Stock Option Variations
Tennessee specifically authorizes a whole host of stock option types. Under T.C.A. 48-16-205, corporations can, among other things, issue stock options that contain restrictions triggered by the issuance of additional shares, provisions for the adjustment of the option exercise price, and provisions concerning rights in the event of reorganization, merger, or asset sale (i.e. the "poison pill option"). When incorporating stock options into any executive incentive package this is a statute that should always be referenced.
Post A Comment / Question