Noncompensatory stock option plans have all of the following characteristics except: a. participation by substantially all full-time employees who meet limited employment qualifications.
b. equal offers of stock to all eligible employees.
c. a limited amount of time permitted to exercise the option.
d. a provision related to the achievement of certain performance criteria.

d. A provision related to the achievement of certain performance criteria

Explanation:

While compensatory plans are used in order to compensate the employees of a particular company, the noncompensatory stock option is one whereby the employees of a company are allowed to purchase the stock of that company at a particular price t a specific price and at a particular time period.

Some of its characteristics include:

• participation by substantially all full-time employees who meet limited employment qualifications.

• equal offers of stock to all eligible employees.

• a limited amount of time permitted to exercise the option.

Option D that "provision related to the achievement of certain performance criteria" isn't a characteristics. Therefore, D is the answer.

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explanation: