This non-employee director option agreement grants the optionee (the non-employee director) a non-qualified stock option under the company's non-employee director stock option plan. The option allows optionee to purchase shares of the company's common stock up to the number of shares listed in the agreement.
Guam Non Employee Director Stock Option Agreement
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US-TC0913
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For example, Directors of Sales at companies that have raised Over 30M typically get between 0 and 250K+ shares. However, smaller companies that have raised Under 1M are more generous with their stock compensation as it ranges between . 1 and 1%+ for Directors of Sales.
A stock option provides an employee with the opportunity to purchase a set number of shares of company stock at a certain price within a certain period of time. The price is called the ?grant price? or ?strike price.? This price is usually based on a discounted price of the stock at the time of hire.
The stock options plan is drafted by the company's board of directors and contains details of the grantee's rights. The options agreement will provide the key details of your option grant such as the vesting schedule, how the ESOs will vest, shares represented by the grant, and the strike price.
A share option gives the holder the right, but not the obligation, to purchase a specific number of shares in the company at a predetermined price, known as the 'exercise price', or the 'strike price'.
ESOs are a form of equity compensation granted by companies to their employees and executives. Like a regular call option, an ESO gives the holder the right to purchase the underlying asset?the company's stock?at a specified price for a finite period of time.
Holders of share purchase rights may or may not buy an agreed number of shares of stock at a pre-determined price, but only if they are an existing stockholder. Options, on the other hand, are the right to buy or sell stocks at a pre-set price called the strike price.
Share option plans have become a popular form of employee compensation in the corporate world. These plans provide employees and directors with the opportunity to purchase company shares at a predetermined price within a specified timeframe.
Director's Shares means a number of Equity Securities of the Company not in excess of 600,000 in the aggregate that are owned by present or former directors of the Company or by present or former directors of any predecessor of the Company who also are or were Affiliates of any of the Stockholders, i.e. Andrew D.