West Virginia Stock Option Agreement is a legally binding document that outlines the terms and conditions governing the granting of stock options between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd, both entities being based in West Virginia. This agreement allows individuals within Jefferson Capital Group, Ltd to purchase a specific number of shares of Shore wood Packaging Corp's stock at a predetermined price within a specified timeframe. The West Virginia Stock Option Agreement serves as a means to incentivize and reward employees or key personnel of Jefferson Capital Group, Ltd, providing them with an opportunity to acquire ownership interests in Shore wood Packaging Corp. The agreement typically includes important details such as the number of shares to be issued, the exercise price, the vesting period, and the expiration date. Different types of West Virginia Stock Option Agreements between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd may include: 1. Non-Qualified Stock Options (NO): These are stock options that do not qualify for favorable tax treatment under the Internal Revenue Code. Nests are typically granted to employees or consultants and are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (ISO): These stock options qualify for special tax treatment under the Internal Revenue Code. SOS are usually granted to employees and have certain requirements to adhere to in order to maintain their advantageous tax status. 3. Restricted Stock Units (RSS): While not technically options, RSS are frequently used to align employee incentives and grant ownership interests. Upon vesting, RSS convert into actual shares of stock. 4. Performance Stock Options: These options are tied to predefined performance targets, such as achieving certain financial goals or meeting specific milestones. The grant and exercise of these options are contingent upon the company meeting or exceeding the predetermined performance metrics. 5. Stock Appreciation Rights (SARS): Similar to stock options, SARS provide employees with the opportunity to benefit from the increase in a company's stock price. Instead of receiving actual shares, employees receive the difference in value between the grant price and the fair market value of the stock at the time of exercise. It is crucial to note that the specific terms and characteristics of the West Virginia Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd may vary depending on the particular agreement executed between the two entities. Therefore, it is essential to review the specific agreement to understand the terms and conditions specific to each stock option variation.