Think Legal, P.C., offers its clients a California nonstatutory stock option plan that provides the board of directors and critical, independent contractors of a business long-term to remain engaged with the company. A California nonstatutory stock option plan Think Legal, P.C., provides offers the following advantages over an incentive stock option plan:
- No price restrictions;
- No exercise period restrictions; and
- No holding period restrictions.
Another typical use of a California nonstatutory stock option plan Think Legal, P.C., drafts provides an alternative means of compensation to the directors and independent contractors, which allows start-ups and growing businesses to compete for the highest quality talent at times when conserving cash is at a premium.