According to Michael B. Amey, Johns Hopkins University's assistant dean for research administration, even though some JHU postdocs are classified as employees, «the only postdocs who would be allowed to submit an independent research grant proposal (as opposed to a fellowship grant) would be those who had been offered faculty positions that would begin no later than the proposed start date of the grant proposal.» (sciencemag.org)
There is a time limit on the exercise, typically 10 years from the date of grant. (inc.com)
The fair value of options with service conditions was determined at the date of grant using the Black - Scholes model. (sec.gov)