The Clark Nevada Nonemployee Directors Nonqualified Stock Option Plan is a specific program offered by Cocos, Inc. to nonemployee directors based in the state of Nevada, particularly in the area of Clark County. This plan provides an opportunity for nonemployee directors to receive stock options as a form of compensation for their services on the board of directors. The Clark Nevada Nonemployee Directors Nonqualified Stock Option Plan is designed to incentivize nonemployee directors by offering them the chance to own a stake in the company through stock options. These stock options grant the right to purchase a specified number of company shares at a predetermined price, known as the "strike price," within a set period of time. By participating in this plan, nonemployee directors can potentially benefit from the growth of Cocos, Inc. and align their interests with those of the company's shareholders. As the stock price increases over time, the stock options may become more valuable, allowing the directors to generate additional wealth. It's important to note that there might be different types of Clark Nevada Nonemployee Directors Nonqualified Stock Option Plans offered by Cocos, Inc., each potentially tailored to different groups of nonemployee directors or with variations in terms and conditions. However, without specific information about such variations, it is not possible to provide a detailed description of each type.