IDAHO STOCK OPTION AGREEMENT OF VIA INTERNET, INC. The Idaho Stock Option Agreement of VIA Internet, Inc. is a legally binding document that outlines the terms and conditions under which employees, consultants, or other eligible individuals can purchase stocks of VIA Internet, Inc. This agreement allows the grant of stock options as a part of the compensation package for individuals associated with the company. VIA Internet, Inc. is a technology company specializing in internet-based services, with its headquarters in Idaho. Its stock option agreement provides employees and consultants an opportunity to acquire company shares at a predetermined price, also known as the exercise price or strike price. The options typically have an expiration period, after which they become void if not exercised. Different Types of Idaho Stock Option Agreements for VIA Internet, Inc.: 1. Employee Stock Option Agreements: These agreements are designed specifically for VIA Internet, Inc.'s employees and outline the terms and conditions for employees to exercise their stock options. These options may be subject to vesting schedules, where the employee can only exercise a certain percentage of options after a specific period of employment. 2. Consultant Stock Option Agreements: VIA Internet, Inc. may also offer stock options to its consultants or independent contractors as a part of their compensation. These agreements establish the terms under which the consultants can exercise their options in exchange for their services. 3. Incentive Stock Option Agreements: These agreements grant stock options that qualify as "incentive stock options" under the U.S. tax code, specifically the Internal Revenue Code Section 422. Incentive stock options provide potential tax advantages to recipients if certain holding period and employment requirements are met. 4. Non-Qualified Stock Option Agreements: Non-qualified stock options do not meet the requirements set by the IRS for incentive stock options. These agreements offer stock options with more flexibility but may potentially subject the recipient to additional tax liabilities. Key elements typically included in the Idaho Stock Option Agreement of VIA Internet, Inc. are: 1. Grant of Stock Options: This section describes the number of options being granted, the exercise price, and any specific vesting schedules or conditions. 2. Exercise Period: The agreement sets a period during which the recipient can exercise their options, typically after vesting milestones are achieved or within a specified timeframe. 3. Terms and Conditions: These provisions outline the restrictions, limitations, and regulations associated with the exercise of stock options, including any blackout periods, transfer restrictions, or required shareholder approvals. 4. Tax Implications: The agreement may include details regarding tax treatment as per applicable laws, especially if it involves incentive stock options. 5. Termination or Expiration: In case of termination or expiration of the option agreement, the terms for how exercised options are handled are defined. It's important to note that the specific contents and details of the Idaho Stock Option Agreement of VIA Internet, Inc. may vary depending on the company's policies, applicable laws, and individual circumstances. Consulting legal or financial professionals is highly recommended when drafting or reviewing such agreements.