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Stock Option Agreement

Document Type
Microsoft Word (Editable)
Pages
4
Price: KES 400
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Document Overview

A Stock Option Agreement is a legally binding contract between a company and an employee, director, or consultant, giving that person the right (but not the obligation) to purchase a specific number of the company’s shares at a predetermined price (called the exercise price or strike price) after meeting certain conditions such as continued employment or performance milestones.

Purposes of a Stock Option Agreement:
1. Motivate and retain employees by aligning their interests with company growth.

2. Reward performance through future ownership opportunities.

3. Attract skilled talent without immediate cash outlay.

5. Encourage loyalty and long-term commitment via vesting schedules.

6. Allow employees to share in company success as its value increases.
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