Questions and Answers on the Plan Questions and Answers Option Grants Q . September 1 through August 31. Under the Plan provisions, the grant of options under the Plan should not affect awardees' taxable income until the options are exercised. Awardees may want to consider changing withholding elections in the year that options are exercised.
Tax advisors can provide specific information and advice.
Assets and Investments Q . The assets of this Plan remain with the University. The assets are subject to the claims of creditors of the University. The University will require that the fund prospectus be made available upon request. Awardeeswill be immediately vested in the options on the grant date.