The Washington Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program offered by the company, designed to incentivize and reward its employees. This plan offers various types of stock options and award opportunities. Under this plan, Fresco, Inc. offers stock options as a form of compensation to its employees. Stock options provide employees with the right to purchase company shares in the future at a predetermined price, known as the exercise price. These options are typically granted as part of the employee's overall compensation package, serving as a long-term incentive. Additionally, the Washington Proposed Stock Option and Award Plan may also include other types of equity-based awards. These awards can come in the form of Restricted Stock Units (RSS) or Performance-Based Awards (PBA). RSS are company shares granted to employees, subject to certain vesting restrictions. Once the vesting period is complete, the employee becomes the owner of the shares. PBA, on the other hand, are awards linked to specific performance goals set by the company. These awards are granted based on achieving predetermined targets and can significantly enhance the compensation package for employees. The Washington Proposed Stock Option and Award Plan of Fresco, Inc. aims to align employee interests with the overall performance and growth of the company. It provides employees with a sense of ownership, fostering loyalty, and promoting a long-term commitment to the organization. By offering stock options and equity-based awards, Fresco, Inc. ensures that its employees can benefit from the company's success in the stock market. These incentives allow employees to share in the company's financial growth and value creation. The plan also encourages employees to contribute to the company's performance, as they have a vested interest in its success. Overall, the Washington Proposed Stock Option and Award Plan of Fresco, Inc. is a robust compensation program that includes various types of stock options, RSS, and PBA. It serves as an effective tool to attract and retain highly skilled professionals, while also aligning their interests with the long-term success of the organization.