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|French to English translations [PRO]|
Bus/Financial - Human Resources
|French term or phrase: dates d'échéance|
|A company is granting stock options to certain of its employees. There is a list of the names of the beneficiaries, the number of options granted, the |
option exercise price and the "dates d'échéance", given as 31/1/2012.
How should the "dates d'échéance" be translated here? Is it "expiration
|English translation:expiry date|
Well, I'll throw my hat into the ring in an attempt to be constructive/steal the points.
Tax Rules on Employee Stock Option Plans - [ Traduzir esta página ]
... Stock option plans are quite often an integral part of an employee’s ...
can exercise the option any time thereafter until the expiry date, if any. ...
www.professionalreferrals.ca/article-722.html - 22k
Valuing Employee Options
The option is an asymmetric contract which gives the employee the right to buy stock at a determined price/determined prices until a certain date. After that date, if the employee does not take action, he/she loses the right. I thus agree with Jane that you shouldn't describe the loss of a right due to an expiring deadline as the 'maturing of an option', because it is fundamentally different from a bilateral contract such as a bond where principal is returned to the holder on maturity.
Having said this, I have to point out that collective ignorance on this point is great, as can be seen from the following reference:
Valuing Employee Options
If an employer has issued stock options to you or your client, you may need to know what the options are worth. In typical stock option plans, the employee is granted the right to purchase a fixed number of shares at a stated price on or before a specified date. Whether for financial reporting, estate planning, transaction advisory, or marital dissolution purposes, you may need an independent valuation of the options.
An option is a derivative security; that is, its value is determined from the value of some underlying asset. A call option gives the holder the right (but not the obligation) to purchase an asset for a specific price, called an exercise or strike price, on or before some specified date (expiration or maturity date). For example, a February call option on Dell Computer with a $20 exercise price entitles the call owner to purchase Dell stock for $20 at any time on or before the expiration date in February. The option premium is the price paid for (and value of) the option
So while I sympathise with Jane's views, I am forced to admit the existence of people who think that options mature like bonds and cheese.
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Local time: 19:28
|Thank you everyone, not easy is it? I think "expiry date" fits though I'm still somewhat unsure.|
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