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Performance Option

English translation: option exercisable upon performance

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Performance Option
Selected answer:option exercisable upon performance
Entered by: Nattalya

08:12 Feb 17, 2008
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: Performance Option
In a recognition stock option agreement
The Performance Option shall become vested and exercisable on (date) with respect to __ % of the shares of Common Stock
Nattalya
Local time: 12:41
option exercisable upon performance
Explanation:
Performance here is (almost most of the time) rate of return. If an asset returns certain rate beyond set benchmark, then the option becomes exercisable. Benchmark can be rate of return of another asset (see ref 1).


Ref 1:
Out-performance Option
An option on the performance of one asset in excess of the performance of another.

Ref 2:
Relative performance option: Option whose value varies in line with the relative value of two assets.
Selected response from:

ErichEko ⟹⭐
Indonesia
Local time: 16:41
Grading comment
Thank you very much!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4option exercisable upon performance
ErichEko ⟹⭐


Discussion entries: 2





  

Answers


1 day 17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
performance option
option exercisable upon performance


Explanation:
Performance here is (almost most of the time) rate of return. If an asset returns certain rate beyond set benchmark, then the option becomes exercisable. Benchmark can be rate of return of another asset (see ref 1).


Ref 1:
Out-performance Option
An option on the performance of one asset in excess of the performance of another.

Ref 2:
Relative performance option: Option whose value varies in line with the relative value of two assets.



    Reference: http://www.sovereign-consultancy.nl/gb/o.asp
    Reference: http://www.yieldcurve.com/MarketGlossary/beginning.asp?pos=R
ErichEko ⟹⭐
Indonesia
Local time: 16:41
Works in field
Native speaker of: Native in IndonesianIndonesian
PRO pts in category: 20
Grading comment
Thank you very much!
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