Employee Stock Option Agreement Template India
Payment. Payment of the purchase price is made at the option of the company or its beneficiary in cash (by cheque), by the cancellation of all or part of the outstanding debt of the holder to the company (or, in the case of redemption by an assignee, to the assignee) or by a combination thereof within thirty (30) days of receipt of the notification, in the manner and time, which have been mutually agreed. by the company and the owner. Pursuant to its Investment Plan (“Plan”), as amended from time to time (the “Plan”), [Company Name] grants a Delaware business (the “Company”) an option to purchase the number of common shares of the Company mentioned below, subject to the terms of the Plan and this stock option agreement (this Option Agreement). Unless otherwise stated, the terms defined in the plan have the same meaning defined in the option agreement. 3.2. Exercise of the right of pre-emption. The optionaire has rights as a shareholder until the optionor sells the shares or the entity and/or its assignee(s) exercise the right of pre-emption (as defined below).
In such an exercise, the option holder shall have no other rights as holders of the shares thus acquired, with the exception of the right to receive payment for the shares thus acquired in accordance with the provisions of this Agreement, and the option holder shall immediately ensure that the certificates attesting to the shares thus acquired are transferred to the company for transfer or erasure. . . .