Queens New York Stock Option Plan is a comprehensive plan that allows individuals to receive stock options as part of their compensation package. This plan provides for the grant of three different types of stock options: Incentive Stock Options (SOS), Nonqualified Stock Options (Nests), and Exchange Options. Incentive Stock Options (SOS) are a type of stock option granted to employees that offer certain tax advantages. These options can only be granted to employees, and they must meet specific eligibility requirements. SOS are subject to various conditions, such as holding periods and restrictions on the number of shares that can be granted. Nonqualified Stock Options (Nests) are stock options that do not qualify for the same tax benefits as SOS. These options can be granted to both employees and non-employees, such as consultants or directors. Nests offer more flexibility in their terms and conditions, making them a popular choice for companies looking to provide stock-based compensation to a broader range of individuals. Exchange Options are a unique type of stock option that allows the holder to exchange their existing stock options for new options with revised terms. This type of option is offered to individuals who may have experienced changes in their employment status or other circumstances that warrant a modification of their original stock options. Exchange options allow for more flexibility and can be customized to meet the specific needs of the option holder. Overall, the Queens New York Stock Option Plan provides a comprehensive framework for granting different types of stock options to individuals based on their eligibility and specific circumstances. This plan enables companies to incentivize and compensate their employees and other stakeholders effectively through the use of stock-based compensation.