The District of Columbia Stock Option Plan of Sunrise Assisted Living, Inc. is a comprehensive employee benefit program designed to provide eligible individuals with the opportunity to acquire company stock through Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These stock options are made available to employees, consultants, and advisers of Sunrise Assisted Living, Inc., based in the District of Columbia. Through the District of Columbia Stock Option Plan, Sunrise Assisted Living, Inc. seeks to incentivize and reward its valuable workforce by granting them the right to purchase company stock at a predetermined price within a specified time frame. These stock options serve as a means to align the interests of employees, consultants, and advisers with the long-term growth and success of the company. Incentive Stock Options (SOS) are one type of stock option available under the plan. SOS are typically granted to employees and are governed by specific rules outlined in the Internal Revenue Code (IRC). These options offer potential tax advantages, as gains realized upon the exercise of SOS may be eligible for favorable tax treatment. Nonqualified Stock Options (SOS), on the other hand, are available to employees, consultants, and advisers who may not meet the requirements for SOS. SOS do not comply with the specific provisions set forth by the IRC and, as a result, do not offer the same tax benefits as SOS. However, SOS still present a valuable opportunity for recipients to acquire company stock. The District of Columbia Stock Option Plan serves as a vital component of Sunrise Assisted Living, Inc.'s overall compensation and benefits package. By providing eligible individuals with the ability to participate in the ownership of the company, it fosters a sense of ownership and enhances their motivation and dedication to driving the organization's success. Sunrise Assisted Living, Inc. recognizes the importance of attracting and retaining top talent in the District of Columbia, and the Stock Option Plan reflects their commitment to rewarding their employees, consultants, and advisers for their contributions to the company's growth and prosperity.
District of Columbia 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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