Answer:
C. Unlimited time period permitted for exercise of an option as long as the holder is still employed by the company.
Explanation:
Non-compensatory stock option plan allows employees of an organization to buy stocks at a specific price in a specified period of time on equitable basis.
The following are a characteristic of a non-compensatory stock option plan;
- Substantially all full-time employees may participate on an equitable basis.
- The plan offers no substantive option feature.
- Discount from the market price of the stock no greater than would be reasonable in an
offer of stock to stockholders or others.