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Incentive stock options (ISOs) are a form of equity compensation that allows you to buy company shares for a specific exercise price. ISOs are a type of stock option?they are not actual shares of stock; you must exercise (buy) your options to become a shareholder.

Unlike ISOs, Non-qualified Stock Options (NSOs) can also be used with contractors and consultants and are not just limited to employees. Companies include incentive stock options (ISOs) in their compensation packages for high-level employees; they are also known as qualified stock options.

Here's an example: You can purchase 1,000 shares of company stock at $20 a share with your vested ISO. Shares are trading for $40 in the market. If you already own 500 company shares, you can swap those shares (500 shares x $40 market price = $20,000) for the 1,000 new shares, rather than paying $20,000 in cash.

ESOPs can be granted only to permanent employees who are on the payroll of the company. Since a consultant a full time Professionals is not on the pay rolls of the company, they are not eligible for ESOPs.

In the document, click where you want to add the control. On the Developer tab, under Form Controls, select Text Box, Check Box, or Combo Box. To set specific properties for the control, select Options, and then configure the properties that you want.

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