The Franklin Ohio Employee Stock Option Plan is a program offered by Texas American Ranchers, Inc. that provides employees with the opportunity to purchase company stock at a predetermined price. This plan serves as an incentive to retain talented individuals within the organization and align their interests with the long-term success of the company. The Franklin Ohio Employee Stock Option Plan has various types designed to cater to different employee needs and objectives. Some different plans include: 1. Franklin Ohio Employee Stock Purchase Plan: This plan allows eligible employees to purchase company stock at a discounted price, typically below the current market value. Participants can contribute a portion of their salary to the plan, and the company may also provide a matching contribution. 2. Franklin Ohio Restricted Stock Units: This type of plan grants employees the right to receive company stock at a future date, subject to certain vesting requirements. Unlike stock options, which provide the option to purchase stock, RSS offer actual stock units upon vesting, typically based on the employee's continued employment. 3. Franklin Ohio Stock Appreciation Rights: This plan grants employees the opportunity to receive cash or stock payments based on the appreciation of the company's stock value over a specified period. The employee does not need to purchase stock to benefit from this plan, making it an attractive alternative to traditional stock options. 4. Franklin Ohio Phantom Stock Plan: In this plan, employees receive hypothetical or phantom shares that mirror the company's actual stock value. These shares may increase or decrease in value based on the company's performance. Although participants do not own real stock, they receive cash or stock equivalent payouts based on the appreciation of these phantom shares. The Franklin Ohio Employee Stock Option Plan of Texas American Ranchers, Inc. is subject to certain rules and regulations set forth by the company and applicable securities laws. Eligibility, vesting schedules, exercise periods, and other specific details may vary depending on the specific plan type and individual circumstances. It is important for employees to familiarize themselves with the plan's terms and consult with financial advisors or experts to make informed decisions about participating in these programs.