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Company Co. has 1,000 employees and it decides to grant each of the employees 200 share options as part of its new rewards plan.

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Company Co. has 1,000 employees and it decides to grant each of the employees 200 share options as part of its new rewards plan. The options are exercisable over 5 years and subject only to the condition that the company's stock price must be at least 30% higher than its original issue price. Company Co.'s share-based payments are subject to: Non-market performance conditions Service condition Service and market performance conditions Non-vesting condition

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