Option Agreement Form For Cap Round 1

• Category: Corporations - Public - Options
• State: Multi-State
• Control #: US-EG-9495
• Format: Word; Rich Text

Description

The Option Agreement Form for Cap Round 1 is a legal document designed to grant an employee, referred to as the Optionholder, the right to purchase shares of common stock from their employer, Computer Marketplace, Inc. This agreement is structured to incentivize the Optionholder for their contributions to the company, offering an exercise price and a defined vesting schedule over three years. The Option vesting occurs in thirds on the first three anniversaries of the agreement. The option can be exercised within ten years, though the right terminates if the Optionholder ceases employment. Instructions are provided for the method of exercise, including the requirement for immediate funds at the time of purchase. This form is tailored for a diverse audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it outlines key responsibilities and rights of the parties involved. By clearly delineating terms and conditions, the agreement aids in ensuring compliance with corporate governance and protects the interests of both the company and the individual. It also emphasizes that any notices and amendments must be communicated effectively, providing a framework for maintaining the integrity of the agreement.