When Tim Joined Alamo Scientific as a Sales Manager,part of His

question 263

True/False

When Tim joined Alamo Scientific as a sales manager,part of his sign-on bonus included the opportunity to buy up to 500 shares of the company's publicly traded stock at $10 per share,during the first three months of employment.The stock was trading on the NASDAQ exchange for $22 per share.Tim's new company was offering a dividend reinvestment plan.
The right for employees to purchase shares of their firm's stock at a specified price for a specified period of time is called a stock option plan.