The District of Columbia Stock Option Agreement of Key Ironic Corporation is a legally binding document that outlines the terms and conditions associated with granting stock options to employees of the company. This agreement is specific to the jurisdiction of the District of Columbia and the policies and regulations in place in that area. Key Ironic Corporation, a leading electronic manufacturing services provider, offers various types of stock option agreements within the District of Columbia. Some different types of agreements may include: 1. Incentive Stock Option (ISO) Agreement: This type of agreement allows eligible employees of Key Ironic Corporation to purchase company stocks at a predetermined price (exercise price) within a specified time frame. SOS can offer tax advantages if certain requirements are met. 2. Non-Qualified Stock Option (NO) Agreement: Non-qualified stock options are granted to employees without meeting specific Internal Revenue Service (IRS) requirements. These options typically have more flexibility in terms of exercise price and may be subject to standard income tax upon exercise. 3. Restricted Stock Unit (RSU) Agreement: RSS are an alternative form of stock compensation where employees receive units rather than actual shares of stock. These units convert into company shares after a predetermined vesting period. RSS may have different tax implications and restrictions compared to regular stock options. The District of Columbia Stock Option Agreement of Key Ironic Corporation typically includes essential information such as the grant date, number of stock options awarded, exercise price, vesting schedule, expiration date, and any restrictions or conditions associated with the options. To ensure compliance with local laws and regulations, this agreement can also cover provisions related to the treatment of stock options upon termination of employment, change of control, or other events that may impact the options. It is crucial for both Key Ironic Corporation and its employees to carefully review and understand the terms and conditions outlined in the District of Columbia Stock Option Agreement. Seeking legal, tax, and financial advice is recommended to ensure full comprehension of the agreement's implications and benefits.