Ontario Key Personnel One-Off Grant of Stock Options

Give your key personnel an incentive to stay with the company by issuing them stock options. This One-Off Grant of Stock Options template is for Ontario corporations.

• The grant of option is for a percentage of the participating common shares on a fully diluted basis.
• Option shares are non-voting, but they otherwise have all the same rights as the other common shares.
• The option vests fully immediately upon issue of the grant, however, the optionee must be employed by the company to exercise all or any part of the option.
• Unexercised options expire 90 days after the death of the optionee.
• This template is downloadable and fully editable to fit your business needs.
• Intended for use only in the Province of Ontario, Canada.