Stock Options and Incentive Plans

Authorize stock options to key personnel with this package of Directors Resolutions for Alberta corporations.

• The package contains the following documents:
  • Resolutions of the Directors authorizing the options and setting out the numbers of shares to be issued to each person, and the option price,
  • an Amending Resolution changing the option price of shares under existing stock option agreements.
• Stock options cannot be issued without the authorization of the Board.
• Available in MS Word format. Reusable and editable.
• Intended to be used only for companies incorporated under the Alberta Business Corporations Act.

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.

Set up a Deferred Compensation Plan for outside directors with this downloadable template for USA companies.

• The plan is only for directors who are not employees of the company or any of its subsidiaries.
• The Plan allows the non-employee directors to defer receipt of all compensation which would otherwise be paid to them for acting as a director, for income tax purposes.
• A participant in the Plan can elect to have the deferred compensation invested in shares of the company's common stock or let it accumulate and earn interest.
• You can customize the template to fit your company's needs and specifications. 
• Intended for use only in the United States.

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.

Reward your employees for their contributions to your company's success with this Employee Bonus Plan for U.S. businesses.

• All full-time and part-time staff who are not enrolled in any other type of incentive plan with the company are eligible to take part.
• The committee administering the plan will have full authority to set the performance criteria upon which bonuses are determined, and the bonus amounts to be paid out.
• The members of the committee, board of directors, and employees involved in administering the Plan are not liable to any person for any good faith action or determination made with respect to the Plan.
• A bonus pool will be established for each period during which performance measurements are evaluated. The bonus pool will be allocated among the eligible participants as determined by the committee.
• Available as a fully editable MS Word download.
• Intended for use in the United States.

Give your employees an opportunity to become shareholders in the company by setting up an Employee Stock Purchase Plan funded by an interest-free loan.

• Interest-free loans are given to eligible employees of the company as an incentive to allow them to purchase shares of stock and participate in the business' future.
• Eligible employees sign a promissory note for repayment of the loan.
• The employee may pay the loan before maturity without bonus or penalty.
• A trustee will hold the shares in trust for the employee, and will release a certain percentage of the shares at each anniversary of the purchase date, provided that the employee is not in default of payments under the note.
• Employees who are part of the company are more dedicated, more loyal and more engaged. Incentivize your staff with an Employee Stock Purchase Plan.

Set up an Equity-Based Long Term Incentive Plan in your company with this downloadable template for U.S. businesses.

An Equity-Based Long Term Incentive Plan is an effective way for companies to motivate and reward their key employees and officers. By utilizing this downloadable template, businesses can set the parameters for their incentive program.

Participation and Benefits

The Plan enables key employees and officers to become stockholders, offering them a direct stake in the company's success. This alignment of interests helps foster dedication and commitment among the leadership team.

Attracting and Retaining Talent

Implementing a well-structured incentive plan enhances a company's ability to attract and retain top-tier talent. By providing meaningful rewards, the Plan supports the development of a skilled and loyal workforce.

Types of Awards

Awards granted under the Plan may include stock options, stock appreciation rights, deferred stock, restricted stock, or a combination of these elements. This flexibility allows companies to tailor their incentive offerings to meet organizational goals and employee expectations.

Getting Started

Download your copy of the USA Equity-Based Long Term Incentive Plan template today and begin rewarding your key contributors, strengthening your company's future and supporting ongoing growth.

Legality

This Plan is drafted in accordance with United States securities legislation, ensuring compliance and legitimacy for participating organizations.

Give your directors and employees an opportunity to buy shares with this non-plan Stock Option Agreement for Canadian companies.

• Stock options are valuable incentives for attracting and retaining great people to your organization.
• This form of Stock Option Agreement is for a company which does not have a stock option plan.
• In the event of retirement, disability or death of the optionee, the optionee's legal representative may exercise the option within 1 year.
• If the optionee is no longer employed by the company, the option will expire.
• If the company subdivides or reorganizes its capital, the option and the option price will be adjusted accordingly.
• This legal contract template is downloadable and fully editable.
• Intended for use only in Canada.

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 is a generic form (not country specific) and is fully editable so it can be easily customized for your company's needs.

Employers, provide incentives to a valued employee with this Offer of Continued Employment with Phantom Equity.

• The employment will continue at the current rate of compensation, with bonuses paid from surplus profit distribution.
• The employee will be paid phantom equity compensation if the company is sold or undergoes a change of control.
• The phantom equity will consist of a percentage of the proceeds of the sale and will be subject to applicable employee source deductions.
• The offer contains standard employee confidentiality, non-solicitation and non-competition provisions.
• This template is provided in MS Word format and is totally editable to meet your specific circumstances.
• This is a generic form that can be used in many jurisdictions.