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    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.
    Download Type: Microsoft Word
    Last Updated: 05-October-2021
    SKU: 1062