Ontario Sweat Equity Agreement
Offer shares for services provided to your company with this Sweat Equity Agreement for Ontario businesses.
- Shares in the company are offered to an independent contractor who will provide services to the company in exchange for an option to purchase shares.
- The contractor will not be paid any fees for the services but will be reimbursed for pre-approved expenses.
- The share option will vest after the services have been fully performed, provided the contractor is not in default under the agreement.
- Upon purchase of the shares, the contractor agrees to become a party to the company's shareholder agreement.
- This is a downloadable legal form template which is fully editable to fit your business needs.
- Intended to be used only in the Province of Ontario, Canada.
Download Type:
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Microsoft Word
Last Updated: 19-January-2022