Option Agreement Form With Text

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

Description

The Option Agreement form is a legal document that outlines the terms under which a company grants an employee the right to purchase shares of its stock. This agreement, dated January 3, 1996, between Computer Marketplace, Inc. and the Optionholder details the compensation and incentives provided to the employee for their services. Key features include the grant of a specific number of shares at a set exercise price, the vesting schedule over three years, and provisions for exercising the option. The Optionholder can purchase the shares through cash or a 'cashless exercise' method if desired. Additionally, the agreement specifies the rights of the Optionholder as a stockholder, outlines the attorney's fees involved in disputes, and asserts that it constitutes the entire agreement between the parties. The agreement is governed by Delaware state law. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for share options, enhancing employee retention and motivation while ensuring compliance with legal standards.