Connecticut Stock Option Plan of Sunrise Assisted Living, Inc., for Grant of Incentive Stock Options and Nonqualified Stock Options to Employees, Consultants, and Advisers The Connecticut Stock Option Plan of Sunrise Assisted Living, Inc. offers two types of stock options to eligible individuals: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These options serve as valuable tools to motivate and incentivize employees, consultants, and advisers, aligning their interests with the long-term success of the company. Let's delve into the details of each stock option type: 1. Incentive Stock Options (SOS): SOSOs are granted exclusively to employees of Sunrise Assisted Living, Inc., within the guidelines set forth by the Connecticut Stock Option Plan. — Eligible employees have the opportunity to purchase company stock at a discounted price, known as the exercise price or strike price. SOSOs carry certain tax advantages: if specific holding period requirements are met, the gains upon exercise and subsequent sale may be subject to favorable capital gains tax treatment. — These stock options are designed to encourage employee retention and long-term commitment to the growth and success of Sunrise Assisted Living, Inc. 2. Nonqualified Stock Options (SOS): SOSOs are granted to a broader group of participants, including consultants and advisers, alongside employees. — UnlikSOSOsSOSOs do not possess the same tax advantages. The gains realized upon exercise are generally subject to ordinary income tax rates. SOSOs offer greater flexibility in terms of granting options at different strike prices, allowing for customization based on specific circumstances or objectives. — These stock options provide an additional means of recognition and reward for consultants and advisers involved in various aspects of Sunrise Assisted Living, Inc.'s operations. The Connecticut Stock Option Plan of Sunrise Assisted Living, Inc. establishes a fair and transparent framework for the allocation of stock options, ensuring equitable distribution among eligible individuals. The plan is carefully crafted to align the interests of employees, consultants, and advisers with the company's performance, promoting a shared sense of ownership and dedication to achieving corporate objectives. Please note that the above description is a general overview and should not be considered as legal or financial advice. Specific details and terms of the Connecticut Stock Option Plan of Sunrise Assisted Living, Inc. may vary and should be reviewed in the official plan documents.
Connecticut Stock Option Plan of Sunrise Assisted Living, Inc., for grant of Incentive Stock Options and Nonqualified Stock Options to employees, consultants and advisers
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