A non$-$compensatory stock purchase plan would typically feature which of the following elements?

$1.$ A short time period in which employees are permitted to purchase stock at a discounted price.

$2.$ A small discount from the stock$$s market price.

$3.$ A substantive option feature.

Select answer from the options below

$1$ and $3$ only

$1,2,$ and $3$

$2$ and $3$ only

$1$ and $2$ only