Employee stock options are similar to exchange traded call options issued by a company with respect to its own stock. At any time before exercise, employee stock options can be said to have two components: time value and intrinsic value. Any remaining time value component is forfeited back to the company when early exercises are made.
An arithmetic logic unit (ALU) is a digital circuit used to perform arithmetic and logic operations. It represents the fundamental building block of the central processing unit (CPU) of a computer. Modern CPUs contain very powerful and complex ALUs. In addition to ALUs, modern CPUs contain a control unit (CU).
Virginia Union University (VUU) is a historically black university located in Richmond, Virginia, United States. It took its present name in 1899 upon the merger of two older schools, Richmond Theological Institute and Wayland Seminary, each founded after the end of American Civil War by the American Baptist Home Mission Society.