The Nassau New York Stock Option Plan is a program introduced by Pacific Animated Imaging Corp. to approve their Incentive Stock Option Plan. This plan offers employees of the company the opportunity to purchase company stocks at a predetermined price within a specified time frame. Under the Nassau New York Stock Option Plan, employees are granted stock options as a form of compensation, which allows them to buy shares of the company's stock at a discounted price. These options are typically given to key employees as a way to incentivize and reward them for their contributions to the company's success. The Incentive Stock Option Plan provides additional benefits to employees compared to other types of stock options. By participating in this plan, employees can enjoy favorable tax treatment on the gains realized from the exercise and sale of the stock options. This can result in substantial tax savings and serves as a motivating factor for employees to participate in the program. The Nassau New York Stock Option Plan aims to align the interests of employees with those of the company's shareholders. By providing employees with ownership in the company through stock options, it encourages them to work towards enhancing the company's overall performance and value. In addition to the general Incentive Stock Option Plan, the Nassau New York Stock Option Plan may have different types or variations depending on the specific terms and conditions outlined by Pacific Animated Imaging Corp. These variations may include Vesting Schedules, where the stock options become exercisable gradually over a specified period of continued employment or achievement of certain performance goals. Furthermore, the plan may also encompass Stock Option Grants, which specify the number of stock options granted to each employee, Strike Price, which determines the price at which the options can be exercised, and Exercise Period, which defines the timeframe within which employees can exercise their options. Overall, the Nassau New York Stock Option Plan encourages employee loyalty, motivation, and commitment by creating a sense of ownership and allowing them to benefit from the company's success. It serves as a valuable tool for attracting, retaining, and incentivizing talented employees within Pacific Animated Imaging Corp.