Backdating income support

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If, however, Company XYZ decides to backdate the options, it could change the paperwork to state that it actually granted those stock options to John on, say, June 15, 2008, when the stock was only trading at per share.

This would mean that John's 2012 stock option grant would have an exercise price of per share instead of per share.

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That is, he has the right but not the obligation to purchase 1,000 shares of Company XYZ stock for per share.Typically, the grant date of the stock options is the same as the date of the board meeting.This is important to note, because the grant date is what determines the exercise price on the options.This only applies if you (or your partner) are not in receipt of Jobseekers Allowance, Income Support, or Employment and Support Allowance.If we can backdate your claim, the most we can go back is 3 months before you made your claim.

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