Lima Arizona Nonqualified Stock Option Plan of MIX Carriers, Inc. is a comprehensive compensation program extended to employees that offers nonqualified stock options as a means of incentivizing and rewarding their contributions to the company's success. These options provide employees with the opportunity to purchase company stocks at a predetermined price, generally lower than the market value, within a specified period. The Lima Arizona Nonqualified Stock Option Plan aims to attract, motivate, and retain top talent by aligning their interests with the company's growth and financial performance. This plan grants employees the right to buy a specified number of shares of MIX Carriers, Inc. stock over a predetermined period, typically within 10 years. The exercise price is established at the date of grant and remains fixed, providing employees with the potential for significant appreciation if the stock value increases. By participating in the Lima Arizona Nonqualified Stock Option Plan, employees have the opportunity to share in the company's success and benefit from the long-term value creation. When the stock options are exercised, employees may choose to sell their shares on the open market or hold them, allowing for potential additional gains as the company continues to prosper. MIX Carriers, Inc. may offer different types of nonqualified stock options under the Lima Arizona Nonqualified Stock Option Plan to cater to the needs of its diverse workforce. These may include: 1. Standard Stock Options — These options grant employees the right to purchase company stocks at the predetermined exercise price after a certain vesting period. They are typically subject to specific terms and conditions that govern their exercise, transferability, and expiration. 2. Incentive Stock Options (SOS) SOSOs are a specific type of nonqualified stock options that may offer certain tax advantages to employees. These options are subject to various regulatory requirements, including a maximum exercise price and holding periods, to qualify for favorable tax treatment. It is important for employees to thoroughly understand the terms of the Lima Arizona Nonqualified Stock Option Plan, including vesting schedules, exercise periods, and any restrictions or limitations that apply to the stock options. Consulting with a financial advisor or reviewing the plan documents can provide employees with the necessary information to make informed decisions about their stock options and potential long-term financial benefits. Disclaimer: The content provided here is for informational purposes only and should not be considered as financial or legal advice. Employees should consult an appropriate professional to obtain specific guidance related to their own circumstances and the Lima Arizona Nonqualified Stock Option Plan of MIX Carriers, Inc.