Maryland Employee Stock Option Plan (ESOP) is a beneficial employee benefit program offered by Texas American Ranchers, Inc. It allows employees of the company to purchase company stock at a discounted price as a part of their compensation package. By owning company shares, employees become stakeholders and can benefit from the company's success. The Maryland Employee Stock Option Plan offered by Texas American Ranchers, Inc. provides employees with the opportunity to acquire company stock through stock options. This incentive program promotes employee loyalty, engagement, and alignment with the company's long-term growth. By granting stock options, the company aims to empower and reward its employees for their contribution and dedication. The Texas American Ranchers, Inc. Maryland ESOP program may include various types of stock options, such as: 1. Non-Qualified Stock Options (NO): These stock options are typically offered to employees without the restrictions of qualifying for special tax treatment. The employee can exercise them at any time after they vest. 2. Incentive Stock Options (ISO): These stock options are subject to specific requirements outlined by the Internal Revenue Code. They often come with favorable tax treatment, but the employee must meet eligibility criteria and hold the shares for a minimum period before selling. 3. Restricted Stock Units (RSU): As an alternative to stock options, RSS may be granted to employees. RSS represents a promise to deliver shares in the future, usually after a vesting period. They do not require the employee to purchase shares; instead, the company grants them directly. 4. Performance Shares: This type of stock option is granted based on predetermined performance criteria set by the company. The employee receives shares if specific performance goals are met within a defined timeframe. Texas American Ranchers, Inc. believes that the Maryland Employee Stock Option Plan is an effective tool in attracting and retaining talented employees. It aligns the interests of employees and shareholders, as both benefit from the company's success. The stock options granted under the plan provide employees with an opportunity to share in the company's growth and prosperity. Moreover, the ESOP supports a culture of ownership, loyalty, and dedication among employees, thereby fostering a collaborative and motivated workforce. Overall, the Maryland Employee Stock Option Plan offered by Texas American Ranchers, Inc. demonstrates the company's commitment to recognizing the contributions of its employees and working together towards achieving long-term success.