Ahhh, Mono, POET has no employees after DL is sold, outside of the BoD (7) and the management team (3), of which SV belongs to both....nine in total.
I understand the idea behind options, no need to explain them at length.
10 years to exercise gives shareholders, the owners of the company, no sense of certainty that something will happen soon, even though we know that is not the case, or at least hope that is not the case.
While I agree that IF management has put together something outstanding they deserve a huge bonus, I still fail to see why 10 years was necessary, despite your lengthy prose.