Fulton Georgia Stock Option Plan which provides for grant of Incentive Stock Options and Nonqualified Stock Options to executive officers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• Control #: US-CC-18-210C
• Format: Word; Rich Text

Description

18-210C 18-210C . . . Stock Option Plan which provides for grant of Incentive Stock Options and Non-qualified Stock Options to executive officers of corporation and (b) Non-qualified Stock Options to outside directors on following basis: an initial grant of option to purchase 10,000 shares of the stock plus annual grants of options to purchase 5,000 shares, provided outside director continues to serve as outside director. Each outside director also receives annual option grant of 2,000 shares for each committee on which he or she serves. Outside directors' options are not exercisable during first 12 months of their term. After 12 months they become exercisable as to 24% plus 2% for each complete month of continuous service in excess of 12 months until fully vested. Options may also be granted to executive officers residing in foreign jurisdictions. Board of Directors may adopt such supplements to Plan as may be necessary to comply with applicable laws of such foreign jurisdictions and to afford participants favorable treatment under such laws The Fulton Georgia Stock Option Plan is a comprehensive compensation program designed specifically for executive officers of companies in Fulton, Georgia. This plan provides two types of stock options, namely Incentive Stock Options (SOS) and Nonqualified Stock Options (Nests), which serve as attractive incentives for executives. Incentive Stock Options (SOS) are one of the types of stock options granted under the Fulton Georgia Stock Option Plan. These options are specifically designed to provide tax advantages to the executives who receive them. SOS are typically offered at a favorable exercise price and come with certain tax benefits. If the executives hold these options for a specified period of time, the appreciation in stock value is taxed at the lower capital gains rate rather than as ordinary income. Nonqualified Stock Options (Nests) are the other type of stock options offered under the Fulton Georgia Stock Option Plan. Nests differ from SOS in terms of tax treatment. These options do not qualify for the special tax benefits provided by SOS but offer greater flexibility to executives. Nests can be granted at any exercise price and are subject to ordinary income tax rates upon exercise. However, Nests can also offer potential financial gains if the company's stock value increases over time. The Fulton Georgia Stock Option Plan aims to provide executive officers with a comprehensive compensation package that aligns their interests with the company's success. By granting both SOS and Nests, the plan allows executives to benefit from stock value appreciation while considering their individual tax preferences. Executives participating in the Fulton Georgia Stock Option Plan have the opportunity to receive stock options that can provide a significant financial incentive based on the company's performance. This compensation program helps attract and retain top executive talent by offering a competitive and performance-driven reward system.

The Fulton Georgia Stock Option Plan is a comprehensive compensation program designed specifically for executive officers of companies in Fulton, Georgia. This plan provides two types of stock options, namely Incentive Stock Options (SOS) and Nonqualified Stock Options (Nests), which serve as attractive incentives for executives. Incentive Stock Options (SOS) are one of the types of stock options granted under the Fulton Georgia Stock Option Plan. These options are specifically designed to provide tax advantages to the executives who receive them. SOS are typically offered at a favorable exercise price and come with certain tax benefits. If the executives hold these options for a specified period of time, the appreciation in stock value is taxed at the lower capital gains rate rather than as ordinary income. Nonqualified Stock Options (Nests) are the other type of stock options offered under the Fulton Georgia Stock Option Plan. Nests differ from SOS in terms of tax treatment. These options do not qualify for the special tax benefits provided by SOS but offer greater flexibility to executives. Nests can be granted at any exercise price and are subject to ordinary income tax rates upon exercise. However, Nests can also offer potential financial gains if the company's stock value increases over time. The Fulton Georgia Stock Option Plan aims to provide executive officers with a comprehensive compensation package that aligns their interests with the company's success. By granting both SOS and Nests, the plan allows executives to benefit from stock value appreciation while considering their individual tax preferences. Executives participating in the Fulton Georgia Stock Option Plan have the opportunity to receive stock options that can provide a significant financial incentive based on the company's performance. This compensation program helps attract and retain top executive talent by offering a competitive and performance-driven reward system.