This comes in spite of the fact that Iran has already [1] rejected incentives.

From [2] AP: "European nations draw up Iran compromise"

LONDON - Key European nations put finishing touches Tuesday on a proposal meant to enlist the support of Russia and China for possible U.N. Security Council sanctions against Iran should Tehran refuse to abandon uranium enrichment, diplomats said.

The compromise — which would drop the automatic threat of military action if Iran remains defiant — is part of a proposed basket of incentives meant to entice Iran to give up enrichment, a possible pathway to nuclear arms. It also spells out the penalties if it does not.

The Incentive Basket: Order now for Ayatollah Appreciation Day (every day in Iran)!

France, Britain and Germany discussed the final form of the package Tuesday ahead of submission for hoped-for approval Wednesday at a formal meeting of the five permanent Security Council members and Germany.