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Equity Grant Agreement
"I need an Equity Grant Agreement under Singapore law for a Series B startup, granting 10,000 stock options to our new Chief Technology Officer with a 4-year vesting schedule starting March 1, 2025, including standard non-compete and confidentiality provisions."
1. Parties: Identifies the company and the grant recipient
2. Background: Context of the grant and reference to any equity incentive plan
3. Definitions: Key terms used throughout the agreement
4. Grant Details: Number of shares/options granted, grant date, and vesting schedule
5. Vesting Conditions: Requirements and timeline for vesting of equity
6. Exercise Provisions: Terms and conditions for exercising options/rights
7. Termination Provisions: Consequences of employment termination on equity grants
8. Governing Law: Specification of Singapore law as governing law
1. Lock-up Period: Restrictions on sale of shares after vesting, typically used for listed companies or pre-IPO situations
2. Clawback Provisions: Company's right to reclaim shares in specific circumstances, typically used for senior executives or regulated industries
3. Tax Indemnity: Grantee's obligations regarding tax liabilities, used when tax implications are significant
4. Non-Competition: Restrictions on competing activities, typically used for senior employees or key personnel
1. Vesting Schedule: Detailed timeline of vesting dates and quantities
2. Share Option Plan Rules: Complete rules of the underlying equity plan
3. Exercise Notice: Form for exercising options
4. Tax Summary: Overview of tax implications and obligations
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