The Wake North Carolina Stock Option Plan of Star States Corporation is a comprehensive employee benefit program that offers stock option benefits to eligible employees of the company. This plan has been designed to incentivize and reward employees for their contributions towards the growth and success of the corporation. Key features of the Wake North Carolina Stock Option Plan include flexibility, attractive options, and various types to suit different employee needs. By participating in this program, employees have the opportunity to purchase company stocks at a predetermined price, known as the exercise price, within a specified period. This enables them to own a stake in the corporation's future financial performance. The Wake North Carolina Stock Option Plan is available in different types to cater to the diverse needs of Star States Corporation employees. These types include: 1. Non-Qualified Stock Options (Nests): These options do not meet the requirements for special tax treatment and are often granted to executives or key employees. Nests offer flexibility, allowing employees to exercise their options at any time during the plan. 2. Incentive Stock Options (SOS): Aimed at motivating employees to contribute to the company's long-term success, SOS offer potential tax advantages. Employees can exercise these options and potentially enjoy preferential tax treatment if certain requirements are met. 3. Restricted Stock Units (RSS): An alternative to stock options, RSS grant employees a right to receive company shares in the future based on certain vesting criteria. RSS help retain employees, as they are entitled to receive stock at a future date or when specific performance milestones are achieved. 4. Performance-Based Stock Options: These options are tied explicitly to the company's performance indicators, such as revenue targets, profitability goals, or market share growth. Performance-based stock options provide an additional means to motivate employees and align their interests with the corporation's overall success. Star States Corporation is dedicated to providing comprehensive employee benefits through its Wake North Carolina Stock Option Plan. It aims to attract and retain top talent, foster employee loyalty, and align employees' interests with the company's financial performance. With different stock option types available, employees of Star States Corporation can choose the option that best suits their financial goals and aspirations, contributing to the long-term success of both the corporation and its workforce.