Which of the following is not a characteristic of a noncompensatory stock option plan? O The plan offers no substantive option feature. O Substaintially all full-time employees may participate on an equitable basis. O Unlimited time period permitted for exercise of an option as long as the holder is still employed by the company. O Discount from the market price of the stock no greater than would be reasonable in an offer of stock to stockholders or others.
Which of the following is not a characteristic of a noncompensatory stock option plan? O The plan offers no substantive option feature. O Substaintially all full-time employees may participate on an equitable basis. O Unlimited time period permitted for exercise of an option as long as the holder is still employed by the company. O Discount from the market price of the stock no greater than would be reasonable in an offer of stock to stockholders or others.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:**Question:**
Which of the following is not a characteristic of a noncompensatory stock option plan?
**Options:**
- O The plan offers no substantive option feature.
- O Substantially all full-time employees may participate on an equitable basis.
- O Unlimited time period permitted for exercise of an option as long as the holder is still employed by the company.
- O Discount from the market price of the stock no greater than would be reasonable in an offer of stock to stockholders or others.
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