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An employee exercising an option is likely in future to have to pay not just the marginal tax rate but also their employer's NI bill of 11.7%, producing a maximum tax bill of 51.7%.
It is also why I left as soon as I could, exercising an option few others had.
Amersham, which is based in Britain, is exercising an option to buy the 45percentt of Amersham Biosciences it does not already own, a spokesman, Graeme Holland, said.
Before the game, the Orioles announced they would bring back Manager Dave Trembley next season, exercising an option that was in the contract he signed last year.
Amgen is exercising an option to acquire the rights to an experimental drug to treat heart failure from Cytokinetics, a smaller biotechnology company.
Doubleday was exercising an option, contained in the two men's 1986 agreement to acquire the Mets for $80 million, to be bought out.
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The Phillies exercised an option yesterday for Wagner that will pay him $9 million in 2005.
BASKETBALL National Basketball Association MIAMI HEAT--Announced F Don MacLean exercised an option on his contract for the 2001-02 season.
Last year, Haim Saban, who owns Saban Entertainment, exercised an option to sell his stake to the News Corporation.
The exact amount will depend on whether the underwriters fully exercise an option to buy Palm shares.
Last month, the group exercised an option to take its holding in Russian condom company BLBV to just over 50%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com