Riverside California Amended and Restated Stock Option Plan of L. Luria and Son, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• Control #: US-CC-18-256
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The Riverside California Amended and Restated Stock Option Plan of L. Luria and Son, Inc., is a comprehensive and beneficial program designed to provide stock options to eligible employees of the company. This plan aims to incentivize and reward employees by offering them the opportunity to purchase company stock at a predetermined price within a specified time frame. The Riverside California Amended and Restated Stock Option Plan comprises various types or categories of options that cater to different employee levels and terms. These options include: 1. Non-Qualified Stock Options (Nests): These are stock options granted to employees that do not meet the requirements of the Internal Revenue Code's Section 422. Nests provide employees the right to purchase company stock at a predetermined price during a specific exercise period. 2. Incentive Stock Options (SOS): These stock options are granted to employees who meet the requirements outlined by the Internal Revenue Code's Section 422. SOS offer certain tax advantages to eligible employees as long as they hold the stock for a specific period before selling. 3. Restricted Stock Units (RSS): RSS are a form of stock-based compensation where employees are granted a promise to receive a specified number of shares of company stock at a predetermined future date or upon achieving certain performance milestones. 4. Performance Stock Units (Plus): Plus are another type of stock-based compensation that is contingent upon the achievement of pre-established company performance goals or specific targets. If the goals are met, employees are granted shares of company stock. 5. Employee Stock Purchase Plan (ESPN): ESPN is an employee benefit program that allows eligible employees to purchase company stock at a discounted price through payroll deductions. This plan offers employees the opportunity to participate and invest in the company's growth. The Riverside California Amended and Restated Stock Option Plan of L. Luria and Son, Inc., is designed to align the interests of employees with those of the company, fostering employee loyalty, motivation, and long-term engagement. It aims to attract and retain talented individuals by providing them with a valuable opportunity to benefit from the company's success through stock ownership.

The Riverside California Amended and Restated Stock Option Plan of L. Luria and Son, Inc., is a comprehensive and beneficial program designed to provide stock options to eligible employees of the company. This plan aims to incentivize and reward employees by offering them the opportunity to purchase company stock at a predetermined price within a specified time frame. The Riverside California Amended and Restated Stock Option Plan comprises various types or categories of options that cater to different employee levels and terms. These options include: 1. Non-Qualified Stock Options (Nests): These are stock options granted to employees that do not meet the requirements of the Internal Revenue Code's Section 422. Nests provide employees the right to purchase company stock at a predetermined price during a specific exercise period. 2. Incentive Stock Options (SOS): These stock options are granted to employees who meet the requirements outlined by the Internal Revenue Code's Section 422. SOS offer certain tax advantages to eligible employees as long as they hold the stock for a specific period before selling. 3. Restricted Stock Units (RSS): RSS are a form of stock-based compensation where employees are granted a promise to receive a specified number of shares of company stock at a predetermined future date or upon achieving certain performance milestones. 4. Performance Stock Units (Plus): Plus are another type of stock-based compensation that is contingent upon the achievement of pre-established company performance goals or specific targets. If the goals are met, employees are granted shares of company stock. 5. Employee Stock Purchase Plan (ESPN): ESPN is an employee benefit program that allows eligible employees to purchase company stock at a discounted price through payroll deductions. This plan offers employees the opportunity to participate and invest in the company's growth. The Riverside California Amended and Restated Stock Option Plan of L. Luria and Son, Inc., is designed to align the interests of employees with those of the company, fostering employee loyalty, motivation, and long-term engagement. It aims to attract and retain talented individuals by providing them with a valuable opportunity to benefit from the company's success through stock ownership.