Lido Adopted a Policy Under Which Its Employees Aged Over

question 53

Multiple Choice

Lido adopted a policy under which its employees aged over 50 years would be given the preference of availing company sponsored transport facility. Marina, aged 55 years was provided transport facility. However Henry, aged 46 years was denied the same. Henry challenged the company policy as violative of the Age Discrimination in Employment Act (ADEA) which forbids discriminatory preferences for the young over the old. Will Henry succeed in the Court of Law?

• A) Yes, as per the plain meaning rule of statutory interpretation.
• B) Yes, as per the rule of general public purpose.
• C) No, as per the rule of legislative purpose.
• D) No, as per federal law.

---

Definitions:

Warrant

A financial instrument that gives the holder the right, but not the obligation, to purchase a company's stock at a specified price before a certain date.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain period.

Firm Value

The total value of a business, determined by its assets, earnings, and potential in the market.

Call Option Price

The price at which the holder of a call option has the right, but not the obligation, to buy an underlying security before the option expires.