Wake North Carolina Stock Option Plan which provides for grant of Incentive Stock Options, Nonqualified Stock Options and Stock Appreciation Rights

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• Control #: US-CC-18-217D
• Format: Word; Rich Text

Description

18-217D 18-217D . . . Stock Option Plan which provides for grant of Incentive Stock Options, (b) Non-qualified Stock Options (c) Stock Appreciation Rights, and (d) Limited Rights (which become exercisable upon (i) expiration of a tender offer, (ii) approval by stockholders of an Acquisition Transaction (as defined), (iii) date on which corporation is provided a copy of a Schedule 13D indicating that any person or group has become the holder of 25% or more of the outstanding shares of the corporation, or (iv) a change in composition of the Board of Directors such that individuals who served on the Board one year prior to such change no longer constitute a majority of the directors The Wake North Carolina Stock Option Plan is a comprehensive program designed to incentivize employees and executives of companies based in Wake, North Carolina. This plan offers various types of stock options and rights grants to eligible individuals as a means to reward and retain top talent. There are three main types of stock options and rights included in the Wake North Carolina Stock Option Plan: Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Stock Appreciation Rights (SARS). 1. Incentive Stock Options (SOS): The Wake North Carolina Stock Option Plan includes SOS, which are granted to employees to purchase company stock at a predetermined price, known as the exercise price. SOS have specific tax advantages, as they are taxed as capital gains rather than as ordinary income, provided certain holding period and other requirements are met. 2. Nonqualified Stock Options (SOS): The plan also provides for the grant of SOS, which are similar to SOS but do not qualify for the favorable tax treatment. SOS can be granted to employees, consultants, or other service providers. When and Now is exercised, the recipient recognizes ordinary income on the difference between the exercise price and the fair market value of the stock. 3. Stock Appreciation Rights (SARS): SARS are another type of grant available under the Wake North Carolina Stock Option Plan. Unlike stock options, SARS do not grant the right to purchase stock but instead provide a cash payout based on the increase in the company's stock price over a specified period. SARS can be settled in cash, stock, or a combination of both. The Wake North Carolina Stock Option Plan offers flexibility in granting these options and rights based on the specific needs and goals of the company and its employees. This comprehensive plan ensures that eligible individuals are provided with opportunities to participate in the company's growth and success, fostering a motivated and loyal workforce. Keywords: Wake North Carolina, Stock Option Plan, Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, SOS, SOS, SARS, grant, employees, executives, incentives, talent retention, tax advantages, exercise price, capital gains, ordinary income, tax treatment, consultants, service providers, cash payout, stock price, settlement, flexibility, growth, success, workforce.

The Wake North Carolina Stock Option Plan is a comprehensive program designed to incentivize employees and executives of companies based in Wake, North Carolina. This plan offers various types of stock options and rights grants to eligible individuals as a means to reward and retain top talent. There are three main types of stock options and rights included in the Wake North Carolina Stock Option Plan: Incentive Stock Options (SOS), Nonqualified Stock Options (SOS), and Stock Appreciation Rights (SARS). 1. Incentive Stock Options (SOS): The Wake North Carolina Stock Option Plan includes SOS, which are granted to employees to purchase company stock at a predetermined price, known as the exercise price. SOS have specific tax advantages, as they are taxed as capital gains rather than as ordinary income, provided certain holding period and other requirements are met. 2. Nonqualified Stock Options (SOS): The plan also provides for the grant of SOS, which are similar to SOS but do not qualify for the favorable tax treatment. SOS can be granted to employees, consultants, or other service providers. When and Now is exercised, the recipient recognizes ordinary income on the difference between the exercise price and the fair market value of the stock. 3. Stock Appreciation Rights (SARS): SARS are another type of grant available under the Wake North Carolina Stock Option Plan. Unlike stock options, SARS do not grant the right to purchase stock but instead provide a cash payout based on the increase in the company's stock price over a specified period. SARS can be settled in cash, stock, or a combination of both. The Wake North Carolina Stock Option Plan offers flexibility in granting these options and rights based on the specific needs and goals of the company and its employees. This comprehensive plan ensures that eligible individuals are provided with opportunities to participate in the company's growth and success, fostering a motivated and loyal workforce. Keywords: Wake North Carolina, Stock Option Plan, Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, SOS, SOS, SARS, grant, employees, executives, incentives, talent retention, tax advantages, exercise price, capital gains, ordinary income, tax treatment, consultants, service providers, cash payout, stock price, settlement, flexibility, growth, success, workforce.