There,s another way to compensate management by revising and lowering the exercising price of the original option.I saw that several times with junior miners and usually because the share price had dropped significantly lower over time and they don't see any blue sky in the near and distant horizon.

Obviously,it,s not the case here judging from the form of compensation awareded to Dr Chahar.It,s more or less a cautious figure that shareholder can live with.