The Alameda California Stock Option Plan is a comprehensive program designed to enable the approval and implementation of Incentive Stock Option Plans for companies operating in Alameda, California. One such company seeking approval for its Incentive Stock Option Plan is Pacific Animated Imaging Corp. Under the Alameda California Stock Option Plan, Pacific Animated Imaging Corp. aims to offer its employees attractive stock option packages to incentivize and reward their contributions to the company's growth and success. By granting employees the right to purchase company shares at a predetermined price within a specified period, it provides them with a sense of ownership and aligns their interests with that of the company's shareholders. The Incentive Stock Option Plan of Pacific Animated Imaging Corp. targets key employees, executives, and directors who play a crucial role in driving the company's innovation, productivity, and profitability. The plan aims to attract and retain top talent by offering them a unique opportunity to participate in the company's long-term success and potential financial gains. The Alameda California Stock Option Plan recognizes various types of stock options that Pacific Animated Imaging Corp. may choose to implement under its Incentive Stock Option Plan. These may include: 1. Non-Qualified Stock Options (SOS): These stock options provide employees with the flexibility to purchase company shares at a predetermined price, regardless of certain restrictions. SOS are subject to higher tax rates on exercise and require the company to pay payroll taxes on the resulting compensation. 2. Incentive Stock Options (SOS): These stock options offer potential tax advantages to the employees if specific requirements are met. SOS provide employees with the opportunity to purchase company shares at a predetermined price, which may be lower than the fair market value of the stock at the time of grant. If the employee holds the shares for a specified holding period, any appreciation may be taxed at the more favorable long-term capital gains rate. 3. Restricted Stock Units (RSS): Although not technically stock options, RSS grant employees the right to receive shares of company stock at a future date or upon the achievement of certain performance criteria. RSS typically have vesting requirements and may be subject to additional restrictions. The approval of the Incentive Stock Option Plan of Pacific Animated Imaging Corp. under the Alameda California Stock Option Plan represents a significant step in fostering employee engagement, attracting top talent, and aligning employee interests with the long-term success of the company. The implementation of this plan aims to promote innovation, loyalty, and commitment among employees, ultimately contributing to the growth and prosperity of Pacific Animated Imaging Corp.