The program is intended to create more incentives for employees to remain at the company. Given that Google stock rose to greater than $700 a share in late 2007 and now trades around $340 a share, many employees would otherwise find themselves holding worthless options.

Googlers who want to revalue their underwater stock options will have to wait until Tuesday for the voluntary employee option exchange program to launch, Google said in a filing with the U.S. Securities and Exchange Commission on Thursday that did not explain why.

Google announced the one-for-one stock option exchange program last week when it posted its fourth quarter results, which included a decline in earnings from a year ago that were impacted by stock option expenses.

Google said last week that the new options were expected to have an exercise price equal to the closing per-share price on March 2 and that stock options with exercise prices above that would be eligible for exchange. The company also said it expected to take a stock-based compensation charge of $460 million in the first quarter as a result of the program.

“We will send you an e-mail no later than next Tuesday to confirm the new program time line,” the e-mail said. “We will be sharing a comprehensive FAQ with you on the date of launch. We understand this delay will raise questions. For regulatory reasons, it is simply not possible to answer all of your questions before the launch, but please know we remain committed to offering this program.”

The program–which allows allow employees to exchange all or some of their existing stock options for the same number of new options–was scheduled to launch Thursday and end on March 3. Employees were notified of the change in an e-mail sent Wednesday by Laszlo Bock, vice president of People Operations at Google, and which was included in the filing.

Beyonce Knowles and her husband Jay-Z have been busy building their multi-million dollar business empire over the past few years.

Now, the 16-time Grammy Award-winning pop star is gearing up to launch her own bedroom furnishing line.

Already, the former Destiny’s Child front-woman has a very successful cosmetic fragrance, a L’Oreal beauty deal, and her own fashion line, House of Dere’on, which is named after her grandmother.
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The upcoming collection will be designed in partnership with Arrow Home Furnishings and include a design aesthetic of the House of Dere’on and Dere’on apparel lines, which Knowles helms with her fashion designer mother, Tina Knowles.
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It will include bohemian patchwork pieces, metallic threads, diamond quilt stitching and feminine dressmaking details in black, gray and purple hues.

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