Granting stock options to employees, advisors, or early team members? A share option agreement defines the terms under which someone can purchase company shares at a predetermined price. It covers the number of options granted, exercise price, vesting schedule (cliff and monthly vesting), expiration date, and what happens if the person leaves the company or gets terminated. Whether you're a startup incentivizing key hires or an established company offering equity compensation, this agreement is essential for both legal compliance and talent retention. The template covers exercise procedures, tax obligations, transfer restrictions, and change-of-control provisions. Free PDF and Word download.