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Ontario Employee Stock Option Plan
Use this template to create an Employee Stock Option Plan for key employees, directors and consultants of an Ontario company.
- If an optionee does not exercise its maximum number of options during an option year, the balance is carried forward to the following year.
- On the death of a participant, his/her estate has 90 days to exercise outstanding options.
- Options expire immediately upon termination, retirement or removal from office.
- Shares are transferable, but options are not.
- The company has a first right of refusal on all shares issued pursuant to the stock option plan.
- Upon death, retirement, disability or termination, a participant has a put option and the company has a call option.
- The Board may exercise a mandatory buy-out option upon a sale of the company.
The Ontario Employee Stock Option Plan template is available in MS Word format.
Download: Ontario Employee Stock Option Plan
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