Keywords: Phoenix Arizona, Proposed Stock Option and Award Plan, Fresco Inc., types Description: Phoenix, Arizona is a vibrant city located in the southwest part of the United States. Known for its warm climate and stunning desert landscapes, Phoenix serves as the capital of Arizona and is filled with a variety of attractions, including cultural and historical landmarks, outdoor recreational opportunities, and a thriving business community. Fresco, Inc., a reputable company based in Phoenix, Arizona, has proposed a Stock Option and Award Plan aimed at providing its employees with additional incentives and rewards. This plan is designed to motivate and retain talented professionals within the organization, while also promoting shareholder value and long-term growth. The Phoenix Arizona Proposed Stock Option and Award Plan of Fresco, Inc. offers various types of options and awards, each tailored to meet different needs and preferences of the employees. These include: 1. Stock Options: — Non-qualified Stock Options: these options provide employees with the right to purchase company stock at a predetermined price within a specified period. They typically have more flexibility in terms of exercise timing and taxation. — Incentive Stock Options: these options also grant employees the right to purchase stock but offer potential tax advantages. They have specific requirements under the Internal Revenue Code, such as a maximum exercise price and holding periods. 2. Restricted Stock Units (RSS): RSSUs represent an award of company stock that is granted to employees but comes with certain restrictions. These restrictions may include vesting requirements, meaning the stock units only become fully owned by the employee after a specified period of time or upon achieving specific performance goals. 3. Performance Stock Units (Plus): PlusUs are similar to RSUs but are granted based on the achievement of predetermined performance metrics. The number of units awarded is determined by the company's performance, and employees receive them once the goals are met. Fresco, Inc.'s Phoenix Arizona Proposed Stock Option and Award Plan aim to attract, engage, and reward employees by providing them with the opportunity to share in the company's success. Through various options and awards, the plan aligns the interests of the employees with that of the organization's shareholders and ensures the long-term growth and prosperity of both.