A Stock Option Grant Notice — Including Stock Option Agreement And Investment Representation Statement is a document which outlines the terms and conditions of a stock option grant. It includes the grantee's rights, obligations, and responsibilities in relation to the stock option. The document typically includes the grantee's name, the number of shares granted, and the exercise price. Additionally, the Stock Option Grant Notice will include an Investment Representation Statement, which outlines the grantee’s understanding of the risks associated with investing in the stock option. The two main types of Stock Option Grant Notices are Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Nests are not subject to special tax rules, and are typically granted to non-executive employees. SOS are subject to special tax rules, and can only be granted to employees who meet certain requirements.