The favorable tax treatment associated with ISOs will generally not be obtained unless the individual exercising the ISO is an employee of the corporation granting
the option or of its parent or subsidiary corporation at all times during the period between the time the option is granted and the day that is three months before the option is exercised.
Delays in Completing Granting
Actions and Paperwork after August 12, 2003
Administrators interested in submitting a proposal for a project that lies somewhat outside of the granting
organization's program plan should submit an 8-10 page concept paper before completing a formal application.
This press release contains forward-looking statements regarding the Company's voluntary review of its historical stock option granting
practices, including the Company's current estimate of the accounting adjustments expected to result from the findings of the Special Committee.
Earlier this year, an academic study and numerous subsequent press reports began to publicize the likely widespread occurrence of accounting and corporate governance irregularities with respect to the granting
of stock options and other equity awards at over 100 companies, many in the high-tech sector.
Since February 2001, there have been a number of changes in our stock administration process to improve controls relating to the process of granting
stock option awards.
In many cases, these expenses were the result of one or more of the following practices: awarding a newly hired employee an option with a grant date backdated to the individual's date of hire, awarding options at the first meeting of the board of directors in a particular year (typically in February) with a deemed grant date corresponding to the first business day in January, or granting
stock options that were subject to the satisfaction of certain contingencies such as the attainment of specified financial performance targets.
This holiday season, the Los Angeles Lakers will be seeing stars beyond those in the courtside seats at Staples Center, as they assist in granting
their first wish child's wish publicly and display their support for The Make-A-Wish Foundation of Greater Los Angeles' holiday season campaign, "A Season of Wishes(TM)," launching on November 20, 2005.
In each issue you'll learn the latest funding interests of the nations leading health granting
The change in accounting rules, and the concomitant change that we're observing in equity granting
practices, doesn't alter that expectation," said Ringlee.