Incentive stock options are:

Question $50$ options:

a$)$

Options that are not taxable to the recipient when the option is granted, even if the market price of the stock is higher at that time than the option price

b$)$

Options that are not taxable to the recipient when the option is granted, unless the market price of the stock is higher at that time than the option price

c$)$

Options that are not taxable to the recipient when the option is granted, unless the market price of the stock is lower at that time than the option price

d$)$

Options that are provided as an incentive for a manager to retire

e$)$

None of the above