The New Hampshire Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to provide employees with the opportunity to acquire stock options in the company. The plan includes two types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are stock options that are granted with certain tax advantages. Under the New Hampshire Stock Option Plan, employees who receive SOS have the ability to purchase company stock at a predetermined price, known as the exercise price. SOS are generally subject to specific requirements, such as a minimum holding period, in order to enjoy favorable tax treatment. On the other hand, Nonqualified Stock Options (SOS) are stock options that do not meet the criteria set by the Internal Revenue Service (IRS) for SOS. SOS provide employees with the opportunity to purchase company stock at the exercise price, but they are not subject to the same tax advantages as SOS. Unlike SOS, SOS do not have specific requirements regarding holding periods or other restrictions. The New Hampshire Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and attract talented individuals by giving them the chance to participate in the company's growth and success. By granting stock options, the plan aligns the interests of employees with those of shareholders, fostering a sense of ownership and dedication. By offering both Incentive Stock Options and Nonqualified Stock Options, Hayes Wheels International, Inc. provides employees with options that cater to their individual financial situations. SOS are advantageous for employees seeking potential tax benefits, while SOS are more flexible and can be utilized by a wider range of employees. Overall, the New Hampshire Stock Option Plan of Hayes Wheels International, Inc. serves as a valuable tool for attracting, retaining, and motivating employees by providing them with an opportunity to share in the company's financial success.