The Oakland Michigan Executive Stock Incentive Plan of Onto Limited is a comprehensive compensation program designed specifically for the executives of Onto Limited, a prominent company based in Oakland, Michigan. This plan aims to attract and retain top-tier executives by offering them various equity incentives and opportunities to enhance their financial well-being and align their interests with the company's long-term growth objectives. Under the Oakland Michigan Executive Stock Incentive Plan, eligible executives are granted stock options, restricted stock units (RSS), and performance-based equity awards. These incentives aim to motivate and reward executives for their outstanding performance, fostering a sense of ownership and commitment to the success of Onto Limited. Stock options granted as part of the plan give executives the right to purchase a certain number of company shares at a predetermined exercise price. RSS, on the other hand, grant executives a specific number of company shares once certain vesting conditions are met. Performance-based equity awards are tied to the achievement of predetermined financial or operational goals, ensuring executives are driven to meet and exceed company targets. By offering these different types of equity incentives, Onto Limited provides its executives with multiple avenues to accrue wealth and benefit from the company's success. The Oakland Michigan Executive Stock Incentive Plan enhances the overall compensation package for eligible executives, helping attract top talent in the competitive market and encouraging executives to stay committed to the long-term growth and prosperity of Onto Limited. In summary, the Oakland Michigan Executive Stock Incentive Plan of Onto Limited is a robust compensation program that grants eligible executives stock options, RSS, and performance-based equity awards. These incentives aim to reward outstanding performance, align executives' interests with the company's growth objectives, and ensure the long-term success and stability of Onto Limited.