Templates
Financial
Stock Option Agreement
Grants employees or consultants the right to purchase company shares at a predetermined price. Covers vesting schedules, exercise procedures, and tax implications for equity compensation.
Key Clauses
1
Grant of Options
Specifies the number of shares, exercise price, and grant date.
2
Vesting Schedule
Defines the timeline and conditions under which options vest.
3
Exercise Period
Sets the window during which vested options can be exercised.
4
Termination Provisions
Details what happens to options when employment ends.
5
Tax Obligations
Outlines the tax responsibilities of the option holder.
Use This Template
When You Need This
- Offering equity compensation to attract key employees
- Granting stock options to advisors or consultants
- Establishing a formal employee stock option plan