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In corporate compensation, to replace exercised stock options with new options on the same stock. For example, a corporate executive who exercises options for 50,000 shares of stock is granted options for an additional 50,000 shares.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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