The Puerto Rico Stock Award Plan of Telecom, Inc. is a comprehensive compensation program designed to incentivize and reward employees of the company through stock-based compensation. As an important tool for attracting and retaining top talent, this plan offers various types of stock awards to eligible participants. One type of stock award under the Puerto Rico Stock Award Plan is the Restricted Stock Units (RSS). RSS are granted to employees and represent a commitment to deliver a specific number of shares of Telecom, Inc. stock at a predetermined future date. These awards serve as a motivational tool, encouraging employees to contribute to the overall success and value appreciation of the company. Another type of stock award is the Performance Stock Units (Plus). Plus are granted based on predetermined performance goals and objectives, ensuring that participants are rewarded for achieving specific milestones and driving Telecom, Inc. towards growth. These awards align the interests of employees with the company's long-term success, fostering a culture of productivity and goal attainment. In addition to RSS and Plus, the Puerto Rico Stock Award Plan may also include Stock Options. Stock Options give eligible employees the right to purchase Telecom, Inc. stock at a predetermined price within a specified period. This type of award provides employees with the potential for future financial gain, as they can exercise their options once the stock price reaches a desirable level. The Puerto Rico Stock Award Plan of Telecom, Inc. is carefully designed to comply with Puerto Rico-specific regulations while providing valuable benefits to employees. It is structured to align the interests of participants with the company's performance, ensuring that mutual success is achieved. Through the various types of stock awards offered, employees have the opportunity to share in the growth and prosperity of Telecom, Inc., thus fostering a strong commitment to the company's vision and objectives.