18-148 18-148 . . . Employee Stock Option Plan which recognizes eight levels of responsibility within corporation and which provides that each eligible employee shall receive stock option to purchase that number of shares of corporation common stock that is equal to number derived by dividing option value corresponding to his or her level of responsibility by initial grant price (fair market value on date of grant) according to schedule which ranges from technical and administrative personnel levels one through four with option values from $1,250 through $5,000 to Chief Executive Officer level eight with option value of $100,000. Options are exercisable for up to (a) 50% of shares covered by option at any time after corporation's gross revenues meet or exceed a 30% increase for each of two consecutive calendar years ending following grant of option and (b) 100% of shares covered by option at any time after corporation's gross revenues meet or exceed a 40% increase for each of two consecutive calendar years following grant of stock option
Massachusetts Employee Stock Option Plan of Vivigen, Inc.
Category:
State:
Multi-State
Control #:
US-CC-18-148
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Employee Stock Option Plan Of Vivigen, Inc.?
US Legal Forms - one of the biggest libraries of lawful forms in the USA - provides a wide array of lawful document templates you can down load or print out. Using the internet site, you can get thousands of forms for enterprise and specific reasons, categorized by groups, says, or keywords and phrases.You can find the newest models of forms such as the Massachusetts Employee Stock Option Plan of Vivigen, Inc. in seconds.
If you currently have a membership, log in and down load Massachusetts Employee Stock Option Plan of Vivigen, Inc. from your US Legal Forms catalogue. The Down load key will appear on each kind you look at. You gain access to all formerly delivered electronically forms inside the My Forms tab of your own bank account.
If you wish to use US Legal Forms for the first time, listed below are basic guidelines to help you began:
- Make sure you have picked the proper kind for your area/county. Click the Preview key to check the form`s content material. See the kind outline to ensure that you have chosen the proper kind.
- In case the kind does not fit your demands, use the Research area on top of the display to discover the one who does.
- When you are happy with the shape, validate your selection by simply clicking the Purchase now key. Then, choose the costs plan you prefer and supply your qualifications to sign up to have an bank account.
- Procedure the purchase. Utilize your charge card or PayPal bank account to accomplish the purchase.
- Select the formatting and down load the shape in your product.
- Make changes. Load, edit and print out and signal the delivered electronically Massachusetts Employee Stock Option Plan of Vivigen, Inc..
Each web template you added to your money does not have an expiry time which is your own property for a long time. So, if you want to down load or print out one more duplicate, just go to the My Forms portion and then click on the kind you will need.
Get access to the Massachusetts Employee Stock Option Plan of Vivigen, Inc. with US Legal Forms, the most comprehensive catalogue of lawful document templates. Use thousands of skilled and condition-distinct templates that meet up with your organization or specific needs and demands.
Form popularity
FAQ
Stock options aren't actual shares of stock?they're the right to buy a set number of company shares at a fixed price, usually called a grant price, strike price, or exercise price. Because your purchase price stays the same, if the value of the stock goes up, you could make money on the difference.
A stock option gives an investor the right to purchase or sell stocks at a set price within a specific timeframe. Stock options typically include an expiration date ? this means that the option must be used (the stocks must be bought or sold) by that date.
Exercise and/or Sell As Soon As Possible Many companies issue stock compensation with a schedule that's tied to a period of time you must remain with the company in order to receive the value of the plan benefit. Your first opportunity to take action is often whenever your stock options or grants are fully vested.
Stock Option Granting and Vesting Basics You and the company will need to sign a contract that outlines the terms of the stock options; this might be included in the employment contract. The contract will specify the grant date, which is the day your options begin to vest.
Employee stock options can be a lucrative part of an individual's overall compensation package, although not every company offers them. Workers can buy shares at a pre-determined price at a future date, regardless of the price of the stock when the options are exercised.
ESOs are a form of equity compensation granted by companies to their employees and executives. Like a regular call option, an ESO gives the holder the right to purchase the underlying asset?the company's stock?at a specified price for a finite period of time.
An ESOP is an employee benefit plan that enables employees to own part or all of the company they work for. at fair market value (unless there's a public market for the shares). So, the employee receives the value of his or her shares from the trust, usually in the form of cash.