Stock Option Plan - Law Dictionary Search Results
Home Dictionary Name: stock option planstock option plan
stock option plan : a form of deferred compensation that allows an employee to buy corporate stock at a set price (as the prevailing market price at the time of the contract) at any time (as when the market price has risen) during a designated number of years ...
stock options
stock options A type of retirement plan in which employees have the opportunity to purchase stock in the company for which they work ...
incentive stock option
incentive stock option see option ...
stock option
stock option see option ...
employee stock ownership plan (esop)
employee stock ownership plan (esop) An employer-provided benefit that allows employees to purchase stock in the company under certain favorable terms ...
employee stock ownership plan
employee stock ownership plan : esop ...
stock bonus plan
stock bonus plan : a form of deferred compensation that is funded by employer contributions of corporate securities with dividends usually reinvested ...
phantom stock plan
phantom stock plan : a form of executive compensation in which an employee is granted units representing shares of stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are nontransferable, have no cash value, and confer none of the noneconomic rights (as voting) conferred by ordinary stock ...
ESOP
ESOP [employee stock ownership plan] : a program by which a corporation's employees may acquire its capital stock ...
Option of purchase in a lease
Option of purchase in a lease. A clause giving the lessee the option of purchasing the reversion for a fixed sum within a limited number of years, or at anytime during the term, is sometimes inserted in leases. A clause giving an option of purchase at any time during a ninety-nine years' lease offends against the law of perpetuities (see that title) and cannot be specifically enforced, Woodall v. Clifton, (1905) 2 Ch 257; Worthing Corporation v. Heather, (1906) 2 Ch 532. For statement of opinion that the clause 'to be completely valid must be so expressed that the option must necessarily be exercised (if at all) within the limits of the time allowed by the rule against perpetuities,' so that probably not more than twenty one years could be allowed in a lease independent of life, see article by Mr. T. Cyprian Williams in the Solicitors' Journal for July 9, 1898; and for cases on option of purchase generally, see Woodfall, L. & T....
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