Oregon Stock Incentive Plan of Ambase Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• 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 Oregon Stock Incentive Plan of Abase Corp. is a comprehensive employee compensation program designed to reward and incentivize key employees of the company. This plan is specific to Abase Corp., a company based in Oregon that operates in various industries. The Oregon Stock Incentive Plan offers various types of stock-based incentives to eligible employees, encouraging their commitment, loyalty, and long-term contribution to the company's growth and success. One of the primary types of stock-based incentives within the Oregon Stock Incentive Plan is stock options. Stock options provide eligible employees with the right to purchase company shares at a predetermined price, known as the exercise price or strike price. These options typically vest over a specific period, and employees can exercise them once they meet the vesting requirements. By offering stock options, Abase Corp. aims to align employees' interests with shareholders by giving them the opportunity to directly benefit from the company's performance. Another component of the Oregon Stock Incentive Plan is restricted stock units (RSS). RSS is a form of compensation where eligible employees receive company shares as a grant, subject to certain restrictions. These restrictions may include a vesting schedule or performance-based conditions that employees must meet to fully own the shares. RSS provide employees with an ownership interest in the company and are meant to motivate and retain top talent by creating a long-term commitment to Abase Corp.'s success. The Oregon Stock Incentive Plan may also include other types of equity-based awards, such as stock appreciation rights (SARS) or performance-share units (Plus). SARS entitle employees to receive cash or company shares equal to the appreciation in the stock's value over a specific period. Plus, on the other hand, grant eligible employees a number of shares based on predetermined performance goals or targets. These additional types of equity-based awards allow Abasing Corp. to tailor the compensation program to the specific needs and goals of the company and its workforce. Overall, the Oregon Stock Incentive Plan of Abase Corp. serves as a valuable tool in attracting, motivating, and retaining talented employees in a competitive job market. Through various stock-based incentives, including stock options, RSS, SARS, and Plus, Abase Corp. ensures that employees have a vested interest in the company's success and are encouraged to work towards its long-term goals. This plan reinforces a culture of ownership and accountability among employees, fostering a sense of loyalty and dedication to Abase Corp. and its shareholders.