The Fulton Georgia Nonemployee Directors Nonqualified Stock Option Plan of Cocos, Inc. is a compensation program specifically designed for nonemployee directors of this corporation. This plan allows nonemployee directors to receive stock options as a form of incentive and reward for their dedicated service to the company. Under this plan, nonemployee directors have the opportunity to purchase a specific number of shares of Cocos, Inc. stock at a predetermined price, which is typically set at fair market value on the date of the grant. These stock options provide nonemployee directors with the potential to benefit from the future growth and success of the company. The purpose of the Fulton Georgia Nonemployee Directors Nonqualified Stock Option Plan is to align the interests of nonemployee directors with those of the shareholders. By offering stock options, Cocos, Inc. seeks to motivate and retain talented individuals who bring their expertise and insights to the board of directors. It is important to note that there may be different types or variations of the Fulton Georgia Nonemployee Directors Nonqualified Stock Option Plan, as each plan can be tailored to meet the specific needs and circumstances of the company. These variations may include different provisions regarding the number of stock options granted, the vesting schedule, or the exercise price. In conclusion, the Fulton Georgia Nonemployee Directors Nonqualified Stock Option Plan of Cocos, Inc. serves as a valuable compensation tool that rewards nonemployee directors for their contributions to the company's success. By providing stock options, Cocos, Inc. aims to attract and retain talented individuals to serve on its board of directors.