Discussion
I have recently started a new job with a listed company and have been offered a number of share options to mature in a few years. I have just received all the paperwork for this and unsurprisingly it is all written in incomprehensible legal language.
Does anyone have experience of such documents and are there particular things i should look out for / be aware of?
Does anyone have experience of such documents and are there particular things i should look out for / be aware of?
Aside from the tax implications, the main things to be aware of are 1) how long do you have to own them before you can take up the option (ie cash them in at the prevailing price at that time less the price at the time you were awarded them) and ii) what is the maximum time period you can keep them before they expire. Most of my options, for example, have to be kept a minimum of 3 years from the award date, and expire 10 years after the award date. So, a seven year window to play with. And congratulations, by the way. cheers Geoff
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