Georgia Stock Option Agreement is a legally binding contract between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd, involving the granting of stock options. This agreement outlines the terms and conditions that govern the rights and obligations of both parties regarding the issuance and exercise of stock options. The Georgia Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd can encompass different types, including but not limited to: 1. Non-Qualified Stock Option Agreement: This type of agreement allows employees or certain individuals to purchase a specific number of company shares at a predetermined price (the exercise price) within a specified time frame. This option is commonly used to attract and retain top talent. 2. Incentive Stock Option Agreement: These agreements are exclusively granted to employees and provide tax advantages. The employees typically exercise their options after meeting specific requirements, such as staying with the company for a certain period or achieving predetermined performance targets. 3. Employee Stock Purchase Plan (ESPN) Agreement: ESPN agreements are designed to give employees the opportunity to purchase company stock at a discounted price and are subject to specific rules and regulations. These agreements often emphasize long-term commitment and align the interests of employees with shareholders. 4. Restricted Stock Option Agreement: This type of agreement grants employees the right to purchase company shares subject to restrictions, such as a vesting period or performance conditions. It ensures that employees have a stake in the company's success and is often used as a retention strategy. The Georgia Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd will include essential terms like the number of shares covered, the exercise price, the expiration date, and any vesting or performance conditions. It will also outline the consequences of termination, any restrictions on transferring the options, and provisions regarding adjustment for stock splits or mergers. By entering into this agreement, Shore wood Packaging Corp. grants Jefferson Capital Group, Ltd the opportunity to acquire a certain number of shares in the future, providing potential financial benefits for Jefferson Capital Group, Ltd and aligning both parties' interests in the long-term success of the company.