Oakland Michigan Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Stock Incentive Plan is a program offered by Abase Corp. that provides employees with stock-based compensation as an incentive to drive company growth and reward their contributions. This plan is designed to attract and retain talented individuals by offering them an opportunity to become shareholders and benefit financially from the company's success. Abase Corp. offers several types of stock incentive plans under the Oakland Michigan Stock Incentive Plan, each with its own unique features and eligibility criteria. These plans include: 1. Stock Option Plan: This plan gives employees the option to purchase company stock at a predetermined price, known as the exercise price, at a future date. It allows employees to benefit from any increase in the company's stock price over time. 2. Restricted Stock Units (RSS): Under this plan, employees are granted units of company stock, called RSS, which convert into actual shares after a specific vesting period. RSS are often subject to certain conditions, such as continued employment or performance targets, to ensure alignment with the company's objectives. 3. Performance Stock Units (Plus): Plus are similar to RSS but are granted based on the achievement of specific performance goals set by the company. Employees are awarded actual shares of company stock once they meet the predetermined performance criteria. 4. Employee Stock Purchase Plan (ESPN): This plan allows eligible employees to purchase company stock at a discounted price through payroll deductions. ESPN offer employees a convenient and affordable way to acquire company shares, often with favorable tax treatment. These plans are essential elements of Abase Corp.'s compensation package, motivating employees to perform at their best and aligning their interests with the company's success. The Oakland Michigan Stock Incentive Plan creates a sense of ownership and loyalty among employees, fostering a collaborative and high-performance work culture.

The Oakland Michigan Stock Incentive Plan is a program offered by Abase Corp. that provides employees with stock-based compensation as an incentive to drive company growth and reward their contributions. This plan is designed to attract and retain talented individuals by offering them an opportunity to become shareholders and benefit financially from the company's success. Abase Corp. offers several types of stock incentive plans under the Oakland Michigan Stock Incentive Plan, each with its own unique features and eligibility criteria. These plans include: 1. Stock Option Plan: This plan gives employees the option to purchase company stock at a predetermined price, known as the exercise price, at a future date. It allows employees to benefit from any increase in the company's stock price over time. 2. Restricted Stock Units (RSS): Under this plan, employees are granted units of company stock, called RSS, which convert into actual shares after a specific vesting period. RSS are often subject to certain conditions, such as continued employment or performance targets, to ensure alignment with the company's objectives. 3. Performance Stock Units (Plus): Plus are similar to RSS but are granted based on the achievement of specific performance goals set by the company. Employees are awarded actual shares of company stock once they meet the predetermined performance criteria. 4. Employee Stock Purchase Plan (ESPN): This plan allows eligible employees to purchase company stock at a discounted price through payroll deductions. ESPN offer employees a convenient and affordable way to acquire company shares, often with favorable tax treatment. These plans are essential elements of Abase Corp.'s compensation package, motivating employees to perform at their best and aligning their interests with the company's success. The Oakland Michigan Stock Incentive Plan creates a sense of ownership and loyalty among employees, fostering a collaborative and high-performance work culture.