Reload Option

Reload Option

Employee stock options that can be traded for more employee stock options. When this option is exercised, the option holder pays the strike price in stock already in his/her possession, rather than in cash. A reload option must be exercised prior to the expiry date because the new stock options retain the former expiry date. When the reload option is exercised a new strike is set; it is equal to the market value of the underlying stocks at the time the first option is exercised. This is useful to an employee if he/she wishes to set a new, lower strike for the option. See also: Early Exercise.
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An offline reload option is also available via the use of a soft pin.
Just to test the hot reload option, I made a quick change to some text, and clicked save.
"With this reload option you can: Save money 6 enjoy no reload fee, reload anywhere 6 make a transfer from any computer," the site read.
Portfolios such as the Univision MasterCard Prepaid Card will be able to offer their cardholders the new cash reload option through Walmart Rapid Reload.
The fast reload option allows missiles to be rapidly fired.
The reload option preserves an employee's opportunity to benefit, to the same extent as before the exercise, from further appreciation in the stock of the employer.
If the changes were made but do not seem apparent, a Reload option in the browser forces it to actually load the most recent page from the Bridges site.
Reload option grants are also being used to increase executive share ownership.
In a reload option, the minimum award of 1,000 options from the above example is established, but the ultimate number of options is unknown because of two variable factors: (a) the market price at the date of exercise and (b) whether the employee will elect a stock-for-stock exercise, cash-for-stock exercise or a combination of both.
After using up the included data caps, customers will be able to buy reloads for either 1GB (MYR30, valid for seven days), 3.5GB (MYR30, 30 days) and 6GB (MYR50, 60 days); those customers opting for either of the latter two reload options will also benefit from a 500MB bonus.
Loewenstein, 2003, "Employee Reload Options: Pricing, Hedging, and Optimal Exercise", Review of Financial Studies, 16:145-171
Further, some will question extending "fixed award accounting" to reload options granted to employees.