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A game has two players.Each player has two possible strategies.One strategy is Cooperate, the other is Defect.Each player writes on a piece of paper either a C for cooperate or a D for defect.If both players write C, they each get a payoff of $100.If both players write D, they each get a payoff of 0.If one player writes C and the other player writes D, the cooperating player gets a payoff of S and the defecting player gets a payoff of T.To defect will be a dominant strategy for both players if
Vesting Date
The specified time at which an employee gains full control over the shares or stock options granted to them as part of their compensation package.
Repriced Option
An adjusted option where the exercise price has been changed, typically lowered, as a way to make the option more valuable or attractive.
Fair Value
An estimate of the market value of an asset or liability based on current market prices or valuations, reflective of what a willing buyer would pay a willing seller in an arm's length transaction.
Remuneration Expense
Represents the total cost incurred by an organization for paying its employees, including wages, salaries, bonuses, and benefits.
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