Transferable Stock Option

Transferable Stock Option

An employee stock option that allows the employee to give to another party. Usually, transfers are limited to members of the employee's family, an investment vehicle designed to benefit family members, and/or a charity.
References in periodicals archive ?
Four years later, Google is making headlines for a more permanent transferable stock option (TSO) program that will allow employees to sell their vested options to preapproved financial institutions in an online auction managed by Morgan Stanley.
One intriguing possibility is the introduction and proliferation of ongoing transferable stock option (TSO) programs.
Under the Transferable Stock Option (TSO) program, employees will still be able to exercise their options, but will also be able to sell their options to financial institutions as an alternative.