The Oregon Stock Option Plan of Star States Corporation is a comprehensive employee benefit program that aims to incentivize and reward employees through the issuance of stock options. This plan is specifically tailored for employees based in Oregon and is designed to comply with the state's laws and regulations. One of the primary goals of the Oregon Stock Option Plan is to attract and retain top talent by offering an attractive compensation package. By granting stock options to employees, the corporation provides them with the opportunity to share in the company's success and growth. Under the Oregon Stock Option Plan, employees are given the right to purchase a certain number of shares of Star States Corporation stock at a predetermined price, known as the exercise price. The exercise price is typically set at the fair market value of the stock on the date of the grant. There are several types of Oregon Stock Option Plans that Star States Corporation may offer to its employees: 1. Incentive Stock Options (SOS): These options are intended to provide favorable tax treatment to employees. SOS are subject to specific IRS rules and can only be granted to employees, not contractors or consultants. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not offer the same tax advantages. They can be granted to both employees and non-employee service providers. Nests are more flexible in terms of eligibility criteria and do not have to comply with the IRS rules applicable to SOS. 3. Restricted Stock Units (RSS): RSS are another type of equity compensation granted to employees. Instead of granting the right to purchase stock at a later date, RSS represent a promise to deliver shares of stock at a future date, typically upon the occurrence of specific conditions or vesting periods. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase shares of Star States Corporation stock at a discounted price, often through payroll deductions. ESPN provides a convenient way for employees to become shareholders and benefit from potential stock price appreciation. It's worth noting that the specific terms and conditions of the Oregon Stock Option Plan may vary depending on factors such as an employee's position, tenure, and performance. Star States Corporation emphasizes the importance of clarifying these details with eligible employees to ensure a thorough understanding of their stock option benefits. Overall, the Oregon Stock Option Plan of Star States Corporation serves as a valuable tool for attracting, incentivizing, and retaining talented individuals in the competitive employment market of Oregon. The various types of stock options cater to different employee needs and provide opportunities for financial growth and participation in the company's success.