The original provisions of the 1999 stock incentive program


Question: The original provisions of the 1999 Stock Incentive Program included the opportunity for a "cashless exercise." Why were these company loans strictly prohibited by the Sarbanes-Oxley Act? How does this prohibition impact the decision of companies like Jones that are distinguishing between stock options and restricted stock in compensation packages?

Information related to above question is enclosed below:

Attachment:- JonesApparelCase-Governance.rar

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The original provisions of the 1999 stock incentive program
Reference No:- TGS02848370

Now Priced at $25 (50% Discount)

Recommended (98%)

Rated (4.3/5)