A Nonqualified Stock Option Agreement is a legal document that governs the terms and conditions of stock options issued by N(2)H(2), Inc., a company located in San Bernardino, California. Stock options are a form of compensation commonly used by companies to incentivize and reward their employees. The Nonqualified Stock Option Agreement outlines important details such as the number of stock options granted, the exercise price, the vesting schedule, and the expiration date. It also defines the rights and responsibilities of both the company and the employee. There are different types of Nonqualified Stock Option Agreements that N(2)H(2), Inc. may offer to its employees. These can be categorized based on various criteria, such as: 1. Employee Level: N(2)H(2), Inc. may have Nonqualified Stock Option Agreements specific to different employee levels or positions within the company. For example, they might have agreements tailored for executives, managers, or employees with different job titles. 2. Exercise Price: Nonqualified Stock Option Agreements could have different exercise prices depending on the terms set by N(2)H(2), Inc. The exercise price is the amount an employee will pay per share when they exercise their stock options. 3. Vesting Schedule: The agreement may have different vesting schedules, which determine when the employee can exercise their stock options. Vesting schedules can be time-based, performance-based, or a combination of both. 4. Expiration Date: Nonqualified Stock Option Agreements have a specific expiration date, which is the deadline for employees to exercise their stock options. There might be different agreements with varying expiration dates, allowing employees to exercise options within different timeframes. It is important for employees to thoroughly review and understand the terms and conditions of their Nonqualified Stock Option Agreement with N(2)H(2), Inc. It is advised to consult with a legal professional to ensure complete comprehension and compliance with all the details outlined in the agreement.