Yes agreed with that. The earnings are not insurable so not subject to EI, but they are pensionable and subject to CPP and taxable as employment income. So it is my understanding that the company would be required to remit the appropriate amounts and presumably it would be funded by those who are exercising the options. What I am not sure of is how this would be applied if those who are exercising the options are non-residence and subject to taxation in a different jurisdiction. Preumably there would be some sore of non-resident withholding but not exactly sure.