Maine Stock Option Agreement by Telocity, Inc.
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How to fill out Stock Option Agreement By Telocity, Inc.?
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FAQ
Stock options aren't actual shares of stock?they're the right to buy a set number of company shares at a fixed price, usually called a grant price, strike price, or exercise price. Because your purchase price stays the same, if the value of the stock goes up, you could make money on the difference.
When a stock option vests, it means that it is actually available for you to exercise or buy. Unfortunately, you will not receive all of your options right when you join a company; rather, the options vest gradually, over a period of time known as the vesting period.
Companies usually tie earning equity to tenure (a process called vesting). In most cases, you have to stay for at least a year to vest any equity (your grant may call this a ?one-year cliff?). When you leave, you are only entitled to the portion of that equity that has vested as of the date of your departure.
Stock options are a form of equity compensation that allows an employee to buy a specific number of shares at a pre-set price. Many startups, private companies, and corporations will include them as part of a compensation plan for prospective employees.
In an employee share scheme, you get shares or can buy shares in the company you work for. This is also known as an employee share purchase plan, share options or equity scheme. Companies use share schemes to attract, retain and motivate employees. They also align employee interests with those of shareholders.
Vesting that means the point in time where shares are earned or gained by some person. Employers typically draft share vesting agreements to align the employee's interest to that of the company. They are also used to ensure that key executives and talented employees can be attracted and retained.
Time-based stock vesting is when you earn options or shares over a specified period of time. Most time-based vesting schedules have a vesting cliff. Cliff vesting is when the first portion of your option grant vests on a specific date and the remaining options gradually vest each month or quarter afterward.
Key Points: A common rule of thumb is to sell restricted stock units when they vest because there is no tax benefit to holding the stock any longer.
What is a Stock Option Agreement? A stock option agreement refers to a contract between a company and an employee, independent contractor, or a consultant. Employers use it as a form of employee compensation. Both parties submit to operate within the terms, conditions, and restrictions stipulated in the agreement.
A stock option plan is a mechanism for affording selected employees and executives or managers of a company the opportunity to acquire stock in their company at a price determined at the time the options are granted and fixed for the term of the options.
