The Kings New York Stock Option Plan is an integral part of Loewenstein Furniture Group, Inc.'s compensation package offered to its employees. This plan provides eligible employees with the opportunity to purchase company stock at a predetermined price, allowing them to potentially benefit from the company's future growth and success. Loewenstein Furniture Group, Inc. has established different types of Kings New York Stock Option Plans to cater to the various needs of its employees. These plans are designed to align the interests of employees with those of the company, promoting long-term commitment and motivation among the workforce. Let's explore some notable variations of the Kings New York Stock Option Plan offered by the company: 1. The Kings New York Incentive Stock Option Plan: This plan is specifically designed for key employees and executives, aiming to provide them with additional incentives to drive the company's growth. Incentive stock options generally offer favorable tax treatment, with potential capital gains taxed at a lower rate. 2. The Kings New York Non-Qualified Stock Option Plan: Unlike the Incentive Stock Option Plan, this variation is available to a broader group of employees and does not necessarily meet the criteria set by the Internal Revenue Service (IRS) for preferential tax treatment. Non-qualified stock options offer more flexibility in terms of granting options and are a popular choice when designing employee stock ownership plans. 3. The Kings New York Employee Stock Purchase Plan (ESPN): In addition to traditional stock option plans, Loewenstein Furniture Group, Inc. may offer an ESPN to its employees. Under this plan, employees have the opportunity to purchase company stock at a discounted price, often through payroll deductions over a specified period. The ESPN aims to encourage long-term employee investment in the company by providing an affordable and straightforward way to acquire company shares. These variations of the Kings New York Stock Option Plan aim to attract and retain top talent, fostering a sense of ownership and dedication among employees while linking their individual success to the company's overall performance. By providing employees with the opportunity to become shareholders and potentially share in the company's financial success, Loewenstein Furniture Group, Inc. aims to create a mutually beneficial relationship that drives growth and enhances overall employee satisfaction.