Connecticut Approval of option grant

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Multi-State
Control #:
US-CC-18-366A-NE
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This is a multi-state form covering the subject matter of the title.
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FAQ

A stock grant provides the recipient with value?the corporate stock. By contrast, stock options only offer employees the opportunity to purchase something of value. They can acquire the corporate stock at a set price, but the employees receiving stock options still have to pay for those stocks if they want them.

Logging into your Carta account will take you to the Tasks page, where you will accept your option grant. You can click on View Details link to review your option, including the documents. To accept, click on Accept.

An option grant is a right to acquire a set number of shares of stock of a company at a set price.

If the stock value increases, you could make significant financial gains?but only if you've exercised (purchased) your options. And you can only do that if you've accepted your grant. The earlier you understand your options and the financial implications of exercising, the sooner you can make smart financial decisions.

Option grants are a type of employee compensation that allows employees to purchase company stock at a discounted price. While option grants have many benefits for employers and employees, they also come with risks and tax implications that should be carefully considered.

What are option agreements? Option grants are how companies award equity to employees. Signing an offer letter isn't enough. The option agreement outlines all the details of an employee's option grant. The option agreement is a more detailed version of an offer letter.

The grant price is the price at which you can purchase shares, and the grant date is the day the stock options are given to you. Vesting is the process of fulfilling the grant (promise). The vesting schedule determines the vesting date - the date when you can begin purchasing stock and using your options.

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Connecticut Approval of option grant