The Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc. is a comprehensive employee benefits program designed to provide stock options to eligible employees of the company. This plan has been revised and updated to ensure its compliance with Rhode Island state laws and regulations. Keywords: Rhode Island, Amended and Restated Stock Option Plan, L. Luria and Son, Inc., employee benefits, stock options, eligible employees, compliance, state laws, regulations. Types of Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc.: 1. Regular Stock Option Plan: The regular stock option plan is the standard offering under the Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc. It allows eligible employees to purchase company stocks at a predetermined price within a specified timeframe. 2. Incentive Stock Option Plan: The incentive stock option plan is an additional component of the Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc. This plan offers tax advantages to eligible employees as they have the opportunity to buy company stocks at a discounted price, potentially leading to capital gains upon selling the stocks. 3. Non-Qualified Stock Option Plan: The non-qualified stock option plan is another variant of the Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc. It is designed for employees who may not meet the eligibility criteria for the incentive stock option plan. This plan has fewer tax advantages but still provides an opportunity for employees to purchase company stocks. 4. Director Stock Option Plan: The Director Stock Option Plan is specifically tailored for directors of L. Luria and Son, Inc. This plan grants eligible directors the right to purchase company stocks at a predetermined price, enabling them to have a stake in the company's performance and success. The different types of stock option plans within the Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc. cater to various employee categories and situations. These plans support the company's goal of enhancing employee participation and aligning their interests with the overall growth and success of L. Luria and Son, Inc.
Rhode Island Amended and Restated Stock Option Plan of L. Luria and Son, Inc.
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