San Bernardino California Stock Option Agreement of Interwar, Inc. is a legal document that outlines the terms and conditions of stock options granted to employees or key individuals associated with the company. This agreement serves as a crucial component of the company's compensation plan and allows employees to purchase a specific number of shares at a predetermined price, within a defined period. Interwar, Inc., a technology company based in San Bernardino, California, offers various types of stock option agreements to attract and retain talented individuals. The different types of stock options offered by the company include: 1. Incentive Stock Options (SOS): SOS are designed to provide tax benefits to employees by qualifying under the Internal Revenue Code (IRC) Section 422. Employees who hold SOS for more than one year before selling the shares can potentially receive favorable long-term capital gains tax treatment. 2. Non-Qualified Stock Options (Nests): Nests do not qualify for the tax advantages offered by SOS. With Nests, employees have the flexibility to exercise their options at any time, even before the vesting period, but they may be subject to ordinary income tax rates upon exercising the options. 3. Restricted Stock Units (RSS): RSS are a form of equity compensation where employees receive a promise to receive shares of Interwar, Inc. stock at a specific future date, known as the vesting date. Employees do not have to pay anything to acquire RSS, and upon vesting, the shares are typically subject to income tax. The San Bernardino California Stock Option Agreement ensures that all terms and conditions related to the stock options granted are clearly defined. It includes details such as the number of shares granted, the exercise price, vesting schedule, expiration date, and any restrictions or conditions associated with the options. Employees or option holders must carefully review and understand the Agreement before signing it, as it governs their rights and obligations regarding the stock options. By providing stock options, Interwar, Inc. aims to motivate and reward employees while aligning their interests with the company's long-term growth and success. Please note that this description is a general overview and may not cover all the specific details of the San Bernardino California Stock Option Agreement of Interwar, Inc. It is always recommended consulting with legal professionals or review the actual agreement for accurate and complete information.