The Wake North Carolina Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This stock plan provides an opportunity for nonemployee directors to own shares of Jacob Communications, Inc. and align their interests with those of the company's shareholders. Under the Wake North Carolina Nonemployee Directors Stock Plan, nonemployee directors have the ability to acquire and hold restricted shares of Jacob Communications, Inc.'s common stock. These restricted shares are typically granted as part of the director's compensation package and are subject to certain vesting conditions. By participating in this stock plan, nonemployee directors can benefit from the potential appreciation in the value of Jacob Communications, Inc.'s common stock over time. This arrangement serves as a valuable incentive for directors to contribute their expertise, experience, and insights in assisting the company in achieving its strategic objectives. The Wake North Carolina Nonemployee Directors Stock Plan of Jacob Communications, Inc. encourages long-term commitment and engagement among nonemployee directors. It fosters a sense of ownership and accountability as directors hold a tangible stake in the company's success. This stock plan also allows nonemployee directors to share in the future growth and profitability of Jacob Communications, Inc. Jacob Communications, Inc. may offer different variations or types of the Wake North Carolina Nonemployee Directors Stock Plan to cater to the specific needs and circumstances of its nonemployee directors. These variations may include different vesting schedules, performance-based stock grants, or other equity vehicles to further align the interests of directors with the company's strategic goals. In conclusion, the Wake North Carolina Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed to attract and retain talented nonemployee directors by offering them an opportunity to own shares in the company. This stock plan serves as an effective means to align the interests of nonemployee directors with the long-term success of Jacob Communications, Inc.