Los Angeles California Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Stock Incentive Plan of Abase Corp. is a comprehensive employee compensation program specifically designed to attract, retain, and motivate talented individuals for their contributions to the company's growth and success. This plan is implemented in accordance with the rules and regulations set forth by the state of California, and it offers various types of stock-based incentives to eligible employees. One of the primary types of stock incentives offered under the Los Angeles California Stock Incentive Plan is the stock options. Stock options grant eligible employees the right to purchase a specific number of company shares, usually at a predetermined price, within a specified period. This encourages employees to drive Abase Corp.'s stock price higher, benefiting both the employee and the company. Another type of stock incentive provided in the Los Angeles California Stock Incentive Plan is the Restricted Stock Units (RSS). RSS are typically granted as an award, subject to certain vesting conditions, such as the completion of a specific length of service or the achievement of predetermined performance goals. Once these conditions are met, the RSS convert into actual company shares, providing a long-term incentive for employees to remain with the company and contribute to its success. Additionally, the Los Angeles California Stock Incentive Plan may also include Employee Stock Purchase Plans (ESPN). ESPN allows eligible employees to purchase company shares at a discounted price, often through payroll deductions. This type of incentive gives employees the opportunity to share in the company's growth and profitability by investing in its stock regularly. Under the Los Angeles California Stock Incentive Plan, Abase Corp. emphasizes fairness and transparency, ensuring that all eligible employees are treated equally and have equal opportunities to participate in the program. The plan aims to align the interests of employees with the long-term objectives of the company, fostering a sense of ownership and commitment. In summary, the Los Angeles California Stock Incentive Plan of Abase Corp. offers various types of stock-based incentives, including stock options, restricted stock units (RSS), and employee stock purchase plans (ESPN). These incentives are designed to attract and retain talented employees while aligning their interests with the company's long-term goals.

The Los Angeles California Stock Incentive Plan of Abase Corp. is a comprehensive employee compensation program specifically designed to attract, retain, and motivate talented individuals for their contributions to the company's growth and success. This plan is implemented in accordance with the rules and regulations set forth by the state of California, and it offers various types of stock-based incentives to eligible employees. One of the primary types of stock incentives offered under the Los Angeles California Stock Incentive Plan is the stock options. Stock options grant eligible employees the right to purchase a specific number of company shares, usually at a predetermined price, within a specified period. This encourages employees to drive Abase Corp.'s stock price higher, benefiting both the employee and the company. Another type of stock incentive provided in the Los Angeles California Stock Incentive Plan is the Restricted Stock Units (RSS). RSS are typically granted as an award, subject to certain vesting conditions, such as the completion of a specific length of service or the achievement of predetermined performance goals. Once these conditions are met, the RSS convert into actual company shares, providing a long-term incentive for employees to remain with the company and contribute to its success. Additionally, the Los Angeles California Stock Incentive Plan may also include Employee Stock Purchase Plans (ESPN). ESPN allows eligible employees to purchase company shares at a discounted price, often through payroll deductions. This type of incentive gives employees the opportunity to share in the company's growth and profitability by investing in its stock regularly. Under the Los Angeles California Stock Incentive Plan, Abase Corp. emphasizes fairness and transparency, ensuring that all eligible employees are treated equally and have equal opportunities to participate in the program. The plan aims to align the interests of employees with the long-term objectives of the company, fostering a sense of ownership and commitment. In summary, the Los Angeles California Stock Incentive Plan of Abase Corp. offers various types of stock-based incentives, including stock options, restricted stock units (RSS), and employee stock purchase plans (ESPN). These incentives are designed to attract and retain talented employees while aligning their interests with the company's long-term goals.