How to do the equity incentive plan when traditional enterprises transform to the Internet?

Employee option incentive will go through four steps: grant, expiration, exercise and realization.

Grant, that is, the company signs an option agreement with employees, stipulating the basic conditions for employees to obtain options.

Maturity means that after employees meet the agreed conditions, mainly the service period or work performance indicators, they can choose to pay the exercise right and convert the options into stocks.

Exercise, that is, employees pay for options and complete the leap from options to stocks.

Liquidation, that is, after employees acquire shares, they will participate in the company's growth income by selling them in the open market, or by participating in the price distribution of company mergers and acquisitions, or by distributing the company's dividends.