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Ms. Welling said she eventually audited Micrel's tax returns and concluded that the company and its executives owed $51 million in taxes as a result of the options plan.
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In 1993, Harken changed the option plan.
Both Chieftain and Plaza say they intend to vote against the option plan.
Only recently, when the couple reread the option plan did they find that the options would have gone to her if he had died.
Texas Instruments' stock trades on the exchange, and the number of shares set aside for the option plan represent almost 14percentt of the total outstanding.
So the option plan terms that immediately vest all options if About is acquired are a real booby prize.
The problem centers on the option plan structure that startups use.
A big part of the problem centers on the option plan structure that startups use.
So big is the option plan at Cypress that if all options were exercised, employees would own a fourth of the company (called, in options parlance, the "overhang").
The only ones not included in the option plan are Murthy and the four founders still with the company (one left in 1983, the other retired in 2000), because they already own enough shares.
Additionally, being a US listed company, besides the competitive HR and compensation policies in the industry, Sinovac has also set up the option plan to provide long-term incentive to the employees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com