A small number of companies -- including Cysive, a software company -- erased history by canceling options exercises that some employees had made.
If there's no cancel option, artificially stopping the process may lead to corruption and an unusable computer.
The company would then replace each canceled option with a new one on May 11, six months and one day after the deadline for turning them in.
The lock screen bypass method involves sliding up Control Center, tapping on the timer button and holding down the power button until the cancel option comes up.
The lock screen bypass method involved sliding up Control Center, tapping on the timer button and holding down the power button until the cancel option came up.
But if a company cancels options, waits at least six months, and reissues them, there is no charge.
Besides seeking to recover $7 million in severance, ImClone wants to cancel options on more than 800,000 shares that vested upon Mr. Waksal's resignation.
According to the accounting board's ruling, any time a company cancels options and reissues new ones within six months, that maneuver will be considered a repricing and will necessitate earnings charges each year for the life of the options.
But Pfizer executives worried that the Securities and Exchange Commission could view that as a payment to American Home for canceling its option to buy 14.9percentt of Warner-Lambert's stock, the people close to the talks said.
In past years, companies responded to stock weakness by repricing old options -- canceling a $30 option if shares were trading at $20, for instance, and replacing it with one that had an exercise price of $20.
