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Campaigners say it is a power that cannot be exercised.
But under the law they cannot be exercised in a discriminatory manner.
While the grants are made each year, the options cannot be exercised immediately.
Some of Mr. Cheney's options, however, cannot be exercised before January, unless the board waives restrictions on them.
I point out to you both that your fiduciary responsibilities as directors of the company cannot be exercised to your personal advantage.
Soros said this should be "proportionate to the violation so that it would not turn into a nuclear option that cannot be exercised", to protect against moral hazard.
Similar(44)
The powers of the Queen and the Governor-General are limited by constitutional constraints and they cannot normally be exercised without the advice of Cabinet.
Successful corporate executives are likely to have a significant part of their wealth tied up in options that cannot be immediately exercised unless their companies waive rules that apply to other employees with options.
Capacity markets can increase security of supply, but cannot mitigate market power, which is exercised in the capacity market instead of the energy market.
Electricity options and related subjects are always used among industries and commercial customers [45], but for residential customers, due to the existence of single electricity pricing schemes in some areas, electricity options cannot be designed or exercised.
This cannot be an exercise in indulgence... What I would hate to see is a continuity sensation and a few more policy workshops, when what we are facing is pretty seismic".
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