There is a newer version of the Revised Code of Washington
2005 Washington Revised Code RCW 32.32.165: Stock option plan permitted — Reserved shares.
A stock option plan may be adopted by the board of directors at the meeting at which the plan of conversion is voted upon. The number of shares reserved for the stock option plans should be limited to ten percent of the number of shares sold in the conversion.
[1981 c 85 § 32.]
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