tiktok³ÉÈË°æ

All Countries
Employment
Simple Stock Option Agreement

Simple Stock Option Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Simple Stock Option Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Simple Stock Option Agreement

"I need a Simple Stock Option Agreement for my Indian technology startup to grant 10,000 stock options to our senior developers, with a four-year vesting schedule starting March 2025 and including accelerated vesting provisions in case of an IPO."

Celebrated by
Collaborations with
Investors
Document background
The Simple Stock Option Agreement is utilized when a company in India wishes to grant stock options to its employees or eligible participants as part of their compensation package. This document is essential for companies implementing Employee Stock Option Plans (ESOPs) and must comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, Companies Act, 2013, and other relevant Indian legislation. The agreement serves as the primary document defining the relationship between the company and the option holder, detailing crucial elements such as vesting conditions, exercise procedures, and restrictions on transfer. It is particularly important for startups and growing companies looking to attract and retain talent by offering equity-based compensation. The Simple Stock Option Agreement includes all necessary provisions to protect both the company's and optionee's interests while ensuring regulatory compliance.
Suggested Sections

1. Parties: Identifies the company granting the options and the employee/optionee receiving them

2. Background: Sets out the context of the agreement, including the company's stock option plan and the basis for granting options

3. Definitions: Defines key terms including Exercise Price, Grant Date, Vesting Schedule, Expiration Date, and other relevant terms

4. Grant of Option: Specifies the number of shares subject to the option and the type of option being granted

5. Exercise Price: States the price per share at which the option can be exercised

6. Vesting Schedule: Details the timeline and conditions under which the options become exercisable

7. Exercise Period: Specifies the duration during which vested options can be exercised

8. Method of Exercise: Outlines the procedure for exercising options, including payment methods

9. Termination of Employment: Describes what happens to options upon various types of employment termination

10. Non-Transferability: Restricts the transfer or assignment of options

11. Compliance with Laws: Ensures compliance with Indian securities laws and regulations

12. Taxes: Addresses tax obligations and responsibilities

13. Governing Law: Specifies Indian law as governing law and jurisdiction

14. Notices: Details how formal communications between parties should be made

15. Entire Agreement: Confirms this document as the complete agreement between parties

Optional Sections

1. Lock-in Period: Additional restrictions on selling shares post-exercise, used when company wants to ensure longer-term holding

2. Shareholder Rights: Details voting and dividend rights, used when these differ from regular shareholders

3. Right of First Refusal: Company's right to repurchase shares, used in private companies

4. Tag-Along Rights: Protects optionee's right to join in sale of company shares, used in private companies

5. Drag-Along Rights: Requires optionee to join in sale of company shares, used in private companies

6. Confidentiality: Additional confidentiality provisions, used when not covered in employment agreement

7. Acceleration Provisions: Conditions for accelerated vesting, used when providing for change in control or IPO scenarios

Suggested Schedules

1. Schedule 1 - Option Details: Detailed breakdown of number of options, exercise price, and grant date

2. Schedule 2 - Vesting Schedule: Detailed timeline of vesting dates and corresponding number of options

3. Schedule 3 - Exercise Notice: Template form for exercising options

4. Schedule 4 - Shareholders' Agreement Deed of Adherence: Form to be signed when exercising options to join existing shareholders' agreement

5. Appendix A - Company's Stock Option Plan: Copy or summary of the company's stock option plan under which options are granted

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions












































Clauses






























Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

E-commerce

Professional Services

Telecommunications

Real Estate

Retail

Education

Media and Entertainment

Relevant Teams

Legal

Human Resources

Finance

Company Secretarial

Compliance

Executive Leadership

Board

Relevant Roles

CEO

CFO

HR Director

Legal Counsel

Company Secretary

HR Manager

Compensation & Benefits Manager

Legal Manager

Finance Manager

Employee (any level)

Department Head

Senior Executive

Board Member

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Simple Stock Option Agreement

An Indian law-governed agreement establishing terms for granting company stock options to employees, including vesting, exercise, and regulatory compliance provisions.

find out more

Employee Share Option Agreement

An Indian law-governed agreement establishing terms for granting company stock options to employees, including vesting, exercise rights, and regulatory compliance requirements.

find out more

Advisor Stock Option Agreement

An Indian law-governed agreement establishing terms for granting stock options to company advisors, including vesting conditions and exercise rights.

find out more

Option Grant Agreement

An Indian law-governed agreement that documents the grant of stock options to employees under a company's ESOP scheme, detailing terms of grant, vesting, and exercise.

find out more

Employee Share Agreement

An Indian law-governed agreement establishing terms for employee share ownership, including allocation, vesting, and associated rights and obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.