TY - JOUR T1 - Structuring Option Grants to Pay for Performance JF - The Journal of Private Equity SP - 35 LP - 39 DO - 10.3905/jpe.2002.320016 VL - 5 IS - 3 AU - Christopher B. Waldorf Y1 - 2002/05/31 UR - https://pm-research.com/content/5/3/35.abstract N2 - Options have become an ever-increasing part of executive compensation for start-ups, buyouts, and existing public companies. This article discusses the two major flaws with many current option plans, to wit: 1) that the exercise price does not change over time; and 2) that the time in which an executive can purchase the options is not limited. This article discusses how to address these problems and why options remain a vital compensation scheme. ER -