..............means applying by the employee for issue of shares against the option vested in him.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Excercise.
Exercise: It means applying by the employee for issue of shares against the option vested in him.
OTHER OPTIONS
- Exercise Period : Period after vesting within which the employee must exercise the right to apply for shares against the option vested in him in pursuance of the Employees Stock Option Plan.
- Exercise Price : The price payable by the employee for exercising the option granted in pursuance of the Employees Stock Option Plan.
- Grant: Grant means giving an option to the Employees to subscribe to the shares of the company at the pre-determined price.