Employee Share Option Plan (ESOP) Agreement template

Employee Share Option Plan (ESOP) Agreement

Between:

[Your Company Name] (hereinafter referred to as the "Company")

And:

[Employee's Full Name] (hereinafter referred to as the "Employee")

Date of Agreement: [Date]

1. Grant Details:

• Grant Date: [Date]
• Number of Options Granted: [Number]
• Exercise Price per Share: [Price]
• Vesting Schedule: [Details]

2. Exercise Period:

• Commencement Date: [Date]
• Expiry Date: [Date]

3. Conditions for Exercise:

• [Specify conditions, e.g., employment status, performance goals]

4. Tax Implications:

• [Provide information on tax implications, if applicable]

5. Exercise Method:

• [Specify how the Employee may exercise the options, e.g., by written notice to the Company]

6. Payment for Shares:

• The Employee agrees to pay the exercise price in full upon exercise of the options.

7. Transferability:

• The options granted under this ESOP Agreement are not transferable, except by will or the laws of descent and distribution.

8. Governing Law:

• This Agreement shall be governed by and construed in accordance with the laws of [Specify Jurisdiction].

9. Entire Agreement:

• This Agreement contains the entire understanding between the Company and the Employee concerning the options granted herein.

10. Acceptance:

• The Employee acknowledges receipt of a copy of this Agreement and agrees to be bound by its terms and conditions.

Employee's Signature: _________________________ Date: ______________

Company Representative's Signature: _________________________ Date: ______________