A Company Issued Share Option Is an Instrument That Gives

A company issued share option is an instrument that gives the holder the right but not the obligation to:

A) buy a certain number of shares in the company by a specified date at a stated price;
B) sell a certain number of shares in the company by a specified date at a stated price;
C) receive a certain dividend declared by the company by a specified date;
D) receive a bonus issue of shares in a proportion as notified by the company.