The King Washington Stock Option Plan for Nonemployee Directors of Cameo International, Inc. is an incentive program aimed at attracting and retaining talented individuals to serve as directors on the board of Cameo International, Inc. This stock option plan provides nonemployee directors with an opportunity to acquire ownership of the company's stock through the issuance of stock options. Under the King Washington Stock Option Plan, nonemployee directors are granted stock options that give them the right to purchase a certain number of shares of Cameo International, Inc. stock at a predetermined price, known as the exercise price. These stock options typically have a specific duration within which the options must be exercised. One of the key objectives of this plan is to align the interests of nonemployee directors with those of the shareholders, as the value of the stock options will be determined by the performance and success of Cameo International, Inc. Nonemployee directors have an incentive to contribute to the company's growth and profitability. The stock options granted under the plan may be subject to certain conditions, such as vesting requirements. Vesting refers to the gradual acquisition of ownership rights over a specific period of time. Different vesting schedules may be implemented to stagger the acquisition of stock options and incentivize long-term service and commitment to the company. Furthermore, the King Washington Stock Option Plan for Nonemployee Directors of Cameo International, Inc. may include different types of stock options, depending on the needs and goals of the company. Some common types of stock options include incentive stock options (SOS) and nonqualified stock options (Nests). SOS provide potential tax advantages to nonemployee directors, while Nests offer more flexibility in terms of exercise price and timing. The King Washington Stock Option Plan for Nonemployee Directors of Cameo International, Inc. aims to attract experienced and skilled individuals to serve on the board by providing them with an opportunity to gain a financial stake in the company's success. By offering stock options, the plan aligns the interests of nonemployee directors with those of the shareholders, fostering a commitment to long-term value creation and shareholder prosperity.