|Stock Incentive Plan: / Agreements
The purpose of the stock incentive plan is to provide stock options and other equity interests in the corporation to employees, officers, directors, consultants, and advisors of the corporation and its subsidiaries, all of whom are eligible to receive awards under the plan. Any person to whom an award has been granted under the plan called a participant. Our plan is in full accordance with the Internal Revenue Code of 1986. The fee for this plan begins at 395 dollars.
Of course a stock incentive plan also needs a stock option agreement to make it complete. We offer an incentive stock option agreement; a nonqualified stock option agreement; and a warrant agreement.
- For an option to qualify as an incentive stock option, the exercise price per share must be at least equal to the fair market value of the corporation’s stock on the date of grant determined in accordance with the regulations promulgated under section 422 of the internal revenue code. This and all other requirements are met under our incentive stock option agreement. Our fee for this agreement begins at 350 dollars.
- A Nonqualified Stock Option agreement may be created for you when the desired exercise price is less than the fair market value of the corporation’s stock. The stock holders need to understand there will be section 409A tax issues under such an agreement and should work with their tax advisor to plan accordingly. Our fee for this agreement begins at 425 dollars.
- A Warrant Agreement allows a prospective purchaser an option to purchase future stock within a set period of time before forfeiting said option. Our fee for this agreement starts at 250 dollars.