Exact(4)
Cisco will also let employees exercise vested stock options that are currently worthless for a year after their termination, the memo said.
Stephen Hester, chief executive of Royal Bank of Scotland, admitted today that his parents believe he is paid too much as he stressed that his bonus package was currently worthless because the bank's shares had failed to rise.
Under the plan, which is expected to be in place by the end of this year, the employees would be able to sell options that are currently worthless to a separate financial institution, which would expect to make money itself by trading on the value of the options as Microsoft's stock fluctuated in the future.
At Primedia's closing price on the announcement date, his 1.35 million shares are worth $32 million, and all but 30,000 of his options on 226,000 shares have an exercise price of $27.50, making them currently worthless.
Similar(55)
Bank of Cyprus customers with deposits of more than €100,000 learned last weekend that 37.5% of any money they hold over that threshold will be converted into shares, which are currently almost worthless.
The directors also have options which are currently "under water" – worthless at current values – and which will transfer into Glencore shares.
The anti-Lemon squad might not like that Jack was the one who guided Liz to that insight, but after all, his life has changed too: yes, he's married and a father, but from the perspective of Jack's future self, he's a pathetic failure, currently running a worthless network bought by the lame Philadelphia conglomerate Kabletown.
We place value on things that our economic system currently disregards as completely worthless.
The common stock is currently trading at $4.20, although it is technically worthless.
Pay in these bonds will be deferred over three years and be worthless if the bank's capital ratio – currently 10% – falls below 7%.
"A Happy Birthday on Facebook feels so sterile and worthless and there seems to be nothing that people currently use regularly to convey their feelings quickly and easily.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com