In April I received a call from an NCEO member that posed an interesting scenario. The new plan administrator's supervising CFO had asked to review the company's 2010 option grants which had all been granted as NSOs, and then told the administrator that a subset of the grants (those to executives) were wrong and to change them to ISOs. The administrator wanted to know how to respond to this request. This is what I recommended:
Board authorization. The board authorization is the governing document and any questions about award details should always be traced back to the board authorization.
- If the ..