The deal also called for CDN 150,000 cash payable by Ardiden to Landore upon completion, and CDN 150,000 of ordinary shares of the optionee
retains a 2% NSR, half of which Garibaldi may purchase at any time for $1,000,000 CDN.
Upon such transfer, the optionee
can immediately sell the stocks, or hold on to them as his personal investment in the company, or sell them later when their price goes up.
received an extension to 30 April 2014 to complete its comprehensive market assessment, qualitative & quantitative surveys in selected countries.
Unlike financial market options, options in real estate are ordinarily restricted to the optionee
and cannot be separately sold.
This may be viewed as an unattractive result, given that the optionee
was awarded something of economic value on the option grant date and is assumed to have increased her work efforts as a result of the award.
Intellect is entitled to a license fee upon the exercise of the Antibody Option by the Optionee
Even if an optionee
exercises an option and sells the underlying shares within six months of the grant date, an exemption from liability under Sec-tion 16(b) may be available under other SEC rules.
According to Joseph Field, a senior partner at Withers Bergman in New York, "in the view of my firm, nonqualified compensation arrangements now subject to Section 409A rules include salary and bonus deferral plans, supplemental executive retirement plans, stock options giving the optionee
the right to purchase stock at a price below fair market value at the date of the grant, most stock appreciation right plans and restricted stock unit plans.
The exercise price (strike price) must meet or exceed the fair market value (or 110 percent of the fair market value, if the optionee
is a 10 percent shareholder) of the underlying stock at grant.
incurred expenditures of approximately $600,000 on the property, which resulted in the discovery of near surface mineralization in hole 7 that intersected a weighted average of 1.
Regulations under section 6039 require companies to file for each optionee
and ESPP participant, to the extent applicable:An information return with the IRS on Form 3921 to report information relating to ISOs that were exercised in the prior year, and An information return with the IRS on Form 3922 to report shares purchased at a discount under an ESPP that were transferred to a third party in the prior year, including a transfer to a brokerage account or financial institution, which typically occurs immediately after the purchase of shares under an ESPP.