Which of the following statements about share benefits is TRUE?

Select one:

a.

Share awarded by employer to employee without vesting period are taxable when the employee is entitled to the ownership of the shares.

b.

Share option granted by employer to employee is taxable when the shares are sold by the employee.

c.

Bonus awarded by employer to employee under phantom share scheme is not taxable.

d.

Share option granted by employer to employee is taxable when the option is granted.