What is the key difference$/$differences between options used in compensation packages and options traded on exchanges?

Group of answer choices

Options used in compensation packages have vesting schedules whereas the options traded on exchanges do not.

Options used in compensation packages are risk neutral whereas the options traded on exchanges are risk averse.

Options used in compensation packages cannot be traded but must be held or exercised, whereas options on exchanges can be traded.

both a$)$ and c$)$ are correct

All of a$),$ b$),$ and c$)$ are correct