Any attempt to anticipate, alienate, sell, assign, transfer, pledge, encumber, hypothecate, charge or otherwise dispose of an Award in a manner contrary to the provisions hereof, and the levy of any attachment or similar process upon the awards, shall be null and void. Cash exercise — wherein payment has to be made in cash for shares purchased by exercise of an ESO — is the only route for option exercise allowed by some employers. Because it gives the employee an incentive to perform well and stay with the company. Andere wiederum sind der Auffassung, dass aufgrund der Optionspläne, die es den Mitarbeitern ermöglichen, ihre Anteile kurzfristig nach der Gewährung zu verkaufen, diese Optionen keine langfristige Eigentümerperspektive und - haltung schaffen.
With the consent of the Plan Committee, a Participant who has been granted a Restricted Stock Unit may by compliance with the then applicable procedures under the Plan irrevocably elect in writing to defer receipt of all or any part of any distribution associated with that Award. The terms and conditions of any such deferral, including but not limited to, the period of time for, and form of, election the manner and method of payout the plan and form in which the deferred amount shall be held the interest equivalent or other payment that shall accrue pending its payout and the use and form of Dividend Equivalents in respect of stock-based units resulting from such deferral, shall be as determined by the Plan Committee.
The Plan Committee may, at any time and from time to time, but prospectively only, amend, modify, change, suspend or cancel any and all of the rights, procedures, mechanics and timing parameters relating to such deferrals. An election made prior to December 31, to defer receipt of any distribution associated with a Restricted Stock Unit relating to a Restriction Period ending after December 31, is subject to the provisions of Appendix A. Subject to the other provisions of this Article VII, the total number of shares available for grant as Awards pursuant to the Plan shall not exceed in the aggregate 81,, shares of Common Stock.
This limit includes the 44,, shares that were originally made available under this Plan. Solely for the purpose of applying the limitation in the preceding sentence and subject to the replenishment and adjustment provisions of Sections 7. Shares available for grant under the Plan may be authorized and unissued shares, treasury shares held by the Company or shares purchased or held by the Company or a Subsidiary for purposes of the Plan, or any combination thereof.
Shares issued upon assumption or conversion of outstanding stock-based awards granted by an acquired company shall be disregarded in applying the limitation set forth in this Section 7. In the event all or any portion of an Award is forfeited or cancelled, expires, is settled for cash, or otherwise does not result in the issuance of all or a portion of the shares subject to the Award in connection with the exercise or settlement of such Award, the number of shares not issued that were deducted for such Award pursuant to Section 7.
If a Participant uses shares of Common Stock to pay a purchase or exercise price or tax withholding, either by having the Company withhold shares or tendering shares either actually or by attestation , an equal number of such shares shall be restored and may again be used for Awards under the Plan. In addition, shares may be reacquired on the open market by the Company using the Cash Proceeds received by the Company from the exercise on or after May 19, of Stock Options granted under the Plan to restore an equal number of shares that may again be used for Awards under the Plan provided, however, that the number of shares so restored does not exceed the number that could be purchased at Fair Market Value with the Cash Proceeds on the date of exercise of the Stock Option giving rise to such Cash Proceeds.
If one of the events described in the first sentence of the preceding paragraph occurs with respect to an award that was granted under a Prior Plan as defined in Section Notwithstanding anything in this Section 7.
In the event of any equity restructuring within the meaning of Financial Accounting Standards No. No such adjustment shall be required to reflect the events described in clauses 1 and 2 above, or any other change in capitalization that does not constitute an equity restructuring, however such adjustment may be made: During any consecutive thirty-six month period, no Participant may receive Awards that, in the aggregate, could result in that Participant receiving, earning or acquiring, subject to the adjustments described in Section 7.
In addition, during any consecutive thirty-six month period, no Participant who is a non-employee director may receive Awards that, in the aggregate, could result in that Participant receiving, earning or acquiring, subject to the adjustments described in Section 7.
For purposes of applying the limits described in this Section 7. The Plan will be administered by a committee of two or more members of the Compensation Committee of the Board who are appointed from time to time by the Board and who are outside, independent Board members who, in the judgment of the Board, are qualified to administer the Plan as contemplated by a Rule 16b-3 of the Securities and Exchange Act of or any successor rule , b Section m of the Code, as amended, and the regulations thereunder or any successor Section and regulations , and c any rules and regulations of a stock exchange on which Common Stock is traded.
Any member of the committee administering the Plan who does not satisfy or ceases to satisfy the qualifications set out in the preceding sentence may recuse himself or herself from any vote or other action taken by such committee. The Board may, at any time and in its complete discretion, remove any member of such committee and may fill any vacancy on such committee. The Plan Committee shall have and exercise all of the powers and responsibilities granted expressly or by implication to it by the provisions of the Plan.
Subject to and as limited by such provisions, the Plan Committee may from time to time enact, amend and rescind such rules, regulations and procedures with respect to the administration of the Plan as it deems appropriate or convenient. All questions arising under the Plan, any Award agreement, or any rule, regulation or procedure adopted by the Plan Committee shall be determined by the Plan Committee, and its determination thereof shall be conclusive and binding upon all parties.
Any action required or permitted to be taken by the Plan Committee under the Plan shall require the affirmative vote of a majority of a quorum of the members of the Plan Committee. A majority of all members of the Plan Committee shall constitute a quorum for Plan Committee business.
The Plan Committee may act by written determination instead of by affirmative vote at a meeting, provided that any written determination shall be signed by all members of the Plan Committee, and any such written determination shall be as fully effective as a majority vote of a quorum at a meeting. The Plan Committee may delegate all or any part of its authority under the Plan to a subcommittee of directors andor officers of the Company for purposes of determining and administering Awards granted to persons who are not then subject to the reporting requirements of Section 16 of the Exchange Act.
Anything in this Plan to the contrary notwithstanding, the provisions of this Article IX shall apply to a Participant if an independent auditor selected by the Plan Committee the Auditor determines that each of a and b below are applicable. Under this Article IX the payments and distributions under this Plan shall be reduced but not below zero so that the present value of such payments and distributions shall equal the Reduced Amount.
The Reduced Amount which may be zero shall be an amount expressed in present value which maximizes the aggregate present value of payments and distributions under this Plan which can be made without causing any such payment to be subject to the excise tax under Section of the Code.
The determinations and reductions under this Section 9. The Plan Committee shall then promptly give the Participant notice to that effect together with a copy of the detailed calculation supporting such determination which shall include a statement of the Reduced Amount. Such notice shall also include a description of which and how much of the Awards shall be eliminated or reduced as long as their aggregate present value equals the Reduced Amount.
For purposes of this Article IX, Awards shall be reduced in the following order: Present value shall be determined in accordance with Section G of the Code. All the foregoing determinations made by the Auditor under this Article IX shall be made as promptly as practicable after it is determined that excess parachute payments as defined in Section G of the Code will be made to the Participant if an elimination or reduction is not made.
As promptly as practicable, the Company shall provide to or for the benefit of the Participant such amounts and shares as are then due to the Participant under this Plan and shall promptly provide to or for the benefit of the Participant in the future such amounts and shares as become due to the Participant under this Plan.
As a result of the uncertainty in the application of Section G of the Code at the time of the initial determination by the Auditor hereunder, it is possible that payments or distributions under this Plan will have been made which should not have been made Overpayment or that additional payments or distributions which will have not been made could have been made Underpayment , in each case, consistent with the calculation of the Reduced Amount hereunder.
In the event that the Auditor, based upon the assertion of a deficiency by the Internal Revenue Service against the Company or the Participant which the Auditor believes has a high probability of success, determines that an Overpayment has been made, any such Overpayment shall be treated for all purposes as a loan to the Participant which the Participant shall repay together with interest at the applicable Federal rate provided for in Section f 2 of the Code provided, however, that no amount shall be payable by the Participant if and to the extent such payment would not reduce the amount which is subject to the excise tax under Section of the Code.
In the event that the Auditor, based upon controlling precedent, determines that an Underpayment has occurred, any such Underpayment shall be promptly paid to or for the benefit of the Participant together with interest at the applicable Federal rate provided for in Section f 2 A of the Code.
In making its determination under this Article IX, the value of any non-cash benefit shall be determined by the Auditor in accordance with the principles of Section G d 3 of the Code. The Board may at any time amend, suspend, discontinue or terminate the Plan including the making of any necessary enabling, conforming and procedural amendments to the Plan to authorize and implement the granting of Incentive Stock Options or other income tax preferred stock options which may be authorized by federal law subsequent to the effective date of this Plan provided, however, that no amendment by the Board shall, without further approval of the shareholders of the Company, increase the total number of shares of Common Stock which may be made subject to the Plan, except as provided at Section 7.
No action taken pursuant to this Section Except as expressly provided herein, no right or benefit under the Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge and any attempt to anticipate, alienate, sell, assign, pledge, encumber or charge the same shall be void.
No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the person entitled to such right or benefit. If any Participant or beneficiary hereunder should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit hereunder other than as expressly provided herein , then such right or benefit shall, in the sole discretion of the Plan Committee, cease and in such event the Company may hold or apply the same or any or no part thereof for the benefit of the Participant or beneficiary, hisher spouse, children or other dependents or any of them in any such manner and in such proportion as the Plan Committee in its sole discretion may deem proper.
The granting of Awards under the Plan shall not entitle a Participant or any other person succeeding to hisher rights, to any dividend, voting or other right as a shareholder of the Company unless and until the issuance of a stock certificate to the Participant or such other person pursuant to the provisions of the Plan and then only subsequent to the date of issuance thereof. As illustrative only of the limitations of liability or obligation of the Company and not intended to be exhaustive thereof, nothing in the Plan shall be construed: Payments and other benefits received by a Participant under an Award shall not be deemed part of a Participants regular, recurring compensation for purposes of any termination, indemnity or severance pay laws and shall not be included in, nor have any effect on, the determination of benefits under any other employee benefit plan, contract or similar arrangement provided by the Company or any Subsidiary, unless expressly so provided by such other plan, contract or arrangement or the Plan Committee determines that an Award or portion of an Award should be included to reflect competitive compensation practices or to recognize that an Award has been made in lieu of a portion of competitive cash compensation.
Notwithstanding any other provisions of the Plan seemingly to the contrary, the obligation of the Company with respect to Awards granted under the Plan shall at all times be subject to any and all applicable laws, rules and regulations and such approvals by any government agencies as may be required or deemed by the Board or Plan Committee as reasonably necessary or appropriate for the protection of the Company.
In connection with any sale, issuance or transfer hereunder, the Participant acquiring the shares shall, if requested by the Company, give assurances satisfactory to counsel of the Company that the shares are being acquired for investment and not with a view to resale or distribution thereof and assurances in respect of such other matters as the Company may deem desirable to assure compliance with all applicable legal requirements.
Neither the adoption of the Plan by the Board nor the submission of the Plan to shareholders of the Company for approval shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive or other compensation arrangements of whatever nature as the Board may deem necessary or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company or any Subsidiary now has lawfully put into effect, including, without limitation, any retirement, pension, savings, profit sharing or stock purchase plan, insurance, death and disability benefits, and executive short term incentive plans.
In case the Company is merged or consolidated with another corporation, or in case the property or stock of the Company is acquired by another corporation, or in case of a separation, reorganization or liquidation of the Company for purposes hereof any such occurrence being referred to as an Event , the Plan Committee or a comparable committee of any corporation assuming the obligations of the Company hereunder, shall either: Stock to be issued pursuant to such substitute awards shall be limited so that the excess of the aggregate fair market value of the shares subject to such substitute awards immediately after such substitution over the purchase price thereof if any is not more than the excess of the aggregate fair market value of the shares subject to such substitute awards immediately before such substitution over the purchase price thereof if any or b upon written notice to the Participant, declare that all Performance Awards granted to the Participant are deemed earned, that the Restriction Period of all Restricted Stock and Restricted Stock Units has been eliminated and that all outstanding Stock Options and Stock Appreciation Rights shall accelerate and become exercisable in full but that all outstanding Stock Options and Stock Appreciation Rights, whether or not exercisable prior to such acceleration, must be exercised within the period of time set forth in such notice or they will terminate.
In connection with any declaration pursuant to this Section For purposes of this Section All distributions under the Plan shall be subject to any required withholding taxes and other withholdings and, in case of distributions in Common Stock, the Participant or other recipient may, as a condition precedent to the delivery of Common Stock, be required to pay to hisher participating employer the excess, if any, of the amount of required withholding over the withholdings, if any, from any distributions in cash under the Plan.
All or a portion of such payment may, in the discretion of the Plan Committee and upon the election of the Participant, be made a by withholding from shares that would otherwise be delivered to the Participant a number of shares sufficient to satisfy the remaining required tax withholding or b by tendering either actually or by attestation owned and unencumbered shares of Common Stock acceptable to the Plan Committee and having a Fair Market Value on the date of tender equal to or less than the remaining required tax withholding.
No distribution under the Plan shall be made in fractional shares of Common Stock, but the proportional market value thereof shall be paid in cash. Each Award shall be subject to the requirement that, if at any time the Board shall determine, in its discretion, that the listing, registration or qualification of the shares subject to such option andor right upon any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with the granting of such Award or the issue or purchase of shares respectively thereunder, such Award may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board.
The proceeds derived by the Company from the sale of the stock pursuant to Awards granted under the Plan shall constitute general funds of the Company. Notwithstanding the adoption of this Plan by the Board, the Companys Executive Long Term Incentive Plan of and the Director Stock Option Plan of , as the same have been amended from time to time the Prior Plans , shall remain in effect, and all grants and awards heretofore made under the Prior Plans shall be governed by the terms of the Prior Plans.
The Plan Committee shall not, however, make any additional grants pursuant to the Prior Plans. This Plan shall remain in effect until the earliest of the following events occurs: In the event any provision of this Plan shall be held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included.
To the extent that federal laws do not otherwise control, this Plan and all determinations made and actions taken pursuant to this Plan shall be governed by the laws of Minnesota and construed accordingly. The headings of the Articles and their subparts in this Plan are for convenience of reading only and are not meant to be of substantive significance and shall not add to or detract from the meaning of such Article or subpart to which it refers.
Notwithstanding anything in the Plan to the contrary, to the extent the Plan provides for the issuance of stock certificates to reflect the issuance of shares of Common Stock or Restricted Stock, the issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange on which the Common Stock is traded.
The provisions of this Appendix A will supersede any inconsistent terms of any award that is covered by this Appendix A. The capitalized terms in this Addendum that are not defined below, shall have the same meaning as in the Agreement, or, if not defined in the Agreement, as defined in the Plan.
For purposes of this Addendum, Company includes any person that would be treated as a single employer with the Company under Section b or c of the Code. An employee Participant will be Disabled if, by reason of any medically-determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, Participant i is unable to engage in any substantial gainful activity or ii is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.
An employee Participant will be deemed to be Disabled if he or she is determined to be totally disabled by the Social Security Administration. For purposes of determining an employee Participants entitlement to payment of an Appendix A Award, Termination of Employment means a severance of such Participants employment relationship with the Company, for any reason.
For purposes of determining when a distribution will be made under Appendix A, a Termination of Employment will be deemed to occur if, based on the relevant facts and circumstances to the Participant, the Company and Participant reasonably anticipate that future services to be performed by the Participant for the Company will permanently decrease to no more than 20 of the average level of services performed over the immediately preceding month period.
A bona fide leave of absence that is six months or less, or during which an individual retains a reemployment right, will not cause a Termination of Employment. In the case of a leave of absence without a right of reemployment that exceeds the time periods described in this paragraph, a Termination of Employment will be deemed to occur once the leave of absence exceeds six months.
Notwithstanding the foregoing, a Termination of Employment shall not occur unless such termination also qualifies as a separation from service, as defined under Section A of the Code and related guidance thereunder. Trust means the Target Corporation Deferred Compensation Trust, established by agreement dated January 1, , by and between the Company and State Street Bank and Trust Company, as amended, or similar trust agreement.
The vested amount of an employee Participants Restricted Stock Units and Deferred Restricted Stock Units shall convert to shares of Common Stock and shall be issued to or on behalf of the Participant upon the earlier of the following: Payments under Paragraphs a , b and c will be made within 90 days of such distribution event and payment on account of Paragraph d will be made in accordance with Section A The vested amount of a non-employee director Participants Restricted Stock Units shall convert to shares of Common Stock and shall be issued to or on behalf of the Participant upon the earlier of the following: The vested amount of the percentage of a Participants Deferred Performance Share Units shall convert to shares of Common Stock and shall be issued to or on behalf of a Participant as soon as practicable, but not more than 90 days, after the later of the following: In the event a Change in Control causes the Trust to be funded, the Company shall: The Year United States Treasury Note rate will be determined on the date of the Change in Control, or if no such rate is available on that date, the immediately preceding date such rate is available, and such rate will be reset each calendar quarter as necessary and d transfer cash or other property to the Trust as provided under the Trust.
Such transfer shall be made to the extent permitted by, subject to, and in accordance with, the terms of the Trust. Upon a Change in Control the Appendix A Awards will terminate and payment of all amounts under such Awards will be accelerated if and to the extent provided in this Section A The Board will be deemed to have taken action to irrevocably terminate the Appendix A Awards as of the Appendix A termination effective date by its failure to affirmatively determine that the Appendix A Awards will not terminate as of such date.
If the Change in Control qualifies as a change in control event under Section A of the Code, payment of all Appendix A Awards will be accelerated and made in a lump sum as soon as administratively practicable but not more than 90 days following the Appendix A termination effective date, provided the requirements of Treasury Regulation Section 1.
If the Change in Control does not qualify as a change in control event for purposes of Section A of the Code, payment of all Appendix A Awards will be accelerated and made in a lump sum as soon as administratively practicable but not more than 60 days following the 12 month anniversary of the Appendix A termination effective date, provided, the requirements of Treasury Regulation Section 1. Awards subject to this Appendix A may not be assigned or transferred by a Participant during their lifetime, other than to a former spouse incident to divorce if and to the extent required by a qualified domestic relations order and permitted under the terms of the applicable Award agreement, and the Awards shall not be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or hypothecation, execution, attachment or similar process.
Any attempt to anticipate, alienate, sell, assign, transfer, pledge, encumber, hypothecate, charge or otherwise dispose of an Award in a manner contrary to the provisions hereof, and the levy of any attachment or similar process upon the awards, shall be null and void. Aktien, die zuvor im Rahmen des SPSA-Programms ausgegeben wurden, werden weiterhin unter ihrer ursprünglichen Laufzeit, in der Regel mit einer Restlaufzeit von drei Jahren, weiterhin wettbewerbsfähig bleiben.
Nach Beendigung des Performance-Zeitraums kann die Anzahl der Aktien um 25 erhöht werden, wenn bestimmte Performance-Metriken erfüllt sind. Die verbleibenden Anteile werden halbjährlich während der folgenden drei Jahre ausgeübt. Für Führungskräfte, ihre Auszeichnungen basieren auf einem aggregierten Incentive-Pool in Höhe eines Prozentsatzes der konsolidierten Betriebserträge.
Für die Geschäftsjahre , und betrug der Pool 0,35, 0,3 bzw. Die endgültigen Geldpreise werden nach jeder Leistungsperiode auf der Grundlage der individuellen und geschäftlichen Leistung ermittelt.
Aktivität für alle Aktienpläne Der beizulegende Zeitwert der einzelnen Schätzungen wurde am Tag der Gewährung unter Zugrundelegung folgender Annahmen geschätzt: Insgesamt belief sich der Fair Value der gezeichneten Aktienpreise für die Geschäftsjahre , auf 2,8 Mrd.
Euro , Und , beziehungsweise. Aktienoptionen Derzeit gewähren wir Aktienoptionen vorwiegend in Verbindung mit Unternehmensakquisitionen.
Wir haben in den Geschäftsjahren , und zwei Millionen, sechs Millionen und null Aktienoptionen in Verbindung mit Unternehmensakquisitionen gewährt. Die Mitarbeiteraktienoptionstätigkeit lag im Geschäftsjahr wie folgt: Juni wurden Millionen Aktien unserer Stammaktie für die künftige Emission durch den Plan reserviert. Wir leisten 50 Cent für jeden Dollar, den ein Teilnehmer in diesen Plan mit einem maximalen Beitrag von 3 der Teilnehmer verdient.
Entsprechende Beiträge für alle Pläne waren in den Geschäftsjahren , und in den Geschäftsjahren , und Millionen, Millionen und Millionen aufwandswirksam. Popular posts from this blog Forexindo Aciphex March 27, Implizite oder erwartete Volatilität des Basiswerts während der Optionslaufzeit. Erwartete Laufzeit oder Dauer der Option.
Unternehmen sind berechtigt, bei der Auswahl eines Bewertungsmodells ihr eigenes Ermessen zu nutzen, müssen aber auch von ihren Prüfern abgestimmt werden.
Da sowohl Unternehmen als auch Investoren hier ein neues Territorium betreten, müssen sich die Bewertungen und Methoden im Laufe der Zeit verändern. Bekannt ist, was bereits geschehen ist, und dass viele Unternehmen ihre bestehenden Aktienoptionsprogramme insgesamt reduziert, angepasst oder eliminiert haben. Angesichts der Aussicht, die geschätzten Kosten zum Zeitpunkt der Gewährung enthalten, haben viele Unternehmen beschlossen, schnell zu ändern. Betrachten Sie die folgende Statistik: Die Grafik unten zeigt diesen Trend.
Home Artikel Mitarbeiter Aktienoptionen Fact Sheet Traditionell wurden Aktienoptionspläne als eine Möglichkeit für Unternehmen verwendet, Top-Management und wichtige Mitarbeiter zu belohnen und ihre Interessen mit denen des Unternehmens und anderen Aktionären zu verknüpfen.
Immer mehr Unternehmen betrachten nun alle ihre Mitarbeiter als Schlüssel. Seit Ende der 80er-Jahre ist die Zahl der Aktienoptionen um das neunfache gestiegen. Breitbasierte Optionen bleiben in Hochtechnologieunternehmen die Norm und werden auch in anderen Branchen weiter verbreitet. Viele non-high-tech, eng verbundene Unternehmen kommen auch in die Reihen. Ab schätzte die Allgemeine Sozialforschung, dass 7,2 Mitarbeiter Aktienoptionen plus wahrscheinlich mehrere hunderttausend Mitarbeiter mit anderen Formen des Eigenkapitals halten.
Das ist von seinem Höhepunkt im Jahr , aber wenn die Zahl war etwa 30 höher. Der Rückgang resultierte im Wesentlichen aus Änderungen von Rechnungslegungsvorschriften und erhöhtem Anteilsdruck, um die Verwässerung durch Aktienpreise in Aktiengesellschaften zu reduzieren. Der Preis, zu dem die Option gewährt wird, wird als Zuschusspreis bezeichnet und ist üblicherweise der Marktpreis zum Zeitpunkt der Gewährung der Option.
Mitarbeiter, denen Aktienoptionen gewährt wurden, hoffen, dass der Aktienkurs steigen wird und dass sie durch Ausübung Kauf der Aktie zum niedrigeren Stipendienpreis und dann Verkauf der Aktie zum aktuellen Marktpreis einlösen können. Es gibt zwei Arten von Aktienoptionsprogrammen, die jeweils mit eindeutigen Regeln und steuerlichen Konsequenzen versehen sind: Aktienoptionspläne können eine flexible Möglichkeit für Unternehmen sein, das Eigentum an Mitarbeitern zu teilen, sie für die Leistung zu belohnen und ein motiviertes Personal zu gewinnen und zu halten.
Für wachstumsorientierte kleinere Unternehmen, Optionen sind ein guter Weg, um Bargeld zu erhalten, während die Mitarbeiter ein Stück zukünftiges Wachstum.
Sie sind auch für öffentliche Unternehmen sinnvoll, deren Leistungspläne gut etabliert sind, aber die Mitarbeiter in Besitz nehmen wollen. Der verwässernde Effekt von Optionen, auch wenn sie für die meisten Beschäftigten gewährt wird, ist typischerweise sehr gering und kann durch ihre potenzielle Produktivität und Mitarbeiterbezug Vorteile ausgeglichen werden. Optionen sind jedoch kein Mechanismus für bestehende Eigentümer, Aktien zu verkaufen und sind in der Regel für Unternehmen ungeeignet, deren zukünftiges Wachstum ungewiss ist.
Sie können auch weniger attraktiv in kleinen, eng geführten Unternehmen, die nicht wollen, gehen Sie in die Öffentlichkeit oder verkauft werden, weil sie es schwierig finden, einen Markt für die Aktien zu schaffen. Befürworter fühlen, dass Optionen wahres Eigentum sind, weil die Mitarbeiter nicht erhalten sie kostenlos, aber müssen sich ihr eigenes Geld, um Aktien zu kaufen.
Andere wiederum sind der Auffassung, dass aufgrund der Optionspläne, die es den Mitarbeitern ermöglichen, ihre Anteile kurzfristig nach der Gewährung zu verkaufen, diese Optionen keine langfristige Eigentümerperspektive und - haltung schaffen. In Unternehmen, die ein echtes Engagement für die Schaffung einer Eigentümer-Kultur zeigen, können Aktienoptionen ein wichtiger Motivator sein. Unternehmen wie Starbucks, Cisco und viele andere ebnen den Weg, zeigen, wie effektiv ein Aktienoptionsplan kann, wenn mit einem echten Engagement für die Behandlung von Arbeitnehmern wie Eigentümer kombiniert werden.
Praktische Überlegungen Im Allgemeinen müssen Unternehmen bei der Gestaltung eines Optionsprogramms sorgfältig prüfen, inwieweit sie bereit sind, verfügbar zu werden, wer Optionen erhalten wird und wie viel Beschäftigung wächst, so dass jedes Jahr die richtige Anzahl von Aktien gewährt wird.