Page 27 — Snowbound in Scranton — President's Day Steamup at Electric City Trolley Museum. Page 30 — AWC — The mysteries of abrasive water-jet cutting explained. Page 33 — Mad for ‘Max.’ Trepidation about building an engine — even from a kit. Railroad librarian finds that third time is a charm for rail history guide. Page 8 — Latest waybill: Three new locomotives from three makers.
These allow the employees the right to buy shares of the company at a set price (also know as the "strike price" or "award price") within a certain span of time (usually several years).
The direction-handle on Accuraft’s new ‘Dora’ gets hot; a modification..
Passing of three — Aristo-Craft Toy Trains, David Passard, Walter Permann.
The strike price is usually, but not always, set near the market price of the stock on the day the option is granted.
For example, Microsoft can award employees the option to buy a set number of shares at per share (assuming that is the market price of the stock on the date the option is granted) within a period of three years.