Canada Employee and Director Stock Option Plan

Create a Stock Option Plan for key employees and directors of a Canadian company with this template Employee and Director Stock Option Plan.

• Participation in the Stock Option Plan is voluntary.
• Rights under the Plan are non-transferable by the participant (except upon death, when exercise rights pass to the legal beneficiaries).
• The company's board of directors will determine which employees are eligible to receive stock options.
• At the discretion of the board, the terms of unexercised options may be renegotiated, including exercise price.