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    Employee and Director Stock Option Plan | Canada


    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.
    • This template form is downloadable and fully editable.
    • Intended for use only in Canada.
    Download Type: Microsoft Word
    Last Updated: 28-June-2021
    SKU: 770
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    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.
    The Ontario Key Personnel One-Off Grant of Stock Options template is downloadable and fully editable to fit your business needs.