The Nevada Proposed Stock Option and Award Plan of Fresco, Inc. provides an opportunity for participants to be granted various stock options and awards in recognition of their contributions to the company. These options and awards are designed to incentivize employees and align their interests with the long-term success of Fresco, Inc. The plan aims to attract and retain highly skilled individuals by offering them an additional opportunity to benefit from the company's growth and profitability. It plays a crucial role in motivating employees, fostering loyalty, and maintaining a competitive edge in the industry. Under the Nevada Proposed Stock Option and Award Plan, there are several types of stock options and awards that can be granted to participants. These include: 1. Stock Options: Participants may be granted options to purchase a specified number of shares of Fresco, Inc.'s common stock. These options typically have an exercise price equal to the fair market value of the stock on the grant date. They provide participants with the right to buy company shares at a predetermined price within a specified period. 2. Restricted Stock Units (RSS): RSS are awards that represent the right to receive shares of Fresco, Inc.'s common stock. They are typically subject to vesting conditions, such as the completion of a certain period of service or the achievement of performance goals. Once the conditions are met, participants receive the shares outright. 3. Performance Stock Units (Plus): Plus are awards that grant participants the right to receive shares of the company's common stock based on the achievement of predetermined performance goals. These goals may include financial targets, operational milestones, or other key performance indicators. Once the targets are met, participants are entitled to receive the shares. 4. Stock Appreciation Rights (SARS): SARS are awards that provide participants with the right to receive the appreciation in the value of a specified number of shares of Fresco, Inc.'s common stock. These rights are usually granted in tandem with stock options and have an expiration date. The Nevada Proposed Stock Option and Award Plan of Fresco, Inc. ensures that participants receive a fair and reasonable opportunity to benefit from the company's success. It also helps align the interests of participants with those of the shareholders, leading to increased shareholder value and overall organizational growth. Note: This content is generated by an AI language model and should not be considered a substitute for professional advice or accurate regarding specific legal or financial information.