Which of the following is NOT a characteristic of a non-compensatory employee stock option plan (ESOP)? a. The plan requires the employee to pay an upfront premium. b. There is only a small discount from the market price. c. The plan is generally available to all employees. d. The plan is accounted for as compensation expense

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter10: Corporate Governance
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Which of the following is NOT a characteristic of a non-compensatory employee stock option plan (ESOP)?

a.

The plan requires the employee to pay an upfront premium.

b.

There is only a small discount from the market price.

c.

The plan is generally available to all employees.

d.

The plan is accounted for as compensation expense.

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