Nassau New York 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: Nassau
• 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 Nassau New York Stock Option Plan is a comprehensive program designed to provide executive officers with both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). This plan is offered by Nassau New York, a reputable financial institution specializing in investment and insurance solutions. Under the Nassau New York Stock Option Plan, executive officers have the opportunity to be granted SOS and SOS as part of their compensation package. These options provide executives with the right to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. Incentive Stock Options (SOS) are one of the key components of the Nassau New York Stock Option Plan. These options are granted to executives with the intention of providing them with tax advantages. If certain conditions are met, such as holding the stock for a specific period of time, the executives can enjoy preferential tax treatment upon exercising their SOS. This can result in significant tax savings for the executives when compared to ordinary income tax rates. Nonqualified Stock Options (SOS) are another type of stock option offered under the Nassau New York Stock Option Plan. Unlike SOS, SOS do not carry the same tax benefits and are subject to ordinary income tax rates upon exercise. However, SOS may provide greater flexibility in terms of eligibility criteria and timing of exercise, making them a valuable component of the plan for executive officers. The Nassau New York Stock Option Plan is thoughtfully designed to align the interests of executive officers with the long-term success of the company. By granting SOS and SOS, the plan incentivizes executives to contribute to the growth and profitability of the organization. This not only benefits the executives themselves but also ensures that shareholders' interests are protected and promoted. It is important to note that while this description outlines the general features of the Nassau New York Stock Option Plan, the specific details and terms of the plan may vary depending on factors such as the executive's position, tenure, and the company's objectives. Therefore, it is recommended for executives to review the plan documentation and consult with financial advisors to fully understand the options available to them under the plan.

The Nassau New York Stock Option Plan is a comprehensive program designed to provide executive officers with both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). This plan is offered by Nassau New York, a reputable financial institution specializing in investment and insurance solutions. Under the Nassau New York Stock Option Plan, executive officers have the opportunity to be granted SOS and SOS as part of their compensation package. These options provide executives with the right to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. Incentive Stock Options (SOS) are one of the key components of the Nassau New York Stock Option Plan. These options are granted to executives with the intention of providing them with tax advantages. If certain conditions are met, such as holding the stock for a specific period of time, the executives can enjoy preferential tax treatment upon exercising their SOS. This can result in significant tax savings for the executives when compared to ordinary income tax rates. Nonqualified Stock Options (SOS) are another type of stock option offered under the Nassau New York Stock Option Plan. Unlike SOS, SOS do not carry the same tax benefits and are subject to ordinary income tax rates upon exercise. However, SOS may provide greater flexibility in terms of eligibility criteria and timing of exercise, making them a valuable component of the plan for executive officers. The Nassau New York Stock Option Plan is thoughtfully designed to align the interests of executive officers with the long-term success of the company. By granting SOS and SOS, the plan incentivizes executives to contribute to the growth and profitability of the organization. This not only benefits the executives themselves but also ensures that shareholders' interests are protected and promoted. It is important to note that while this description outlines the general features of the Nassau New York Stock Option Plan, the specific details and terms of the plan may vary depending on factors such as the executive's position, tenure, and the company's objectives. Therefore, it is recommended for executives to review the plan documentation and consult with financial advisors to fully understand the options available to them under the plan.