Nebraska Amended and Restated Stock Option Plan of L. Luria and Son, Inc. is a comprehensive program designed to grant stock options to employees and executives of the company. These stock options provide individuals with the opportunity to purchase shares of L. Luria and Son, Inc. stock at a predetermined price. The plan aims to motivate and incentivize employees by aligning their interests with the long-term success of the company. It is a valuable tool for attracting and retaining top talent, as well as promoting employee loyalty and commitment. This Amended and Restated Stock Option Plan incorporates specific provisions that are relevant to the state of Nebraska. It adheres to the state laws and regulations governing stock option plans, ensuring compliance with all legal requirements. The plan offers different types of stock options, granting participants varying rights and benefits. Some notable types include: 1. Non-Qualified Stock Options: These options are available to all eligible employees and executives, providing flexibility in terms of exercising and selling the acquired stock. 2. Incentive Stock Options: These options are granted in accordance with the guidelines outlined in the Internal Revenue Code. They offer potential tax advantages for employees if certain conditions are met, such as holding the stock for a specific period of time. 3. Performance-Based Stock Options: These options are tied to specific performance metrics set by the company. Employees may be granted additional stock options if predetermined milestones or goals are achieved. 4. Restricted Stock Units: These units represent a promise to deliver company stock at a designated future date. Restricted stock units are typically subject to vesting requirements, promoting employee retention for a certain period of time. Participants of the Nebraska Amended and Restated Stock Option Plan have access to detailed information regarding their stock options, including the exercise price, vesting schedule, and any additional terms and conditions. The plan is regularly reviewed and updated to ensure it remains competitive, compliant, and that it continues to align employee interests with the company's objectives. Disclaimer: The content above is generated by AI, and it is important to note that while it strives to provide accurate and up-to-date information, it should not be considered legal or financial advice. Always consult with a qualified professional for guidance on stock option plans.