Most options were plain vanilla, with an exercise price equal to fair market value on the date of grant, ten-year terms and a three- to four-year vesting period.

FORBES: How To Salvage Stock Options

Indexed options work similarly to traditional stock options, with one exception: Rather than having the exercise price fixed at the market price on the date of grant, the exercise price varies based on the change in an appropriate stock market index, e.g.

FORBES: How To Salvage Stock Options

To date, the Ministry of Commerce has yet to grant a single round-trip investment approval under the 2006 rules.

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Stock options with an exercise price of fair market value or higher on the grant date qualified as cap-exempt performance-based compensation, while service-vested restricted stock did not.

FORBES: How To Salvage Stock Options