Dynastic order Dynastic order A dynastic order, monarchical order, or house order, is an order under royal patronage, bestowed by the head of a currently or formerly sovereign royal family as legitimate fons honorum. These are often considered part of the cultural patrimony of the royal family. They are orders of chivalry, and orders of merit just as those distributed by sovereign states, but dynastic orders were often founded or maintained to reward service to a monarch, or the monarch's subsequent dynasty. An example of this difference is seen between the Royal Victorian Order, in which appointments are made as a personal
Restricted stock a popular form of employee compensation because it was possible to record the cost of compensation as zero so long as the exercise price was equal to the fair market value of the stock at the time of granting. Under the same accounting standards, awards of restricted stock would result in recognizing compensation cost equal to the fair market value of the restricted stock. However, changes to generally accepted accounting principles (GAAP) which became effective in 2006 led to restricted stock becoming a more popular form of compensation. Microsoft switched from stock options to restricted stock in 2003, and by