Keep in mind that options can be cashed in at any point before they mature by selling them in the market.

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The plans are voluntary and differ from restricted stock, stock options and so-called employee stock-ownership plans, all of which allow companies to grant stock to employees or managers that can't be cashed in until a later date.

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Of equal concern is that, when it comes to publication of the results, the cashing in process was complicated further at the examination entry stage when the question was asked on the entry forms whether AS results would be cashed in.

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If they are from a personal pension arrangement then they can be similarly cashed in but only on two occasions in any individual's lifetime.

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And the point is that for all the decent performance of the shares and property held by the Church's pension scheme, their aggregate value is several hundreds of millions of pounds less than would be needed if they were cashed in and converted into allegedly safer bonds.

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Egyptians who have cashed in on this bounty have reason to be anxious, now that one of their number has virtually been branded a spy.

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But if it could be proved that she cashed the check knowing that it was issued in error and with no intention or means to repay the check, that would have been a crime.

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The rules, as we understand it, stipulate that if the 3 units are cashed in for an AS qualification, the only way that the AS result can be improved further is by the student re-taking all 3 units.

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It will be argued that the pay cited here (from the five most recently published proxy statements) includes options cashed in recently but earned years ago during the good times.

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