Ontario Key Personnel One-Off Grant of Stock Options

This checklist for developing employee stock option plans in private companies will guide you through the issues you need to consider and the questions you need to answer.

• The checklist includes such issues as:
  • determing what benefits are to be derived from the plan;
  • pitfalls to avoid;
  • valuation of your business;
  • investment opportunities;
  • drag-along provisions;
  • anti-dilution provisions;
  • liquidity;
  • tax planning;
  • profit sharing.
• This is an invaluable tool for any privately held company that wants to implement an incentive plan for its employees.
• Available in MS Word format.

Notify your employees that they have been granted stock options under a stock option plan with this downloadable Notice of Grant of Stock Options form.

The Notice form sets out:

• the number and class of option shares granted to the employee,
• the earliest and latest dates by which the options can or must be exercised,
• the vesting requirements,
• the option price per share.

This Notice of Grant of Stock Options is generic (not country specific) and is fully editable so it can be easily customized for your company's needs.

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.

Authorize the establishment of an Employee Stock Option Plan (ESOP) to issue stock options to key personnel with this Resolutions Package for Ontario corporations.

• This forms package contains:
  • Resolutions of the Shareholders approving the ESOP.
  • Resolutions of the Directors authorizing the corporate officers to take all necessary actions to establish the ESOP.
  • Resolutions of the Directors approving a policy statement outlining the Plan and implementing the ESOP.
  • Resolution of the Directors granting stock options to certain employees, directors and consultants.
• The forms are available as a single downloadable MS Word file, which is fully editable.
• Intended to be used only in the Province of Ontario, Canada.