Ontario Employee Stock Option Plan

Give your key employees an opportunity to buy shares in the company with this Ontario Employee Stock Option Plan.

• If an optionee does not exercise its maximum number of options during an option year, the balance is carried forward to the following year.
• On the death of a participant, the participant's estate has 90 days to exercise outstanding options.
• Options expire immediately upon termination, retirement or removal from office.
• Shares are transferable, but options are not.
• The company has a first right of refusal on all shares issued pursuant to the stock option plan.
• Upon death, retirement, disability or termination, a participant has a put option and the company has a call option.
• The Board may exercise a mandatory buy-out option upon a sale of the company.
• Available in MS Word format.
• Intended for use only in the Province of Ontario, Canada.