ABVC Biopharma Inc. has announced a new performance incentive plan for its directors and officers, which will take effect if the company reaches a $1 billion market capitalization for 30 consecutive trading days by December 31, 2027. Under the plan, eligible participants will receive shares equal to 1% of the company's outstanding common stock at the time of implementation, with the total value of awards capped at $10 million and individual grants capped at $1 million. The awards will be allocated based on specific milestones, with final approval required from the Board of Directors.
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