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The general reason companies backdate options is to create a lower exercise price, which in turn increases the probability that exercising the options will make more money for the optionee.
Stock prices change, however, and there is no guarantee that any stock price will ever be above the exercise price.
This only applies if you (or your partner) are not in receipt of Jobseekers Allowance, Income Support, or Employment and Support Allowance.
This is important to note, because the grant date is what determines the exercise price on the options.
Let's say that John now decides to exercise his stock options.
On the day he decides to exercise his options, Company XYZ shares are trading at .
If they are able to work or are signing on then the equivalent benefit is Income Based Jobseekers Allowancewhich is worked out in much the same way as Income Support. How to qualify for Income Support The applicant must be1 living and resident in the U.
K.2 be 16 or over and under Pension Age3 not be doing 16 or more hours of paid work, per week, (if you have a partner then they must not be doing 24 hours or more paid work per week) there are many people who are allowed to work over these hours and remain entitled to Income Support, Carers, Disabled, Childminders, etc seek advice.4 not be in full-time education, again many exceptions to this rule, e.g.The rules about when we can pay a backdate are different for people who are working age and people who have reached pension age.