template

Exit Only EMI Share Option (Stand-Alone)

by
Genie Team
Genie Team
Oct, 04 2022

When to use this template

This is a legal document that grants an employee an "exit only" EMI-approved stock option from their company.

Key issues covered in this template

  • Background and Schedules
  • Breach of contract
  • Control of company
  • Definitions and interpretation
  • Eligible employee
  • Notice address
  • Notice failure
  • Satisfaction of conditions
  • Share exchange
  • Third-party rights
  • N/A

What to watch out for

  • The agreement should state the number of shares to be granted

  • The agreement should state the exercise price of the shares

  • The agreement should state the expiration date of the option

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Transport

Wholesale

Manufacturing

Energy

Retail

Finance

Real Estate

Consumer, Public & Health Services

Media

Insurance

Legal Services

Education

Technology

Sport & Entertainment

Consultancy

Public Administration

Other

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes