An option is not an ISO if its terms at grant provide that the option will not be treated as an ISO. Private companies must repurchase shares of departing employees, and this can become a major expense. This is why I believe the diversity of industries and talent is ultimately a strength for Miami. Common Stock as to which such approval shall not have been obtained. Standard Option Grants are broken out by level for each division. When used appropriately, these options can be worth a lot of money to you. In general companies issue stock from time to time in the future. Vesting can also be based on a combination of time and performance. The offer letter should clearly state that the grant amount and exercise price is subject to board approval. Total System Services Inc. And we have a rule of law.
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