The New Jersey Stock Option Plan of Sunrise Assisted Living, Inc., is a comprehensive program that grants both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible employees, consultants, and advisers. This plan serves to incentivize and reward the individuals who contribute to the growth and success of Sunrise Assisted Living, Inc. Incentive Stock Options (SOS) are a type of stock option that provide favorable tax treatment to employees. These options are typically granted to key employees and are subject to certain restrictions and limitations outlined in the plan. SOS offer employees the opportunity to purchase company stock at a predetermined exercise price, usually set at the fair market value of the stock on the grant date. They provide employees with a potential financial gain if the company's stock price rises over time. Nonqualified Stock Options (SOS) are another type of stock option offered under the New Jersey Stock Option Plan. SOS do not qualify for the same tax advantages as SOS and are often granted to consultants and advisers. Unlike SOS, SOS are typically granted with an exercise price equal to the fair market value of the stock on the grant date. SOS provide flexibility in terms of eligibility and are a valuable tool for attracting and retaining top talent in the company. The New Jersey Stock Option Plan of Sunrise Assisted Living, Inc., has been carefully designed to align the interests of employees, consultants, and advisers with the long-term success of the company. By granting stock options, Sunrise Assisted Living, Inc., aims to motivate individuals to contribute their skills, expertise, and dedication towards achieving the company's objectives. It is important to note that the specific terms and conditions of the New Jersey Stock Option Plan may vary and are subject to the relevant provisions outlined in the plan document. Eligible individuals are advised to review the plan document thoroughly to understand the rules and regulations governing the grant, exercise, and sale of stock options.
New Jersey 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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