Wayne Michigan Stock Option Agreement of charge. Com, Inc. is a legal document that outlines the terms and conditions of stock options offered to employees or key stakeholders of the company located in Wayne, Michigan. This agreement provides individuals with the opportunity to purchase company stocks at a specified price within a predetermined timeframe. Stock options are a common form of equity compensation that reward employees for their contribution to the company's growth and success. By issuing stock options, charge. Com, Inc. aims to align the interests of its employees and stakeholders with those of the company, encouraging them to work towards increasing shareholder value. The Wayne Michigan Stock Option Agreement typically includes key provisions such as the number of stock options granted, the vesting schedule (the period over which options become exercisable), the exercise price (the predetermined price at which the option can be exercised), and the expiration date (the date after which the options become void). Additionally, the agreement may outline the conditions under which stock options can be exercised, such as upon the achievement of certain performance goals, the termination of employment, or the occurrence of specific events, such as a merger or acquisition. Different types of stock option agreements that can exist within charge. Com, Inc. may include: 1. Non-Qualified Stock Options (SOS): These are the most common type of stock options and are available to both employees and non-employee stakeholders. SOS do not qualify for preferential tax treatment and are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are typically granted to employees and can provide tax advantages if certain requirements are met. Employees who exercise SOS may be eligible for preferential tax treatment, including potential tax deferral until the stocks are sold. 3. Restricted Stock Units (RSS): While technically not stock options, RSS are another form of equity compensation that can be offered to employees. RSS are typically subject to a vesting period, and once vested, they convert into shares of company stock. 4. Performance Stock Options (SOS): These stock options are granted based on the achievement of predetermined performance metrics or milestones. If the specified goals are met, employees are granted the option to purchase company stock at a predetermined price. It's important to note that the specific terms and types of stock option agreements offered by charge. Com, Inc. may vary and should be carefully reviewed by individuals who are considering participating in the stock option program.