Fulton Georgia Incentive Stock Option Plan is a specific compensation program offered by Bankers Note, Inc. in Fulton, Georgia, that provides employees with the opportunity to purchase company stock at a predetermined price, known as the exercise price. This plan is designed to incentivize and reward employees for their contributions to the company's success. The Fulton Georgia Incentive Stock Option Plan offers several types of stock options, tailored to the needs and preferences of employees. These options include: 1. Non-Qualified Stock Options (SOS): SOS are the most common type of stock option granted under the Fulton Georgia Incentive Stock Option Plan. They provide employees with the flexibility to purchase company stock at a predetermined price, regardless of its market value. These options are subject to taxation upon exercise. 2. Incentive Stock Options (SOS): SOS are another type of stock option available under the Fulton Georgia Incentive Stock Option Plan. They offer potential tax advantages, as the profits from exercising these options may be eligible for more favorable capital gains tax rates if certain requirements are met. However, SOS also come with stricter eligibility criteria and limitations compared to SOS. 3. Restricted Stock Units (RSS): The Fulton Georgia Incentive Stock Option Plan may also include RSS, which are a form of compensation that grants employees the right to receive company shares after a specific vesting period. Unlike stock options, RSS do not require employees to purchase stock; instead, they are awarded outright, subject to vesting conditions. 4. Performance Stock Units (Plus): Plus are performance-based stock options that are offered within the Fulton Georgia Incentive Stock Option Plan. These options are granted based on achieving predetermined performance goals, such as revenue targets or stock price milestones. If employees meet the specified criteria, they are eligible to receive stock options. The Fulton Georgia Incentive Stock Option Plan of Bankers Note, Inc. aims to motivate and retain talented employees by providing them with a valuable financial opportunity to own a stake in the company's success. With its multiple option types, the plan offers flexibility and potential benefits for employees based on their individual circumstances and goals.