Backdating a updating distribution list
ESOs are usually granted at-the-money, i.e., the exercise price of the options is set to equal the market price of the underlying stock on the grant date.Because the option value is higher if the exercise price is lower, executives prefer to be granted options when the stock price is at its lowest.Backdating allows executives to choose a past date when the market price was particularly low, thereby inflating the value of the options.
When we have made the decision we will write to you.
Housing benefit and/or council tax support can be considered for backdating up to one month (this changed in April 2016).
You will need to submit your request for a backdate in writing and show that you had continuous 'good cause' for failing to make an earlier claim.
If you claim housing benefit and/or council tax support we must consider your claim from any period in the three months before the day the claim is actually received.
We can only do this if you are liable to pay rent or council tax during this period and you are entitled to claim.