Washington Securities Law Exemption Equity Incentive Awards

RCW 21.20.310(10):

(10) Any security issued in connection with an employee’s stock purchase, savings, pension, profit-sharing, or similar benefit plan if:

(a) The plan meets the requirements for qualification

as a pension, profit sharing, or stock bonus plan under section 401 of the internal revenue code,

as an incentive stock option plan under section 422 of the internal revenue code,

as a nonqualified incentive stock option plan adopted with or as a supplement to an incentive stock option plan under section 422 of the internal revenue code, or

as an employee stock purchase plan under section 423 of the internal revenue code; or

(b) the director is notified in writing with a copy of the plan thirty days before offering the plan to employees in this state. In the event of late filing of notification the director may upon application, for good cause excuse such late filing if he or she finds it in the public interest to grant such relief.