Notify your employees that they have been granted stock options under a stock option plan with this downloadable Notice of Grant of Stock Options form.
The Notice form sets out:
- the number and class of option shares granted to the employee,
- the earliest and latest dates by which the options can or must be exercised,
- the vesting requirements,
- the option price per share.
This Notice of Grant of Stock Options is generic (not country specific) and is fully editable so it can be easily customized for your company's needs.
GRANT OF STOCK OPTIONS [on company letterhead] November 1, 2012 To: [Name of Eligible Person] Re: Employee Stock Option Plan Grant of Options You have been designated as an Eligible Person under the [name of company] (“Company”) Employee Stock Option Plan (“Plan”) and are hereby granted Options under the Plan as follows: Date of Grant Designated Amount (number and class of shares of the Company you have the option to purchase) Earliest Exercise Date (the earliest date you are allowed to exercise your options) Latest Exercise Date (the date on which your options will expire, if you have not previously exercised them) Vesting Requirements and Vesting Deadlines (any particular conditions which must be satisfied before you can exercise your options, other than your still being employed by the Company at the time you do so) Strike Price (the price per share you must pay if you decide to exercise any of your options) This Grant of Options is subject to the Plan document and the Shareholders’ Agreement referred to in the Plan, copies of which are available for you at your request. If you agree to participate in the Plan and comply with its terms and conditions, please sign one copy of this letter and return it to
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