Employee Stock Option Plan of Texas American Bancshares, Inc.
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How to fill out Employee Stock Option Plan Of Texas American Bancshares, Inc.?
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FAQ
With an employee stock option plan, you are offered the right to buy a specific number of shares of company stock, at a specified price called the grant price (also called the exercise price or strike price), within a specified number of years.
Stock options are a form of compensation. Companies can grant them to employees, contractors, consultants and investors. These options, which are contracts, give an employee the right to buy or exercise a set number of shares of the company stock at a pre-set price, also known as the grant price.
Employee Stock Option Plan (ESOP) is an employee benefit scheme under which the company encourages its employees to acquire ownership in the form of shares. These shares are allotted to the employees at a rate considerably lesser than the prevailing market rate.
Develop your philosophy. Your stock option plan is an expression of your company philosophy. Paper it. Adopt your stock plan and option agreements and get board and stockholder approval. Make it official. Work with your lawyers to obtain all relevant state permits for your option plan.