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Equity & Fundraising

Stock Option Package (Form)

The stock option form a board approves with its equity incentive plan: a grant notice, the option agreement and a notice of exercise. Completed for each grant with the optionholder, the number of shares, the exercise price and the vesting start.

COVERS
  • STOCK OPTION GRANT NOTICE
  • Type of Grant: ____________________
  • Exercise Schedule: Same as Vesting Schedule
  • and 16 more sections
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In plain English

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[COMPANY NAME]

Stock Option Grant Notice

([PLAN YEAR] Equity Incentive Plan)

[COMPANY NAME] (the “Company”), pursuant to its [PLAN YEAR] Equity Incentive Plan (the “Plan”), hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below. This option is subject to all of the terms and conditions as set forth herein and in the Option Agreement, the Plan, and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety.

Optionholder:________________________
Date of Grant:________________________
Vesting Commencement Date:________________________
Number of Shares Subject to Option:________________________
Exercise Price (Per Share):________________________
Total Exercise Price:________________________
Expiration Date:________________________

Type of Grant: ____________________

Exercise Schedule: Same as Vesting Schedule

Vesting Schedule: The Option vests with respect to 1/4 of the shares subject to the Option on the first anniversary of the Vesting Commencement Date and thereafter 1/48 of the shares subject to the Option vests monthly until the Option is fully vested on the fourth anniversary of the Vesting Commencement Date, subject to Optionholder’s Continuous Service (as defined in the Plan) through each such vesting date.

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