Examlex
What does PERRLA stand for?
Vesting Period
The period of time an employee must work before gaining full access to their benefits or compensation plans, such as pension plans or stock options.
Stock Options
Financial instruments that give employees the right to buy or sell shares of their company at a predetermined price.
Grant Period
The time frame during which certain rights, such as stock options, are awarded to employees and can be exercised.
Compensatory Stock Option
An employee benefit option that gives the right to purchase company stock at a discount.
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