Sentence examples for the rescission from inspiring English sources
noun
An act of removing, taking away, or taking back.
The "rescission" of exercised stock options is the latest fad in corporate executive suites.
And in Illinois, Attorney General Jim Ryan was suing as well, seeking remedies that included the rescission of all the loans First Alliance has made there.
It cited a rule requiring disclosure of "significant modifications of outstanding awards" of options, and said "the terms of the rescission should be clearly disclosed".
Weddington's efforts in Washington with Mrs. Carter and Mrs. Mondale to defeat the rescission amendment (it went down in the Senate 54-44) and pass the ERA extension (it passed 60-36).
Lawmakers who don't want to see their spending projects on the rescission list could be coerced into supporting other measures unrelated to good budgeting That is not the only problem.
But the S.E.C. took the position that the decision to allow the rescission of previously exercised options was material because it was a company policy that shareholders deserved to know about.
Because the law does not require Congress to vote, lawmakers can ignore the rescissions.
No names of companies that allowed such rescissions of share purchases have yet been disclosed, but accountants say that a number of companies, primarily technology companies, allowed the rescissions.
The group discussed the rescissions at a meeting in mid-January, and minutes of that meeting have been delayed to allow the S.E.C. to weigh in with the accounting treatment it will accept.
The new law would require Congress to vote the rescissions up or down.
In short, the High Court said Congress had to approve the rescissions.
