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Equity & Fundraising

Equity Incentive Plan

A complete equity incentive plan for a startup corporation in any state: stock options (incentive and nonstatutory), restricted stock, stock appreciation rights and restricted stock units, with a share reserve, an incentive stock option limit and a ten-year term. Adopted by the board and approved by the stockholders.

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In plain English

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[COMPANY NAME]

[PLAN YEAR] Equity Incentive Plan

ADOPTED BY THE BOARD OF DIRECTORS: [BOARD APPROVAL DATE]

APPROVED BY THE STOCKHOLDERS: [STOCKHOLDER APPROVAL DATE]

TERMINATION DATE: [TERMINATION DATE]

1. GENERAL.

(a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are Employees, Directors and Consultants.

(b) Available Stock Awards. The Plan provides for the grant of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards, (iv) Restricted Stock Unit Awards, and (v) Stock Appreciation Rights.

This is a professionally drafted starting point, not legal advice for your specific situation. Using it does not create an attorney-client relationship.