Employee Stock Agreement Template

4.3 Issuance of Shares. Certificates attesting to the ownership of the common shares acquired during the exercise of this option shall be issued as soon as possible. To the extent permitted by law and in accordance with the rules of the stock exchange concerned, the issue of shares is made on an uncertified basis. However, the Company is not required to issue or provide a certificate or accounting deposit of shares until it does not apply all the requirements of the Securities Act of 1933, as it is in force, the Securities Exchange Act of 1934 as currently drafted, any exchange where the Company`s common shares may be listed in 153s, and all applicable state laws relating to the issuance or sale of such shares. shares or on the listing of such shares. has reached actions. on this exchange. The entity may ensure that any certificate or accounting entry proving the acquired common shares is accompanied by one or more legends indicating restrictions on the transfer of such common shares. Until the option shares are issued in accordance with this Agreement and the Plan, you or any other person entitled to exercise this option have no shareholder rights with respect to the option shares. 10.3 Global Agreement. This Agreement and the Plan set out the entire agreement and understanding of the Parties with respect to the granting and exercise of this option and the management of the Plan and supersede all prior agreements, arrangements, plans and arrangements relating to the granting and exercise of this option and the management of the Plan. 4.

All the general conditions required in a personal stock option contract: permanent collaborator and director of a company or group of companies, but does not include the independent director, the employee who is a promoter, a director who holds 10% of the shares of the company, an advisor or advisor, alone or by friend / relative or by the direct or indirect entity. 5.1 As paid. At the time of exercise, you must provide Merrill Lynch with consideration equal to the proceeds of the exercise price and the number of option shares acquired. permitted payment methods: (i) cash (by wire transfer to Merrill Lynch); (ii) a personal cheque, certified cheque or cashier`s cheque153, payable to Merrill Lynch; (iii) allow Merrill Lynch to sell only sufficient underlying shares to cover the exercise price, taxes and duties (cash maintenance); (iv) authorize Merrill Lynch to sell all of the underlying shares and deliver the proceeds, less taxes and fees, to you or your Merrill Lynch account (scriptural sale); or (v) the issuance of common shares that you have held for at least six months, with a value on the exercise date corresponding to the exercise price, taxes and fees (exercise of the share exchange). Section 2, clause 37 of the Companies Act, 2013, defines the "employee stock options" option, which means the option granted to directors, senior officers or employees of the company, its holding company or its subsidiary or company, as applicable, which gives such directors, senior officers or employees the benefit or right to purchase the shares of the company at a predetermined price at a later date. r. This provision should be read with Rule 12 of the Share Capital and Debentures Rules, 2014 and with the SEBI Rules on ESOP in the case of listed companies. . .


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