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Stock Option For Employees Not Tax Sheltered
(This form prepares a stock option for employees of a business. It has no tax sheltering aspects at all and is appropriate for use only after tax advice.)
Employee Stock Option
[Name], Inc., referred to as Employer, and (Name), referred to as Employee agree:
In consideration of meritorious service by Employee on behalf of Employer, Employer grants to Employee the option to purchase Common stock of Employer.
The option may be exercised after the Employee has served (--) months of total employment.
Employee shall be eligible to purchase (--) shares of stock every (--) months, or in the event of stock splits or other re-capitalization, an equal amount of shares, at (--%) per cent of market value.
For [Name], Inc.
*** If Required By State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____