Employee stock options are similar to exchange traded call options issued by a company with respect to its own stock. At any time before exercise, employee stock options can be said to have two components: time value and intrinsic value. Any remaining time value component is forfeited back to the company when early exercises are made.
An arithmetic logic unit (ALU) is a digital circuit used to perform arithmetic and logic operations. It represents the fundamental building block of the central processing unit (CPU) of a computer. Modern CPUs contain very powerful and complex ALUs. In addition to ALUs, modern CPUs contain a control unit (CU).
These celebrations were called ahaaina (âgathering for a feastâ). The term âluauâ actually came much later and refers to the edible taro leaves that are used to wrap the food before being placed in the imu (underground oven). In the past, men and women were not permitted to eat together.