Ohio Stock Option Agreement of Ichargeit.Com, Inc.

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Multi-State
Control #:
US-EG-9260
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Stock Option Agreement between Ichargeit.Com, Inc. and _________ (Optionee) regarding purchase of shares of common stock dated 00/00. 9 pages.
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FAQ

Hear this out loud PauseA stock option provides an employee with the opportunity to purchase a set number of shares of company stock at a certain price within a certain period of time. The price is called the ?grant price? or ?strike price.? This price is usually based on a discounted price of the stock at the time of hire.

Hear this out loud PauseHolders of share purchase rights may or may not buy an agreed number of shares of stock at a pre-determined price, but only if they are an existing stockholder. Options, on the other hand, are the right to buy or sell stocks at a pre-set price called the strike price.

Hear this out loud PauseFor example, you may be granted the right to buy 1,000 shares, with the options vesting 25% per year over four years with a term of 10 years. So 25% of the ESOs, conferring the right to buy 250 shares would vest in one year from the option grant date, another 25% would vest two years from the grant date, and so on.

An example of this would be a company granting a new employee 50 shares of shock that are vested over a period of two years. This entails that the employee is going to gain this stock only once these two years of working at the company are completed.

Hear this out loud PauseAn employee stock option agreement (sometimes known as a share option agreement) is a contract between an employer and employee that guarantees the employee's right to purchase stock in the employer's company at a specified price after a certain period of continuous employment.

Example of an Option. Suppose that Microsoft (MFST) shares trade at $108 per share and you believe they will increase in value. You decide to buy a call option to benefit from an increase in the stock's price. You purchase one call option with a strike price of $115 for one month in the future for 37 cents per contract ...

Stock option grants are how your company awards stock options. This document usually includes details about: The type of stock options you'll receive (ISOs or NSOs) The number of shares you can purchase.

When you're granted stock options, you're given the opportunity to purchase company shares in the future at the strike price. While you may be able to get the stock at a discounted price, you still have to pay for it. RSUs, on the other hand, are compensation in the form of stock.

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Ohio Stock Option Agreement of Ichargeit.Com, Inc.