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Stock Option Agreements (for larger organizations)

PN
By Penno TeamCreated 2/5/2025
AgreementsContractsHuman Resources (HR) Documents

Stock Option Agreement

1. Introduction

This Stock Option Agreement (the "Agreement") is made as of [Date] between [Company Name] (the "Company") and [Employee Name] (the "Employee").

2. Grant of Option

The Company hereby grants to the Employee the option to purchase [Number] shares of the Company’s common stock at an exercise price of [Price] per share.

3. Vesting Schedule

The options shall vest according to the following schedule:

  • [Percentage]% after [Time Period]

  • [Percentage]% after [Time Period]

4. Exercise of Option

The Employee may exercise the option by providing written notice to the Company and paying the exercise price.

5. Termination of Employment

In the event of termination of employment, the Employee shall have [Number] days to exercise any vested options.

6. Miscellaneous

This Agreement shall be governed by the laws of [State/Country].

7. Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

__________________________
[Company Representative Name]
[Title]

__________________________
[Employee Name]

A detailed template for stock option agreements in larger organizations.
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This template provides a comprehensive outline for creating stock option agreements tailored for larger organizations, ensuring compliance and clarity.

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