Should Wayside purchase the NPI and not exercise the Option
, the NPI interest will be cancelled and become part of the Properties and any expenditure to purchase the NPI will be credited to the exploration expenditure obligations of the Wayside under the First Option Agreement.
The Amended Agreements also contemplate that in the event that EVI does not exercise the Option
on or before the Option Expiration Date, PEI has the subsequent right to repurchase all of the PEI Special Shares, subsequent to their issuance, at a price of Cdn $1.
It would also require corporations that provide ISOs as compensation to furnish workers who exercise the options
with a Form 1099-like declaration of their expected tax liability by January 31 of the following year.
Because Jane can exercise the options
before the stock vests, her available strategies are:
But, instead of rising in price, the stock drops substantially and is now worth less than what you paid to exercise the options
Each plan provides for sales to commence no earlier than November 20, 2003 and directs Bear Stearns to exercise the options
from time to time, as market conditions warrant, not later than October 1, 2004, and to execute the sale of a certain number of shares of Class C Stock with time, price and amount discretion in the sale of the Class C Stock vested in Bear Stearns.
Alternatively, the employee spouse could avoid transferring the legal ownership of the options and simply agree to exercise the options
in response to a demand by the non-employee spouse.
That's because when you exercise the options
, the difference between the grant price and the fair market value is taxed immediately as ``ordinary'' income.
The intermediary must exercise the options
on a specified date, which the employee has reserved the right to change.
Under the agreement, the intermediary was required to exercise the options
on a specified date, which the donor retained the ability to change.