and continued contribution to the company. Stock options provide employees with the right to purchase company stock at a predetermined price, known as the exercise price or strike price, within a specified timeframe. This allows employees to benefit from the potential appreciation in the company's stock value over time. However, the employees are not obligated to exercise the options if they choose not to. Restricted stock units (RSS) grant employees the right to receive shares of the company's stock, subject to certain vesting conditions. RSS are typically granted as a form of long-term incentive to retain employees and motivate them to help the company achieve its strategic objectives. The Kings New York Stock Incentive Plan is designed to be flexible, allowing the company to tailor incentive awards to individual employees' roles and performances. It provides employees with an opportunity to participate in the company's growth and success, as well as align their interests with those of Abase Corp.'s shareholders. By implementing the Kings New York Stock Incentive Plan, Abase Corp. aims to attract and retain top talent, motivate employees to perform at their best, and create a sense of ownership and loyalty among its workforce. This plan is an integral part of the company's overall compensation and benefits strategy, emphasizing the importance of employee engagement and alignment with corporate goals. Keywords: Abase Corp., King's New York Stock Incentive Plan, compensation package, stock grants, stock options, restricted stock units (RSS), incentive awards, employee retention, performance goals, exercise price, strike price, long-term incentive, employee engagement, corporate goals.

The King's New York Stock Incentive Plan is a part of Abase Corp.'s compensation package designed to provide employees with an opportunity to acquire the company's stock. This plan aims to align the interests of employees with shareholders, incentivizing them to contribute to the company's growth and success. Under the King's New York Stock Incentive Plan, eligible employees have the option to receive stock grants, stock options, or restricted stock units (RSS) as part of their compensation. These incentives are typically granted based on factors such as an individual's position, performance, and/or tenure within the company. Stock grants are outright awards of company stock given to employees without requiring them to purchase the stock. These grants typically have vesting conditions, such as a certain period of employment or achievement of performance goals, to encourage employee retention and continued contribution to the company. Stock options provide employees with the right to purchase company stock at a predetermined price, known as the exercise price or strike price, within a specified timeframe. This allows employees to benefit from the potential appreciation in the company's stock value over time. However, the employees are not obligated to exercise the options if they choose not to. Restricted stock units (RSS) grant employees the right to receive shares of the company's stock, subject to certain vesting conditions. RSS are typically granted as a form of long-term incentive to retain employees and motivate them to help the company achieve its strategic objectives. The Kings New York Stock Incentive Plan is designed to be flexible, allowing the company to tailor incentive awards to individual employees' roles and performances. It provides employees with an opportunity to participate in the company's growth and success, as well as align their interests with those of Abase Corp.'s shareholders. By implementing the Kings New York Stock Incentive Plan, Abase Corp. aims to attract and retain top talent, motivate employees to perform at their best, and create a sense of ownership and loyalty among its workforce. This plan is an integral part of the company's overall compensation and benefits strategy, emphasizing the importance of employee engagement and alignment with corporate goals. Keywords: Abase Corp., King's New York Stock Incentive Plan, compensation package, stock grants, stock options, restricted stock units (RSS), incentive awards, employee retention, performance goals, exercise price, strike price, long-term incentive, employee engagement, corporate goals.