Such restricted stock awards are the generally fashionable replacement for the stock options of yore.
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As is common for senior Apple execs these are not options or direct stock awards but restricted stock.
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Under ARRA, TARP participants were banned from paying or accruing any bonuses, retention awards or incentive compensation, though they could give or receive restricted stock that vested over time as a company's obligation under TARP was repaid.
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