Stock option agreement
Party A: _________
Party B: _________
According to the relevant provisions of the Stock Option Plan, it is based on voluntariness, fairness, equality and mutual benefit. The principle of honesty and credit, Party A and Party B have reached the following agreements on matters such as the granting, holding and exercise of stock options:
Article 1 Party B promises to donate a certain number of stock options to Party A within _________ years from _________ years. The specific amount of gifts is determined by the company's compensation committee. Party A may purchase the company's common stock at the exercise price on the designated exercise date.
The second stock option is valid for _________ years, and the stock option will expire when it is _________ years from the date of the gift.
Article 3 Stock options cannot be transferred and cannot be used for mortgages and repayment of debts. Unless Party A loses his capacity or dies, the heirs or legal heirs designated by him may hold and exercise their rights on their behalf.
Article 4 Party A has the right to exercise the right to exercise within _________ years of the gift, and to vest once every six months.
Article 5 Party A shall have 1/6 of the exercise right on each exercise date in the previous _________ exercise days. If an exercise date is not exercised, it must be in the first line afterwards. The right to exercise, but the last exercise date must be completed in all vesting rights, otherwise, stock options automatically expire.
Article 6 If Party A wants to exercise all or part of its exercise rights on a certain exercise date, it must pay the cash on the _________ trading day before the exercise date.
Article 7 Party A becomes the registered shareholder of the company after exercising the right, and enjoys the rights of shareholders according to law.
Article 8 When Party B is merged or acquired, unless the new shareholders' meeting agrees to bear, the part of Party A that has not been donated will stop giving gifts, and the part that has been given the unexecuted right must be exercised immediately.
Article 9 When Party B sends bonus shares, converts shares, allotment shares, issues new shares or is merged, etc., which affects the number of shares held by the original tradable shareholders, it is necessary to adjust and adjust the number of stock options and exercise prices held by Party A. The method is based on the Stock Option Plan.
Article 10 When Party A terminates its service due to resignation, dismissal, retirement, incapacity, or death, it shall be dealt with in accordance with the Stock Option Plan.
Article 11 When Party B grants Party A's stock options, Party B must confirm the written form of the Stock Option Gift Notice. Party A must sign the notice within one trading day, otherwise it will be deemed not to accept stock options.
Article 12 Party A must notify Party B in the form of “Notice of Exercise of Stock Options” before the exercise date, and must also attach a payment voucher.
Article 13 Party A shall guarantee to Party B to understand and abide by all the terms of the Stock Option Plan, and its right of interpretation shall be in Party B.
Article 14 Party B shall provide Party A with a copy of the Stock Option Plan. If the terms of the plan change during the effective period of the plan, Party B shall provide Party A with full details of the changes.
Article 15 The stock option referred to in this Agreement is a right given to Party A. Party A may purchase Party B's circulating a shares at the agreed price within the prescribed time period.
Article 16 The exercise referred to in this Agreement is the act of the nail party to purchase Party B's circulation of a share at the agreed price.
Article 17 The exercise price referred to in this Agreement is the price at which the nail party purchases a share of the shares of Party B, which is equal to the average closing price of the _________ trading days prior to the gift.
Article 18 The gift date referred to in this Agreement refers to the date on which Party B gives Party A's stock options.
Article 19 The exercise date referred to in this Agreement refers to the date on which Party A holding stock options can purchase a share that is circulated by Party B at the agreed price.
Article 20 This Agreement is made in two copies, one for each Party A and Party B.
Article 21 Matters not covered in this Agreement shall be settled by negotiation between Party A and Party B, and shall be determined in written form agreed by both parties.
Article 22 This Agreement shall enter into force on the date on which the signature or seal of both parties is completed.
Party A: _________ Party B: _________ Company
Representative: _________ Representative: _________
_________Year ____________________________________________
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