The Wisconsin Nonqualified Stock Option Plan offered by Banker's Note, Inc. is a comprehensive incentive program designed to reward and incentivize employees. This plan provides employees with the opportunity to purchase company stocks at a predetermined price, granting them the potential for future financial gains. Under the Wisconsin Nonqualified Stock Option Plan, Banker's Note, Inc. offers various types of stock options to its employees. These options include: 1. Standard Stock Options: These options provide employees with the right to purchase a specific number of company stocks at a predetermined price, also known as the exercise price or strike price. The exercise price is typically set at the fair market value of the stocks on the grant date or at a discounted price. 2. Incentive Stock Options (SOS): SOS are a specific type of stock option that offer tax advantages to employees. In order to qualify for SOS, employees must meet certain requirements set by the Internal Revenue Service (IRS), such as holding the stock for a specific period of time before selling it. 3. Nonqualified Stock Options (NOS): NOS are stock options that do not meet the requirements set by the IRS for SOS. These options are more flexible in terms of eligibility criteria and tax implications. NOS provide employees with the opportunity to purchase company stocks at a favorable price and are subject to ordinary income tax rates upon exercise. The Wisconsin Nonqualified Stock Option Plan serves as a valuable tool for Banker's Note, Inc. to attract and retain talented employees. By offering stock options, employees are motivated to contribute to the company's growth and success, as the value of their stock options depends on the company's overall performance. It is important to note that specific details and terms of the Wisconsin Nonqualified Stock Option Plan may vary, and interested employees should refer to the official plan documents provided by Banker's Note, Inc. for accurate information, including vesting schedules, exercise periods, and other relevant terms and conditions.