Oregon Stock Option Agreement is a legally binding contract between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. This agreement allows employees or other designated individuals to purchase a specific number of company stocks at a pre-determined price within a specified timeframe. It is a common practice used to incentivize employees and align their interests with the company's success. Shore wood Packaging Corp., a prominent packaging company based in Oregon, enters into this agreement with Jefferson Capital Group, Ltd., a leading financial institution. Under this agreement, Shore wood Packaging Corp. grants options to Jefferson Capital Group, Ltd. to purchase a certain number of company stocks at a predetermined exercise price. This agreement is governed by the specific laws and regulations of the state of Oregon. The Oregon Stock Option Agreement can have different types depending on the terms and conditions negotiated between the two parties. Here are some possible variations: 1. Non-Qualified Stock Option Agreement: This type of option agreement is commonly used and offers flexibility to both parties. It allows the option holder to purchase company stocks at a specific price within a defined period, usually without any specific tax advantages. 2. Incentive Stock Option Agreement: This type of agreement grants special tax advantages to the option holder, subject to certain qualifying conditions. It encourages long-term commitment and loyalty among employees. 3. Employee Stock Purchase Plan (ESPN): This plan encourages employee participation by allowing them to purchase company stocks at a discounted price. ESPN typically have specific enrollment periods and may offer a look-back provision, which sets the purchase price at a lower value (either the beginning or ending price of the purchase period, whichever is lower). 4. Restricted Stock Unit (RSU) Agreement: RSU agreements grant company stocks to employees as compensation, subject to vesting restrictions. The stocks are issued at no cost, and upon fulfilling the agreed-upon conditions, employees gain ownership of the stocks. The Oregon Stock Option Agreement outlines various essential details, such as the number of stocks being offered, the exercise price, the vesting schedule, and the expiration date. It also specifies any conditions or requirements the option holder must meet to avail themselves of the options. This includes potential exit scenarios like termination, resignation, or retirement. Both parties must thoroughly review and understand the terms laid out in the Oregon Stock Option Agreement to ensure compliance and clarity. This agreement protects the interests of both the company and the option holder, fostering a mutually beneficial relationship that supports the growth and success of Shore wood Packaging Corp.