Santa Clara California Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Stock Incentive Plan is a program introduced by Abase Corp. to provide its employees and executives with an opportunity to own a stake in the company's success. This plan is designed to motivate, retain, and reward employees by offering them equity in Abase Corp. through stock awards or options. Under this plan, eligible employees are granted stock options or restricted stock units (RSS) at a predetermined price or as a performance-based incentive. The stock options allow employees to purchase Abase Corp. stock at a specified exercise price, while RSS represent a right to receive Abase Corp. stock at a specified future date. Both options and RSS are subject to vesting requirements, ensuring that employees remain with the company for a certain period before fully owning the shares. The Santa Clara California Stock Incentive Plan is tailored to suit various employee groups within Abase Corp. Different types or tiers of stock incentives may exist within the plan, customizing the benefits based on an employee's role, level, and performance. For example, executives and senior leadership might have access to higher-value stock options or RSS, while regular employees may receive smaller grants proportional to their position. By offering stock incentives, Abase Corp. aims to align the interests of its employees with the company's long-term growth and profitability. This encourages employees to contribute to the company's success, as their personal financial gains are directly tied to Abase Corp.'s performance. Moreover, the plan helps attract and retain top talent, as it provides a valuable benefit package beyond traditional compensation and benefits. Overall, the Santa Clara California Stock Incentive Plan of Abase Corp. serves as a powerful tool to create a sense of ownership and shareholder mentality among employees. It supports Abase Corp.'s objectives of fostering employee loyalty, driving performance, and fostering a culture of long-term value creation.

The Santa Clara California Stock Incentive Plan is a program introduced by Abase Corp. to provide its employees and executives with an opportunity to own a stake in the company's success. This plan is designed to motivate, retain, and reward employees by offering them equity in Abase Corp. through stock awards or options. Under this plan, eligible employees are granted stock options or restricted stock units (RSS) at a predetermined price or as a performance-based incentive. The stock options allow employees to purchase Abase Corp. stock at a specified exercise price, while RSS represent a right to receive Abase Corp. stock at a specified future date. Both options and RSS are subject to vesting requirements, ensuring that employees remain with the company for a certain period before fully owning the shares. The Santa Clara California Stock Incentive Plan is tailored to suit various employee groups within Abase Corp. Different types or tiers of stock incentives may exist within the plan, customizing the benefits based on an employee's role, level, and performance. For example, executives and senior leadership might have access to higher-value stock options or RSS, while regular employees may receive smaller grants proportional to their position. By offering stock incentives, Abase Corp. aims to align the interests of its employees with the company's long-term growth and profitability. This encourages employees to contribute to the company's success, as their personal financial gains are directly tied to Abase Corp.'s performance. Moreover, the plan helps attract and retain top talent, as it provides a valuable benefit package beyond traditional compensation and benefits. Overall, the Santa Clara California Stock Incentive Plan of Abase Corp. serves as a powerful tool to create a sense of ownership and shareholder mentality among employees. It supports Abase Corp.'s objectives of fostering employee loyalty, driving performance, and fostering a culture of long-term value creation.