7,14 Executive Stock Options continued They become vested after a period ot time They cannot be sold They often last for as long as 10 or 15 years Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 7.14 Executive Stock Options continued • They become vested after a period ot time • They cannot be sold • They often last for as long as 10 or 15 years