Whether requirement of pre-clearance is applicable for exercise of employee stock options?
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This discussion clarifies that pre-clearance is generally not required for exercising employee stock options, provided the vesting period is met. Eligibility for stock plans often involves a one-to-two-year tenure, though this can vary based on company policy, with some plans being exclusive to managers. The number of options an employee can receive and the subscription price (fixed or fair value) are also determined by the company's discretion.
That is one way of allocating shares between all applicants. Go through this link- https://www.toppr.com/guides/principles-and-practices-of-accounting/issue-forfeiture-reissue-of-shares/pro-rata-allotment/
I also have read that applications are accepted on FIFO basis as well.
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