18-219B 18-219B . . . Stock Option Plan which provides for grant of Incentive Stock Options, (b) Non-qualified Stock Options, and (c) Exchange Options under which employees of the corporation or any of its subsidiaries can exchange (i) all of their options for shares of a subsidiary that were granted under that subsidiary's stock option plan and are outstanding as of the date of adoption of this Plan and all their awards under that subsidiary's Restricted Stock Plan for restricted shares of that subsidiary's stock that are outstanding as of the date of adoption of this Plan and receive therefor non-qualified options for shares under this Plan, (ii) all of their restricted shares of a subsidiary that were issued under the subsidiary's Performance Restricted Stock Plan and receive therefor non-qualified options for shares under this Plan, and (iii) all of their stock appreciation rights with respect to shares of a subsidiary that were granted under that subsidiary's Stock Appreciation Rights Plan and receive therefor non-qualified options for shares under this Plan
The Oklahoma Stock Option Plan is a comprehensive financial program that allows companies to issue stock options to their employees as a form of compensation and incentive. This plan offers three different types of stock options: Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Exchange Options (EOS), each serving a specific purpose within the overall scheme. Incentive Stock Options (SOS) are a type of stock option granted exclusively to employees, which provide favorable tax treatment. Under the Oklahoma Stock Option Plan, SOS are intended to encourage long-term commitment and align employees' interests with the company's success. These options can only be granted at the fair market value (FMV) of the stock on the date of the grant and have certain eligibility criteria, including limitations on the number of shares, exercise price, and exercise period. Nonqualified Stock Options (SOS) are an alternative option available under the Oklahoma Stock Option Plan. Unlike SOS, SOS are not subject to the same favorable tax treatment and can be issued to employees, directors, and consultants. SOS offer more flexibility regarding exercise price and exercise period, enabling companies to customize the terms based on individual needs. These options are often used as a means to retain top talent, attract external expertise, or reward loyalty. Exchange Options (EOS) are a unique feature of the Oklahoma Stock Option Plan. These options allow participants to exchange their existing SOS or SOS for different types of options. EOS can facilitate restructuring or modification of stock options to better align with changing business needs, employee preferences, or evolving financial circumstances. This flexibility provides participants with options that suit their individual requirements, ensuring the plan remains adaptable and attractive over time. Overall, the Oklahoma Stock Option Plan Stock Option Plan is a versatile, comprehensive approach to granting stock options to employees. Its various types of options — Incentive Stock Options, Nonqualified Stock Options, and Exchange Options — offer employers the ability to tailor their compensation packages to match specific goals and financial realities. By utilizing this plan, companies in Oklahoma can incentivize their employees, reward loyalty, attract new talent, and align vested interests in long-term success.
The Oklahoma Stock Option Plan is a comprehensive financial program that allows companies to issue stock options to their employees as a form of compensation and incentive. This plan offers three different types of stock options: Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Exchange Options (EOS), each serving a specific purpose within the overall scheme. Incentive Stock Options (SOS) are a type of stock option granted exclusively to employees, which provide favorable tax treatment. Under the Oklahoma Stock Option Plan, SOS are intended to encourage long-term commitment and align employees' interests with the company's success. These options can only be granted at the fair market value (FMV) of the stock on the date of the grant and have certain eligibility criteria, including limitations on the number of shares, exercise price, and exercise period. Nonqualified Stock Options (SOS) are an alternative option available under the Oklahoma Stock Option Plan. Unlike SOS, SOS are not subject to the same favorable tax treatment and can be issued to employees, directors, and consultants. SOS offer more flexibility regarding exercise price and exercise period, enabling companies to customize the terms based on individual needs. These options are often used as a means to retain top talent, attract external expertise, or reward loyalty. Exchange Options (EOS) are a unique feature of the Oklahoma Stock Option Plan. These options allow participants to exchange their existing SOS or SOS for different types of options. EOS can facilitate restructuring or modification of stock options to better align with changing business needs, employee preferences, or evolving financial circumstances. This flexibility provides participants with options that suit their individual requirements, ensuring the plan remains adaptable and attractive over time. Overall, the Oklahoma Stock Option Plan Stock Option Plan is a versatile, comprehensive approach to granting stock options to employees. Its various types of options — Incentive Stock Options, Nonqualified Stock Options, and Exchange Options — offer employers the ability to tailor their compensation packages to match specific goals and financial realities. By utilizing this plan, companies in Oklahoma can incentivize their employees, reward loyalty, attract new talent, and align vested interests in long-term success.