The Montana Stock Option Plan of Sunrise Assisted Living, Inc. is a comprehensive program designed to provide incentives to employees, consultants, and advisers of the company through the grant of stock options. The plan aims to reward and motivate key individuals by offering them the opportunity to acquire shares in the company at a predetermined price, known as the exercise price. Both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) are part of this plan, each serving distinct purposes. Incentive Stock Options (SOS) are exclusively granted to employees and carry certain tax advantages. These options are subject to stringent regulations set forth by the Internal Revenue Service (IRS). To qualify for SOS, employees must meet certain eligibility criteria, including being employed by Sunrise Assisted Living, Inc. for a specified period and not exceeding ownership limits set by the company. Nonqualified Stock Options (SOS) are granted to both consultants and advisers in addition to employees. SOS do not offer the same tax advantages as SOS but provide greater flexibility in terms of eligibility requirements. Unlike SOS, there are no limitations on the number of shares an individual can acquire through SOS, making them a suitable option for individuals who do not meet ISO eligibility criteria or who wish to acquire a larger number of shares. The Montana Stock Option Plan serves as a contractual agreement between Sunrise Assisted Living, Inc. and the participating individuals. It outlines the terms and conditions of the stock option grants, including vesting schedules, exercise prices, expiration dates, and any other restrictions or provisions deemed necessary by the company. The plan enables employees, consultants, and advisers to benefit from the company's growth and success by providing them with the opportunity to acquire an ownership stake. This, in turn, aligns their interests with those of the company and promotes long-term loyalty and commitment. Keywords: Montana Stock Option Plan, Sunrise Assisted Living, Inc., Incentive Stock Options, Nonqualified Stock Options, employees, consultants, advisers, stock option grants, exercise price, SOS, SOS, tax advantages, eligibility criteria, ownership limits, contractual agreement, vesting schedules, expiration dates, restrictions, provisions.
Montana 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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