Montana Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-148
• Format: Word; Rich Text

Description

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

The Montana Employee Stock Option Plan (ESOP) offered by Vivien, Inc. provides employees with a unique opportunity to participate in the company's ownership and share in its success. By granting employees the right to purchase company shares at a predetermined price, the ESOP enables them to benefit from the company's growth and profitability in the long run. The Montana ESOP offered by Vivien, Inc. is designed to promote employee engagement, motivation, and loyalty by aligning the interests of the employees with those of the company. Employees who choose to participate in the ESOP gain a sense of ownership and a vested interest in the company's performance, which cultivates a strong team spirit and encourages their commitment to achieve organizational goals. One of the primary advantages of the Montana ESOP is that it allows employees to acquire company stock at exclusive rates that are typically lower than market prices. This ensures that participating employees can enjoy financial gains as the company's value appreciates, making the ESOP an attractive employee benefit. Moreover, the ESOP serves as a valuable retirement planning tool by enabling employees to accumulate a significant portion of their net worth through the appreciation of their vested stock over time. The Montana ESOP of Vivien, Inc. may include different types or variations to suit the company's specific needs and objectives. Some potential variations of the ESOP could include a graded vesting schedule, where employees gradually earn the right to purchase more shares over a specific period. Another option may be the ability to sell vested shares back to the company at fair market value, providing an additional level of liquidity to the employees. By implementing the Montana ESOP, Vivien, Inc. not only rewards its employees but also creates a sense of shared success and promotes a positive company culture. This program fosters a strong bond between the employees and the organization, leading to increased productivity, innovation, and overall growth. In summary, the Montana Employee Stock Option Plan offered by Vivien, Inc. is a comprehensive employee benefit that offers eligible employees an opportunity to acquire company stock, benefit from its growth, and build wealth over time. The ESOP promotes employee loyalty, engagement, and a shared vision, ultimately benefiting both the company and its dedicated workforce.