King Washington Stock Option Plan - Permits Optionees to Transfer Stock Options to Family Members or Other Persons for Estate Planning Purposes

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• Control #: US-CC-18-243
• Format: Word; Rich Text

Description

18-243 18-243 . . . Stock Option Plan which provides for grant of Incentive Stock Options or Non-qualified Stock Options. Plan permits optionees to transfer stock options to family members or other persons for estate planning purposes as permitted by August 15, 1996 amendment to Rule 16b-3 under Securities Exchange Act of 1934 The King Washington Stock Option Plan is a unique and flexible program that allows options to transfer their stock options to family members or other individuals for estate planning purposes. This specially designed plan is intended to provide individuals with a means to efficiently transfer their stock options in order to maximize the value of their estate and ensure a smooth transition of ownership. The primary objective of the King Washington Stock Option Plan is to enable options to optimize their estate planning strategies by leveraging the value of their stock options. By permitting the transfer of stock options, individuals can effectively pass on these valuable assets to their loved ones or other designated persons, providing them with a potential financial benefit in the future. There are several types of King Washington Stock Option Plans that cater to different estate planning needs: 1. Family Transfer Plan: This option allows options to transfer their stock options exclusively to immediate family members, such as spouses, children, or grandchildren. By doing so, options can maintain control over their assets while ensuring a seamless transfer to their family members. 2. Trustee Transfer Plan: This plan permits options to transfer their stock options to a trustee who manages the assets on behalf of designated beneficiaries. This type of plan offers more control and oversight, making it ideal for individuals who want to ensure their stock options are distributed according to specific terms or conditions. 3. Charitable Transfer Plan: Under this plan, options can transfer their stock options to eligible charitable organizations. This allows individuals to support causes they are passionate about while potentially receiving tax benefits. 4. Multiple Beneficiary Transfer Plan: This option enables options to transfer their stock options to multiple beneficiaries, including both family members and other individuals. This plan is suitable for those who wish to distribute their assets more widely or have specific persons in mind who are not immediate family members. The King Washington Stock Option Plan — PermitOptionses to Transfer Stock Options to Family Members or Other Persons for Estate Planning Purposes provides individuals with an effective strategy to preserve and transfer the value of their stock options. Whether the goal is to support family members, make charitable contributions, or ensure a smooth transition to multiple beneficiaries, this plan offers a versatile solution for estate planning needs.

The King Washington Stock Option Plan is a unique and flexible program that allows options to transfer their stock options to family members or other individuals for estate planning purposes. This specially designed plan is intended to provide individuals with a means to efficiently transfer their stock options in order to maximize the value of their estate and ensure a smooth transition of ownership. The primary objective of the King Washington Stock Option Plan is to enable options to optimize their estate planning strategies by leveraging the value of their stock options. By permitting the transfer of stock options, individuals can effectively pass on these valuable assets to their loved ones or other designated persons, providing them with a potential financial benefit in the future. There are several types of King Washington Stock Option Plans that cater to different estate planning needs: 1. Family Transfer Plan: This option allows options to transfer their stock options exclusively to immediate family members, such as spouses, children, or grandchildren. By doing so, options can maintain control over their assets while ensuring a seamless transfer to their family members. 2. Trustee Transfer Plan: This plan permits options to transfer their stock options to a trustee who manages the assets on behalf of designated beneficiaries. This type of plan offers more control and oversight, making it ideal for individuals who want to ensure their stock options are distributed according to specific terms or conditions. 3. Charitable Transfer Plan: Under this plan, options can transfer their stock options to eligible charitable organizations. This allows individuals to support causes they are passionate about while potentially receiving tax benefits. 4. Multiple Beneficiary Transfer Plan: This option enables options to transfer their stock options to multiple beneficiaries, including both family members and other individuals. This plan is suitable for those who wish to distribute their assets more widely or have specific persons in mind who are not immediate family members. The King Washington Stock Option Plan — PermitOptionses to Transfer Stock Options to Family Members or Other Persons for Estate Planning Purposes provides individuals with an effective strategy to preserve and transfer the value of their stock options. Whether the goal is to support family members, make charitable contributions, or ensure a smooth transition to multiple beneficiaries, this plan offers a versatile solution for estate planning needs.