Examlex
Separate property does not include property owned by a spouse prior to the marriage.
Fixed Compensatory Option Plan
A stock option plan that provides employees with the right to purchase company shares at a fixed price as part of their compensation package.
Service Period
The period of time an employee must work to earn benefits or rights under an employment contract or agreement.
Fair Value
The estimated market price of an asset or liability, reflecting current market conditions rather than historical cost.
Stock Appreciation Rights
A type of bonus compensation given to employees that is equivalent to the appreciation (increase in value) of the company stock over a set period.
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