Suffolk New York Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Stock Incentive Plan is a program offered by Abase Corp., a leading corporation based in Suffolk County, New York. This scheme aims to provide an enticing compensation package to attract, retain, and motivate employees by offering them the opportunity to purchase company stock at a discounted price or receive stock awards. The Suffolk New York Stock Incentive Plan offers various types of stock-based incentives to eligible employees. These incentives include: 1. Stock Options: Under this plan, employees are granted the right to purchase a specific number of company shares, known as stock options, at a predetermined price, usually referred to as the exercise price or strike price. The options are typically granted for a specific period and vest over time, incentivizing employees to remain with the company for a certain duration. 2. Restricted Stock Units (RSS): RSS are another form of stock-based incentive offered under this plan. Here, employees are given a specified number of units that represent the company's stock. These units are granted at no cost, and employees can convert them into actual shares after a specific vesting period or upon meeting certain performance milestones. 3. Performance Shares: Performance shares are granted to employees based on the achievement of predetermined performance goals or targets set by the company. These targets can be related to financial metrics, individual performance, or other company-specific objectives. Once the goals are met, employees receive shares as part of their compensation. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive the increase in the company's stock price in the form of cash or additional shares. These rights are typically granted for a specific period and offer employees a payout equivalent to the appreciation in the stock value. The Suffolk New York Stock Incentive Plan of Abase Corp. is designed to align the interests of employees with those of the shareholders, promoting a sense of ownership and encouraging long-term commitment. Through these various stock-based incentives, Abase Corp. aims to attract and reward talented individuals, fostering a motivated workforce that contributes to the company's growth and success. Keywords: Suffolk New York, Stock Incentive Plan, Abase Corp., stock options, restricted stock units, RSS, performance shares, stock appreciation rights, compensation package, stock awards.

The Suffolk New York Stock Incentive Plan is a program offered by Abase Corp., a leading corporation based in Suffolk County, New York. This scheme aims to provide an enticing compensation package to attract, retain, and motivate employees by offering them the opportunity to purchase company stock at a discounted price or receive stock awards. The Suffolk New York Stock Incentive Plan offers various types of stock-based incentives to eligible employees. These incentives include: 1. Stock Options: Under this plan, employees are granted the right to purchase a specific number of company shares, known as stock options, at a predetermined price, usually referred to as the exercise price or strike price. The options are typically granted for a specific period and vest over time, incentivizing employees to remain with the company for a certain duration. 2. Restricted Stock Units (RSS): RSS are another form of stock-based incentive offered under this plan. Here, employees are given a specified number of units that represent the company's stock. These units are granted at no cost, and employees can convert them into actual shares after a specific vesting period or upon meeting certain performance milestones. 3. Performance Shares: Performance shares are granted to employees based on the achievement of predetermined performance goals or targets set by the company. These targets can be related to financial metrics, individual performance, or other company-specific objectives. Once the goals are met, employees receive shares as part of their compensation. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive the increase in the company's stock price in the form of cash or additional shares. These rights are typically granted for a specific period and offer employees a payout equivalent to the appreciation in the stock value. The Suffolk New York Stock Incentive Plan of Abase Corp. is designed to align the interests of employees with those of the shareholders, promoting a sense of ownership and encouraging long-term commitment. Through these various stock-based incentives, Abase Corp. aims to attract and reward talented individuals, fostering a motivated workforce that contributes to the company's growth and success. Keywords: Suffolk New York, Stock Incentive Plan, Abase Corp., stock options, restricted stock units, RSS, performance shares, stock appreciation rights, compensation package, stock awards.