Employee stock options:

A$)$ Are frequently repriced if the options are in$-$the$-$money.

B$)$ Usually have a positive intrinsic value when issued.

C$)$ Must be backdated at least six months to comply with Sarbanes$-$Oxley.

D$)$ Are generally issued with a zero intrinsic value.

E$)$ Are generally "underwater" when issued.