The Oregon Stock Option Plan of Sunrise Assisted Living, Inc. is a comprehensive program designed to provide incentives and rewards to the employees, consultants, and advisers of the company. This plan offers two different types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (Nests). The Incentive Stock Options (SOS) are a type of stock option that provides favorable tax treatment to the recipients. These options are granted with certain conditions, such as a minimum holding period of one year after the exercise date, and can only be granted to employees of Sunrise Assisted Living, Inc. SOS encourage employee loyalty and long-term commitment to the company by providing an opportunity for potential financial gain. On the other hand, the Nonqualified Stock Options (Nests) are stock options that do not meet the specific requirements for SOS. These options are more flexible and can be granted to a wider range of recipients including employees, consultants, and advisers. Unlike SOS, Nests do not offer the same tax advantages but are still valuable as they provide an opportunity for stock ownership and potential profit. The Oregon Stock Option Plan of Sunrise Assisted Living, Inc. aims to motivate and retain talented individuals by aligning their interests with the company's growth and success. It allows participants to purchase shares of the company's stock at a predetermined price, called the exercise price or strike price. The number of options granted, exercise price, and vesting schedule are determined based on various factors, such as the recipient's role, performance, and contribution to the company. By implementing this stock option plan, Sunrise Assisted Living, Inc. ensures that its employees, consultants, and advisers have a vested interest in the company's long-term success. This creates a sense of ownership and aligns their goals with those of the organization. The plan also serves as a valuable tool for attracting and retaining top talent in a competitive industry. Overall, the Oregon Stock Option Plan of Sunrise Assisted Living, Inc. is a comprehensive and flexible program that offers Incentive Stock Options (SOS) and Nonqualified Stock Options (Nests) to employees, consultants, and advisers. It promotes employee loyalty, aligns interests, and provides an opportunity for financial growth and success.
Oregon 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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