NOTICE OF STOCK OPTION GRANT Clause Samples
The "Notice of Stock Option Grant" clause serves to formally inform an individual, typically an employee or contractor, that they have been granted the right to purchase a specified number of company shares at a predetermined price. This notice outlines key details such as the number of options granted, the exercise price, vesting schedule, and any conditions or restrictions associated with the grant. By providing clear documentation of the stock option award, this clause ensures transparency and helps prevent misunderstandings regarding the terms and rights associated with the stock options.
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NOTICE OF STOCK OPTION GRANT. [Optionee’s Name and Address]
NOTICE OF STOCK OPTION GRANT. Name: Address:
NOTICE OF STOCK OPTION GRANT. Participant: Address: Participant has been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Date of Grant: Vesting Commencement Date: Exercise Price per Share: $ Total Number of Shares Granted: Total Exercise Price : $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:
NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Type of Option: Incentive ☐ OR Non-Qualified ☐ Expiration Date: ___________________________________
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_Grant» Vesting Commencement Date: «Vesting_Commmencement_Date» Exercise Price per Share: $«Exercise_Price_per_share» Total Number of Shares Granted: «Total_Shares» Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement Date.
NOTICE OF STOCK OPTION GRANT. Participant Name: Address:
NOTICE OF STOCK OPTION GRANT. Participant:
NOTICE OF STOCK OPTION GRANT. Name Address The undersigned Optionee has been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:
NOTICE OF STOCK OPTION GRANT. Optionee:
NOTICE OF STOCK OPTION GRANT. Name: Optionee ID: