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When you're granted stock options, you have the option to purchase company stock at a specific price before a certain date. Whether you actually purchase the stock is entirely up to you. RSUs, on the other hand, grant you the stock itself once the vesting period is complete. You don't have to purchase it.
The grant date is usually the date the original agreement or deed relating to the trust, shares or options was signed (unless another date is specified in those documents). The vesting date is the date where the trust, shares or options become available to the beneficiary, subject to the vesting conditions being met. What Is A Vesting Date? | Sprintlaw sprintlaw.com.au ? articles ? what-is-a-vesting-date sprintlaw.com.au ? articles ? what-is-a-vesting-date
What are option agreements? Option grants are how companies award equity to employees. Signing an offer letter isn't enough. The option agreement outlines all the details of an employee's option grant. The option agreement is a more detailed version of an offer letter.
An option award, or sometimes called a stock option award, is a legal agreement between a company and an employee that gives the employee stock options in the company as a form of compensation or bonus. Option Award: Definition & Sample - Contracts Counsel contractscounsel.com ? option-award contractscounsel.com ? option-award
Stock options are a benefit often associated with startup companies, which may issue them in order to reward early employees when and if the company goes public. They are awarded by some fast-growing companies as an incentive for employees to work towards growing the value of the company's shares.