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20 April 2006 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Center 20 Bond Street Sydney NSW 2000 Dear Sir, Re: Issue of Options under the Sylvia Resources Option
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How to fill out issue of employee options?

01
Obtain the necessary forms: The first step to fill out the issue of employee options is to acquire the required forms from the relevant authority. This may vary depending on your jurisdiction and the specific type of employee options being issued.
02
Understand the instructions: Carefully read and understand the instructions provided with the forms. The instructions will outline the information you need to provide and the sections you need to complete.
03
Provide employee details: Fill in the employee details section of the form accurately. This may include the employee's full name, employee identification number, position, and any other relevant information as required.
04
Specify the options details: Enter the specific details of the employee options being issued, such as the number of options granted, the exercise price or strike price, the vesting schedule (if applicable), and any other relevant terms and conditions.
05
Include relevant supporting documents: Attach any necessary supporting documents as requested, such as a copy of the employee's employment agreement or any board resolutions relating to the issuance of the options.
06
Review and double-check: Before submitting the form, review all the information provided and ensure its accuracy. Double-check that you have filled in all the required sections and attached any necessary documents.
07
Sign and submit: Once you are satisfied with the form, sign it where necessary and submit it to the appropriate authority or department responsible for processing employee options.

Who needs issue of employee options?

01
Employers: Employers who wish to incentivize and reward their employees often utilize employee options as a form of compensation. By issuing employee options, employers can align the interests of their employees with those of the company, promoting loyalty and motivation.
02
Employees: Employees who are eligible for employee options have a vested interest in the issue of employee options. By receiving options, employees have the opportunity to benefit from any potential future increase in the company's value. It also allows them to participate in the company's success and performance.
03
Investors and stakeholders: Investors and stakeholders in the company may also be interested in the issue of employee options. This is because the issuance of options can impact the company's financial standing and potentially affect the valuation of their investments or holdings.
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Employee options refer to the right given to employees to purchase company stock at a specified price within a specified period of time.
Employers are required to file issue of employee options to allow employees to purchase company stock.
To fill out issue of employee options, employers need to provide details on the number of options granted, exercise price, and vesting schedule.
The purpose of issue of employee options is to incentivize employees, align their interests with the company's goals, and retain top talent.
The information to be reported on issue of employee options includes the number of options granted, exercise price, vesting schedule, and tax implications.
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