Notes to Consolidated Financial Statements Note 13 - Employee Stock Options Stock options have been granted to employees under three different incentive plans: SharePower SharePower stock options are granted to essentially all full-time employees.

SharePower options have a 10 year term.

Prior tothe number of options granted was based on each employee's annual earnings and generally became exercisable ratably over 5 years. Inthe number of SharePower options granted was based on earnings and tenure and generally become exercisable after 3 years.

Best Options Trading Brokers and Platform | Easy Comparison Tool

SOIP and LTIP Prior to Prior toSOIP options were granted to middle management employees and were exercisable after 1 year. LTIP options were granted to senior management employees and were generally exercisable after 4 years. Both SOIP and LTIP options have 10 year terms.

Five Upcoming IPOs That Should Be On Every Investor's Radar - Money Morning

Certain LTIP options could be exchanged by employees for a specified number of performance share units PSUs within 60 days of the grant date. The value of a PSU was fixed at the stock price at the grant date and the PSU was payable 4 years from the coles business hours anzac day date, contingent upon attainment of prescribed performance goals.

At year-endbombay stock market chartthere were 84,andPSUs outstanding, respectively.

SOIP and LTIP in Beginning inall executive including middle management awards are made under the LTIP. Under the LTIP, an executive receives an award based on a multiple of base salary.

Two-thirds of the award consists of leading indicators stock market top options with an exercise price equal to the stock price at the ltip stock options of the award.

These options become exercisable at the end of 3 years and have a 10 year term. At the executive's discretion at the date of the award, the remaining one-third of the award will be granted in stock options at the end of 3 years or ltip stock options in cash at the end of 3 years.

The number of options granted or the cash payment, if any, will depend on the attainment of prescribed performance goals over the 3 year period.

If the executive chooses stock options, they are granted with an exercise price equal to the stock price at the date of the grant, vest immediately and have a 10 year term. If the executive chooses a cash payment, one dollar of cash will be received for every four dollars of the award.

At year-endmillion shares were available for grants under the LTIP.

Options in thousands Options Weighted Average Exercise Price Options Weighted Average Exercise Price Options Weighted Average Exercise Price Outstanding at. Stock options outstanding and exercisable at December 26, The pro forma amounts disclosed above are not fully representative of the effects of stock-based awards because, except for the impact resulting from the Tricon modification, the amounts exclude the pro forma cost related to the unvested stock options granted before The fair value of the options granted including the modification is estimated using the Black-Scholes option-pricing model based on the following weighted average assumptions: Weighted Average Exercise Price.

Weighted Average Remaining Contractual Life.