Arianne Modifies Stock Option Plan
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This is interesting, modifying the expiration term from 60 days to 12 months.
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That will be a costly modification. I wonder what drive it?
It may have to do with Canadian employment law but I was hoping someone who knew more would chime in as I haven't run into this type of concession before. Costly, yes indeed.
Am I reading this wrong? They said they modified the plan, not outstanding grants. So that should only impact future grants, correct?
It appears to be future grants. The question for me is still there...why? Great benefit, but I haven't seen this one before.