The West Virginia Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation package designed to incentivize and reward employees of the company. This plan provides an opportunity for employees to receive stock options and various awards, fostering a sense of ownership and motivation within the workforce. One type of stock option available under this proposed plan is the Non-Qualified Stock Option (NO). SOS offer employees the right to purchase company stock at a predetermined price, known as the exercise price, within a specific timeframe. These options provide employees with the potential to profit from the increase in the company's stock value over time. Another type of stock option offered is the Incentive Stock Option (ISO). SOS are generally reserved for key employees and can offer certain tax benefits compared to SOS. Employees granted SOS have the right to purchase company stock at a predetermined price without incurring immediate tax liabilities. However, certain conditions must be met, such as holding the stock for a specific period, to avail these tax advantages. In addition to stock options, the proposed plan also includes various awards to recognize exceptional employee performance. These awards may include restricted stock units (RSS) and performance-based stock awards (SAS). RSS grant employees a certain number of shares of company stock that vest over time or upon the achievement of specific performance targets. SAS, on the other hand, are stock awards that are tied to predetermined performance goals set by the company and provide additional incentives to drive outstanding results. The West Virginia Proposed Stock Option and Award Plan of Fresco, Inc. aims to align employee interests with the company's overall success by providing employees with the opportunity to share in the company's growth and success. By offering a variety of stock options and awards, Fresco, Inc. seeks to attract, retain, and motivate a talented workforce, ultimately driving the company towards sustained growth and profitability.