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
San Antonio Texas Stock Incentive Plan of Abase Corp. is a comprehensive employee compensation program offered by Abase Corp., a prominent company based in San Antonio, Texas. This enticing plan enables employees to own a stake in the company by granting them stock options or other forms of stock-based incentives. With stock incentives, Abase Corp. aims to reward and motivate its employees while aligning their interests with the long-term success and growth of the company. The San Antonio Texas Stock Incentive Plan consists of various types of stock-based incentives that Abase Corp. may offer to its employees, including: 1. Stock Options: This type of incentive grants employees the right to purchase a specified number of company shares at a predetermined price, referred to as the exercise price or strike price. The options usually come with a vesting schedule, encouraging employees to remain with the company for a certain period to enjoy the full benefits. 2. Restricted Stock Units (RSS): RSS are similar to stock options but without the need for employees to purchase shares. Instead, Abase Corp. grants them a specific number of units that convert into actual shares over time, subject to certain conditions such as the completion of a vesting period or achieving performance targets. 3. Performance Share Units (Plus): Plus are linked to employee performance and achievement of specific goals or targets. Based on predetermined criteria, Abase Corp. grants employees a certain number of units. These units may convert into shares once the performance criteria are met, ensuring that employees are rewarded for their exceptional performance. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company shares at a discounted price. Typically, Abase Corp. deducts a specified percentage from an employee's paycheck, accumulating funds over a specific period. At the end of this accumulation period, employees can use these funds to buy company shares at the discounted price, enabling them to benefit from the company's growth potential. Abase Corp.'s San Antonio Texas Stock Incentive Plan, whether comprising stock options, RSS, Plus, or an ESPN, serves as a powerful tool to attract, motivate, and retain top talent within the organization. By offering employees a financial stake in the company's success, Abase Corp. promotes a culture of ownership, dedication, and alignment, thereby driving enhanced employee performance and overall company growth.
San Antonio Texas Stock Incentive Plan of Abase Corp. is a comprehensive employee compensation program offered by Abase Corp., a prominent company based in San Antonio, Texas. This enticing plan enables employees to own a stake in the company by granting them stock options or other forms of stock-based incentives. With stock incentives, Abase Corp. aims to reward and motivate its employees while aligning their interests with the long-term success and growth of the company. The San Antonio Texas Stock Incentive Plan consists of various types of stock-based incentives that Abase Corp. may offer to its employees, including: 1. Stock Options: This type of incentive grants employees the right to purchase a specified number of company shares at a predetermined price, referred to as the exercise price or strike price. The options usually come with a vesting schedule, encouraging employees to remain with the company for a certain period to enjoy the full benefits. 2. Restricted Stock Units (RSS): RSS are similar to stock options but without the need for employees to purchase shares. Instead, Abase Corp. grants them a specific number of units that convert into actual shares over time, subject to certain conditions such as the completion of a vesting period or achieving performance targets. 3. Performance Share Units (Plus): Plus are linked to employee performance and achievement of specific goals or targets. Based on predetermined criteria, Abase Corp. grants employees a certain number of units. These units may convert into shares once the performance criteria are met, ensuring that employees are rewarded for their exceptional performance. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company shares at a discounted price. Typically, Abase Corp. deducts a specified percentage from an employee's paycheck, accumulating funds over a specific period. At the end of this accumulation period, employees can use these funds to buy company shares at the discounted price, enabling them to benefit from the company's growth potential. Abase Corp.'s San Antonio Texas Stock Incentive Plan, whether comprising stock options, RSS, Plus, or an ESPN, serves as a powerful tool to attract, motivate, and retain top talent within the organization. By offering employees a financial stake in the company's success, Abase Corp. promotes a culture of ownership, dedication, and alignment, thereby driving enhanced employee performance and overall company growth.