Final answer:
The statement is false; the grant date is when stock options are given, whereas the exercise date is when an employee opts to buy the stock.
Step-by-step explanation:
The statement is false. The date on which stock options are granted to the employee is known as the grant date. The exercise date is actually the date on which the employee follows through with their right to buy the company's stock at the predetermined price set on the grant date. Stock options are part of an employee's compensation package and serve as an incentive to align the interests of the employees with those of the shareholders of the company. Knowing the difference between the grant date and the exercise date is crucial for understanding how stock options work.