A cash or stock award determined by increase in stock price during any time chosen by the executive in the option period, which does not require executive financing is known as

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This type of award is known as stock appreciation rights, as it allows the executive to receive a cash or stock award based on the increase in stock price during any time chosen by the executive in the option period, without requiring the executive to finance the purchase of stock. Phantom stock, restricted stock, and performance shares may require different forms of financing or have different criteria for determining the award.

A Cash or Stock Award Determined by Increase in Stock