The Lima Arizona Incentive and Nonqualified Share Option Plan is a comprehensive employee benefit program offered by companies operating in the Lima, Arizona area. This plan allows employees to acquire company shares at a predetermined price, providing them with a unique opportunity to take part in the company's success and growth. The Lima Arizona Incentive and Nonqualified Share Option Plan is designed to motivate and retain employees by rewarding them based on their performance and dedication. By offering both incentive and nonqualified share options, employees are provided with different ways to participate in the company's ownership and financial success. Incentive Stock Options (SOS) are an integral part of the Lima Arizona Incentive and Nonqualified Share Option Plan. These options give eligible employees the right to purchase company stock at a specific price, typically below the market value, within a specified time frame. SOS offer tax advantages, as they may qualify for preferential tax treatment upon exercise and sale. Nonqualified Stock Options (SOS) are another component of the plan. These options are typically granted to a broader group of employees, including executives, consultants, and non-employee directors. SOS do not qualify for the same tax advantages as SOS but can still provide employees with a valuable opportunity to purchase company shares at a predetermined price. The Lima Arizona Incentive and Nonqualified Share Option Plan offers employees flexibility in terms of when and how they exercise their options. Employees can choose to exercise their options immediately or wait until a later date, depending on their financial situation and market conditions. Once employees exercise their options, they become shareholders of the company, allowing them to benefit from any future increase in the company's share price. This aspect of the plan aligns the interests of employees and shareholders, fostering a sense of ownership and motivation within the workforce. The Lima Arizona Incentive and Nonqualified Share Option Plan is a valuable tool for companies seeking to attract and retain top talent in the competitive business landscape of Lima, Arizona. By offering employees the opportunity to share in the company's success, this plan serves as a powerful incentive for employees to contribute their best efforts towards the company's growth and profitability.