Riverside California 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: Riverside
• 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 Riverside California Stock Option Plan is a comprehensive program designed to incentivize and reward executive officers by providing them with the opportunity to acquire shares in their respective companies. This plan offers two main types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are granted to executive officers as a part of their compensation package, providing them with certain tax benefits. These options allow executives to purchase company stock at a predetermined exercise price, typically lower than the market value at the time of grant. To qualify for favorable tax treatment, SOS must meet specific requirements outlined by the Internal Revenue Service (IRS), such as holding periods and exercise limitations. On the other hand, SOS are another type of stock option available under the Riverside California Stock Option Plan. Unlike SOS, SOS do not have to adhere to the stringent requirements set by the IRS and are more flexible in terms of eligibility and exercise price. These options can be granted to executive officers and employees alike, offering them the opportunity to purchase company stock at a predetermined price. However, SOS are subject to ordinary income tax rates upon exercise. The Riverside California Stock Option Plan aims to provide executive officers with a means to participate in the growth and success of their company. By granting them the ability to acquire company stock at a potentially lower price, it aligns the interests of executives with the overall performance and long-term success of the organization. These stock options serve as valuable incentives for executives to excel in their roles, driving growth and shareholder value. Overall, the Riverside California Stock Option Plan is a comprehensive and flexible program that enables executive officers to acquire shares of their company through SOS and SOS, promoting their active involvement in the company's success.

The Riverside California Stock Option Plan is a comprehensive program designed to incentivize and reward executive officers by providing them with the opportunity to acquire shares in their respective companies. This plan offers two main types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are granted to executive officers as a part of their compensation package, providing them with certain tax benefits. These options allow executives to purchase company stock at a predetermined exercise price, typically lower than the market value at the time of grant. To qualify for favorable tax treatment, SOS must meet specific requirements outlined by the Internal Revenue Service (IRS), such as holding periods and exercise limitations. On the other hand, SOS are another type of stock option available under the Riverside California Stock Option Plan. Unlike SOS, SOS do not have to adhere to the stringent requirements set by the IRS and are more flexible in terms of eligibility and exercise price. These options can be granted to executive officers and employees alike, offering them the opportunity to purchase company stock at a predetermined price. However, SOS are subject to ordinary income tax rates upon exercise. The Riverside California Stock Option Plan aims to provide executive officers with a means to participate in the growth and success of their company. By granting them the ability to acquire company stock at a potentially lower price, it aligns the interests of executives with the overall performance and long-term success of the organization. These stock options serve as valuable incentives for executives to excel in their roles, driving growth and shareholder value. Overall, the Riverside California Stock Option Plan is a comprehensive and flexible program that enables executive officers to acquire shares of their company through SOS and SOS, promoting their active involvement in the company's success.