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Notice Of Grant Of Stock Option Templates Free Download

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Below is the Notice Of Grant Of Stock Optiontemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link.

NOTICE OF GRANT OF STOCK OPTION


This Notice of Grant of Stock Option (the Agreement) is made and effective on [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Corporation"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [YOUR COMPLETE ADDRESS]


AND:  [SECOND PARTNER NAME] (the "Optionee"), an individual with his/her main address located at:

  [COMPLETE ADDRESS]


Notice is hereby given of the following option grant (the "Option") to purchase shares of the Common Stock of [YOUR COMPANY NAME] (the "Corporation"):


Optionee:       [INDIVIDUAL NAME]
Grant Date:       [EFFECTIVE DATE]
Vesting Commencement Date:   [EFFECTIVE DATE]
Exercise Price:       [AMOUNT] per share
Number of Option Shares:   [NUMBER] shares
Expiration Date:     [EFFECTIVE DATE]
Type of Option:       Non-Statutory Stock Option
Vesting Schedule:   [PERCENTAGE %] of the Option Shares are fully vested as of the Vesting Commencement Date.


Optionee understands and agrees that this Option is granted subject to and in accordance with the terms of the Stock Option Agreement with Optionee. Optionee further agrees to be bound by the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A.


NO EMPLOYMENT OR SERVICE CONTRACT

Nothing in this Notice or in the Stock Option Agreement shall confer upon Optionee any right to continue offering his/her services for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to terminate Optionee's service/employment at any time for any reason, with or without cause.

OPTIONEE            CORPORATION


                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title
EXHIBIT A
STOCK OPTION AGREEMENT


EXHIBIT B
NON STATUTORY STOCK OPTION AGREEMENT

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