This sample form, a Stock Option Plan document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
Understanding the tax implications can be tricky, so it's a good idea to talk to a tax advisor. They can help you navigate the ins and outs, so you’re not caught off guard come tax time.
Typically, full-time employees are eligible to participate in the stock option plan. Each company may have its own specific rules, so it’s best to check with your HR department.