The Chicago Illinois Amended and Restated Stock Option Plan of L. Luria and Son, Inc. is a comprehensive employee benefit program offered by the company to its employees. This plan aims to provide eligible individuals with the opportunity to purchase company stock at a predetermined price within a specified timeframe. The Chicago Illinois Amended and Restated Stock Option Plan offers various types of stock options to meet the diverse needs of the employees. These options include: 1. Non-Qualified Stock Options: These stock options allow employees to purchase company stock at a predetermined price, regardless of the current market value. Non-qualified stock options may have different vesting schedules and expiry dates, providing flexibility for the employees. 2. Incentive Stock Options: Unlike non-qualified stock options, incentive stock options (SOS) provide certain tax advantages to eligible employees. SOS offer the right to purchase company stock at a predetermined price but with additional requirements, such as holding the stock for a specific period of time. 3. Restricted Stock Units (RSS): RSS are a form of stock-based compensation offered to employees, granting them the right to receive company stock after a vesting period. RSS is different from traditional stock options as they do not require any upfront payment but provide long-term incentives for the employees. 4. Performance-Based Stock Options: This type of option is directly tied to the company's performance metrics or specific goals. Employees will receive the stock options as a reward based on predetermined performance criteria, encouraging them to contribute to the company's success. The Chicago Illinois Amended and Restated Stock Option Plan of L. Luria and Son, Inc. is designed to attract and retain talent by aligning employees' interests with the company's growth. This plan not only provides financial benefits but also acts as a motivational tool for employees, creating a sense of ownership and loyalty towards the company.
Chicago Illinois Amended and Restated Stock Option Plan of L. Luria and Son, Inc.
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