CERTYNEX IFRS ACADEMY

Verano SA grants options to its executives under three conditions: (a) remain with the company for three years; (b) reach cumulative operating profit of EUR 12 million; (c) a share price of EUR 30 at the end of the three years. Which classification is correct?

(a) service condition; (b) non-market performance condition; (c) market performance condition.

(a) service condition; (b) market performance condition, because it is quantified; (c) non-market condition.

(a) and (b) service conditions, because they depend on the business; (c) market performance condition.

(a) service condition; (b) and (c) market performance conditions, because both are quantified targets.