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A standard double starts at $198 a night through the chain's "Summer Options" program.
Companies may have previously asked shareholders for blanket approval to change an options program.
But the hope is that the options program will give employees another incentive to stay despite offers from rivals.
Take-Two has faced many problems, including a series of investigations into its accounting and marketing practices and stock options program.
The premium-priced options program applies to Samuel J. Palmisano, I.B.M.'s chairman and chief executive, and the company's 300 most-senior executives.
The stock options program at Intel is "a powerful incentive for our employees, and we think it's a retention tool that's beneficial for our shareholders," he said.
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"Two years ago nobody asked about employee stock options programs".
I.B.M.'s overhaul, analysts say, does address some of the main shortcomings of stock options programs.
Indeed, some companies -- Microsoft is a notable example -- have replaced their options programs with stock grants, without mass defections.
Under prodding from the German corporate governance council, a private but influential group, some big German companies, like SAP and Siemens, adopted premium-priced options programs last year.
Under current rules, companies must retire repurchased shares or use them to back employee stock options programs, which few Japanese companies have.
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