The New Mexico Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. is a legally binding contract that outlines the terms and conditions related to stock options issued by Shore wood Packaging Corp. to Jefferson Capital Group, Ltd. This agreement provides Jefferson Capital Group, Ltd. with the opportunity to purchase a specified number of shares of Shore wood Packaging Corp.'s stock at a predetermined price. The agreement includes various clauses and provisions to protect the rights and interests of both parties involved. One type of New Mexico Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. is the Nonqualified Stock Option Agreement. This agreement grants Jefferson Capital Group, Ltd. the right to purchase shares at a specified exercise price irrespective of the market value of the stock. It provides Jefferson Capital Group, Ltd. with the flexibility to exercise the stock options at their convenience. Another type of New Mexico Stock Option Agreement is the Incentive Stock Option Agreement. This specific agreement enables Jefferson Capital Group, Ltd. to purchase shares at a reduced or discounted price, which may be advantageous for them in terms of potential capital appreciation. However, unlike nonqualified stock options, incentive stock options are subject to certain restrictions and requirements set by the Internal Revenue Service (IRS). The New Mexico Stock Option Agreement contains key details, including the number of shares subject to the agreement, the exercise price, vesting schedule, expiration date, and any applicable restrictions or conditions. It also outlines the method of exercise, such as cash payment or stock swap, as well as any tax implications for both parties. Additionally, the agreement may include provisions regarding stock option adjustments in the event of certain corporate actions, such as mergers, acquisitions, or stock splits. It may also address restrictions on transferring or assigning the stock options, as well as the circumstances under which the agreement may be terminated or voided. Overall, the New Mexico Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. serves as a comprehensive and binding document that governs the stock options issued to Jefferson Capital Group, Ltd. It aims to protect the interests of both parties and provides a framework for the exercise and management of stock options within the confines of New Mexico state laws and regulations.