The Iowa Amended and Restated Stock Option Plan of L. Luria and Son, Inc. is a comprehensive program designed to provide employees with stock options as a form of compensation and incentive. This plan offers employees the opportunity to purchase a specified number of shares of the company's stock at a predetermined price, known as the exercise price, over a certain period of time. Under the Iowa Amended and Restated Stock Option Plan of L. Luria and Son, Inc., there are several types of stock options that can be granted: 1. Non-Qualified Stock Options (Nests): These options are typically offered to employees and executives, allowing them to purchase company stock at a predetermined price within a specified timeframe. Nests offer greater flexibility in terms of exercise price and timing. 2. Incentive Stock Options (SOS): SOS are usually granted to key employees and provide certain tax advantages. Employees who exercise SOS may qualify for favorable tax treatment upon the sale of the stock, as long as they meet specific holding period requirements. 3. Performance Stock Options: This type of stock option is granted based on certain performance criteria, such as reaching revenue targets or achieving specific strategic goals. Performance stock options are typically used to motivate and reward employees for exceptional achievements. 4. Restricted Stock Units (RSS): RSS are not technically stock options, but they are often included in stock option plans. RSS represents a promise to deliver company stock at a future date, subject to certain vesting conditions. Unlike traditional stock options, RSS do not require employees to purchase the stock. The Iowa Amended and Restated Stock Option Plan of L. Luria and Son, Inc. provides a framework for the issuance, allocation, and administration of these stock options. It establishes eligibility criteria, vesting schedules, exercise periods, and other terms and conditions related to the stock options. Overall, the Iowa Amended and Restated Stock Option Plan of L. Luria and Son, Inc. aims to incentivize employees by aligning their interests with the company's long-term success. It offers employees the opportunity to acquire an ownership stake in the company, fostering a sense of ownership, loyalty, and motivation to contribute to its growth.