Oregon Stock Option Plan Stock Option Plan which provides for grant of Incentive Stock Options, Nonqualified Stock Options, and Exchange Options

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-219B
• Format: Word; Rich Text

Description

18-219B 18-219B . . . Stock Option Plan which provides for grant of Incentive Stock Options, (b) Non-qualified Stock Options, and (c) Exchange Options under which employees of the corporation or any of its subsidiaries can exchange (i) all of their options for shares of a subsidiary that were granted under that subsidiary's stock option plan and are outstanding as of the date of adoption of this Plan and all their awards under that subsidiary's Restricted Stock Plan for restricted shares of that subsidiary's stock that are outstanding as of the date of adoption of this Plan and receive therefor non-qualified options for shares under this Plan, (ii) all of their restricted shares of a subsidiary that were issued under the subsidiary's Performance Restricted Stock Plan and receive therefor non-qualified options for shares under this Plan, and (iii) all of their stock appreciation rights with respect to shares of a subsidiary that were granted under that subsidiary's Stock Appreciation Rights Plan and receive therefor non-qualified options for shares under this Plan The Oregon Stock Option Plan is a comprehensive program designed to provide eligible individuals with various types of stock options, namely Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Exchange Options. This plan offers a range of options that cater to different employee needs and goals. Incentive Stock Options (SOS) are stock options granted to employees under specific criteria outlined by the Internal Revenue Code. These options offer certain tax advantages, as the gain from exercising SOS is generally taxed at a lower rate than that of SOS. To qualify for SOS, employees must meet specific requirements, including being an employee of the company granting the options and holding the shares for a certain period. Nonqualified Stock Options (SOS), on the other hand, are stock options that do not meet the requirements for SOS. SOS provide employees with the flexibility to purchase company shares at a predetermined price, known as the exercise price. These options are typically more widely available and can be granted to both employees and non-employee directors or consultants. Additionally, the Oregon Stock Option Plan may include Exchange Options, which allow employees to exchange their existing stock options for new ones, typically to align with changes in the company's capital structure or stock price. This option can be beneficial in situations such as mergers, acquisitions, or stock splits, where the original stock options may no longer meet the desired objectives. Overall, the Oregon Stock Option Plan encompasses a comprehensive framework that aims to incentivize and reward employees by providing them with various stock option types to suit their individual circumstances and financial goals. As such, it is a versatile plan that caters to employees' diverse needs within the state of Oregon.

The Oregon Stock Option Plan is a comprehensive program designed to provide eligible individuals with various types of stock options, namely Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Exchange Options. This plan offers a range of options that cater to different employee needs and goals. Incentive Stock Options (SOS) are stock options granted to employees under specific criteria outlined by the Internal Revenue Code. These options offer certain tax advantages, as the gain from exercising SOS is generally taxed at a lower rate than that of SOS. To qualify for SOS, employees must meet specific requirements, including being an employee of the company granting the options and holding the shares for a certain period. Nonqualified Stock Options (SOS), on the other hand, are stock options that do not meet the requirements for SOS. SOS provide employees with the flexibility to purchase company shares at a predetermined price, known as the exercise price. These options are typically more widely available and can be granted to both employees and non-employee directors or consultants. Additionally, the Oregon Stock Option Plan may include Exchange Options, which allow employees to exchange their existing stock options for new ones, typically to align with changes in the company's capital structure or stock price. This option can be beneficial in situations such as mergers, acquisitions, or stock splits, where the original stock options may no longer meet the desired objectives. Overall, the Oregon Stock Option Plan encompasses a comprehensive framework that aims to incentivize and reward employees by providing them with various stock option types to suit their individual circumstances and financial goals. As such, it is a versatile plan that caters to employees' diverse needs within the state of Oregon.