Employee Stock Option Agreement Template India

2.15. Consideration to the Company. Given the granting of options by the company, Optionee is committed to providing loyal and efficient services to the company or a subsidiary. Nothing in the Plan or this Agreement grants Opionee the right to remain in the service of the Company or any subsidiary, or to infringe or otherwise restrict the rights of the Company and its subsidiaries expressly reserved, to dismiss the optionaire if the option is an employee, or (b) to continue to provide services to the Company or a subsidiary or, in any way, to disrupt or restrict the rights of the Company or its subsidiaries, which are expressly reserved herein, to terminate Optionee`s services at any time, if the option is a consultant, with or without cause, unless expressly stated otherwise in a written agreement between the entity and the entity. This stock option agreement will be used as part of an investment plan (or action plan). An option agreement gives the option holder the right to acquire shares at a specified price at a given time in the future. Download this free stock option agreement below. Each [GREEN] language must be filled in by the user. Each language [YELLOW] is considered optional or conditional by the community of lawyers. Consult a lawyer before using this document. This document is not a substitute for legal advice or services. For more information, see our Terms of Use. 4.1.4.

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. . . .

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