Trini49

Have tried reading the circular but its just beyond my payscale.

Here is what a Chat GPT search provided when asked for some information on a omnibus plan in general terms.

"In an omnibus plan, the specific details of stock options, including the exercise price, can still be included. While an omnibus plan allows for greater flexibility in offering various types of equity-based awards beyond stock options, it doesn't eliminate the possibility of including stock options as part of the plan.

If an omnibus plan includes stock options, the exercise price is still a key component. The exercise price is typically set at the fair market value of the company's stock on the date of grant or at a price determined by the board of directors. Employees would still need to pay the exercise price to acquire the underlying shares when they choose to exercise their stock options.

The main difference between an omnibus plan and a regular option plan lies in the broader scope of the omnibus plan. An omnibus plan encompasses a range of equity-based awards beyond stock options, such as restricted stock units (RSUs), stock appreciation rights (SARs), or performance-based shares. It allows companies to provide a more comprehensive equity compensation program to employees and other eligible individuals.

While stock options can be a component of both omnibus plans and regular option plans, the omnibus plan provides more flexibility to incorporate other forms of equity-based awards and eligibility criteria. This allows for a more tailored approach to compensation and aligning employee incentives with the company's goals.