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:

Question

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This type of award is known as Stock Appreciation Rights (SARs). It offers the executive the right to receive either cash or company stock based on the increase in stock price during any time chosen by the executive in the option period. There is no requirement of executive financing, which makes it different from Phantom Stock. Restricted stock and Performance shares are also different types of equity compensation but they do not match the description given in the question.

A Cash or Stock Award Determined by Increase in Stock