Employee Stock Option Agreement Template India

2.15. Taking society into account. Given the company`s granting of options, Optionee is committed to providing consistent and effective services to the company or subsidiary. Nothing in the plan or in this agreement confers on Opione the right to continue the operation of the business or subsidiary, or to interfere with the rights of the company and its subsidiaries expressly reserved herein, or (b) to continue to provide services to the company or subsidiary, or to affect or restrict in any way the rights of the company or its subsidiaries. , or in any way the rights of the company or its subsidiaries. which are expressly reserved at the end of Optionee`s services if Optionee is a consultant, at any time for any reason, with or without reason, unless a written agreement between the entity and Optionee expressly provides otherwise. In accordance with its equity incentive plan [ongoing] (the “plan”), modified from time to time (the “plan”), [business name] of a Delaware company (the “company”), below concedes the option (“Optionee”), an option to purchase the number of shares of the common share of the entity described below, subject to the terms of the plan and this option agreement (this option agreement). Unless otherwise stated, the terms defined in the plan have the same meanings defined in this option agreement. 4.1.4. Payment. The payment of the purchase price is made at the choice of the company or its agent in cash (by cheque), by cancellation of all or part of the holder`s outstanding debt with the company (or, in the event of a buyout by an assignee, the assignee) or by a combination of the latter within thirty (30) days of receipt of the notification or the manner and periods agreed by the company that have been mutually agreed by the company and company. owner. Each enhanced language [GREEN] is intended for the user.

Any language highlighted [YELLOW] is considered optional or conditional by the legal community. Talk to a lawyer before using this document. This document is not a substitute for legal advice or services. For more information, please see our terms of use. 2.12. Stock restrictions. Optionee accepts that the shares acquired during the exercise of the option be subject to conditions that the administrator determines at sole discretion, including, but not limited to restrictions on the portability of the shares, and a pre-purchase right in favour of the company with respect to authorized transfers of shares. These conditions may, at the sole discretion of the administrator, be contained in the exercise communication regarding the option or any other agreement that the administrator determines and which the option taker accepts at the entity`s request.

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