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Each company decides how its grant program operates, but most of the time employees must continue to work for the company and cannot exercise their granted options (sell their granted shares) for a set period of time.

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To qualify for an Extended Payment you must have been receiving “out of work related benefits” continuously for 26 weeks or more and those benefits end because you start employment or self employment or increase the number of hours of employment.

Housing Benefit should cover any service charges that must be paid if you are living at that property such as maintaining a communal area.

It does not cover costs such as heating, water, gas or electricity.

These can include education loans, research money, and stock options.

Some grants have waiting periods, called lock-up or vesting periods, before the grantee can take full ownership of the financial reward.

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