[{"data":1,"prerenderedAt":489},["ShallowReactive",2],{"document-notice-of-grant-of-stock-option-D896":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":180,"customdescription":6,"mdFm":181,"mdProseHtml":488},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":20},"NOTICE OF GRANT OF STOCK OPTION This Notice of Grant of Stock Option (the \"Agreement\") is made and effective on [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Corporation\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the \"Optionee\"), an individual with his/her main address located at: [COMPLETE ADDRESS] Notice is hereby given of the following option grant (the \"Option\") to purchase shares of the Common Stock of [YOUR COMPANY NAME] (the \"Corporation\"): Optionee: [INDIVIDUAL NAME] Grant Date: [EFFECTIVE DATE] Vesting Commencement Date: [EFFECTIVE DATE] Exercise Price: [AMOUNT] per share Number of Option Shares: [NUMBER] shares Expiration Date: [EFFECTIVE DATE] Type of Option: Non-Statutory Stock Option Vesting Schedule: [PERCENTAGE %] of the Option Shares are fully vested as of the Vesting Commencement Date. ",null,"Notice of Grant of Stock Option","3",29,"doc","https://templates.business-in-a-box.com/imgs/1000px/notice-of-grant-of-stock-option-D896.png","https://templates.business-in-a-box.com/imgs/250px/896.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#896.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":17,"url":18},"notice grant stock option","Notice of Grant of Stock Option Template","https://templates.business-in-a-box.com/imgs/400px/896.png","https://templates.business-in-a-box.com/imgs/600px/896.png",[25,16,19],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":17,"url":18},{"label":32,"url":33},"Equity & Mergers","/templates/equity-and-mergers/",[35,39,43,47,51,55,59,63,67,71,75,79,83,101,116,131,145,160],{"label":36,"url":37,"thumb":38,"extension":10},"Employee Stocks Option Grant Notice","/template/employee-stocks-option-grant-notice-D12614","https://templates.business-in-a-box.com/imgs/250px/12614.png",{"label":40,"url":41,"thumb":42,"extension":10},"Employee Stock Option Agreement","/template/employee-stock-option-agreement-D12613","https://templates.business-in-a-box.com/imgs/250px/12613.png",{"label":44,"url":45,"thumb":46,"extension":10},"Stock Option Plan","/template/stock-option-plan-D13284","https://templates.business-in-a-box.com/imgs/250px/13284.png",{"label":48,"url":49,"thumb":50,"extension":10},"Notice of Exercise of Option to Purchase","/template/notice-of-exercise-of-option-to-purchase-D1213","https://templates.business-in-a-box.com/imgs/250px/1213.png",{"label":52,"url":53,"thumb":54,"extension":10},"Notice of Exercise of Lease Option","/template/notice-of-exercise-of-lease-option-D1212","https://templates.business-in-a-box.com/imgs/250px/1212.png",{"label":56,"url":57,"thumb":58,"extension":10},"Notice of Intent to Exercise Option(s) to Acquire Partnership Interests","/template/notice-of-intent-to-exercise-option-s-to-acquire-partnership-interests-D5164","https://templates.business-in-a-box.com/imgs/250px/5164.png",{"label":60,"url":61,"thumb":62,"extension":10},"Stock Agreement","/template/stock-agreement-D347","https://templates.business-in-a-box.com/imgs/250px/347.png",{"label":64,"url":65,"thumb":66,"extension":10},"Grant Proposal","/template/grant-proposal-D12615","https://templates.business-in-a-box.com/imgs/250px/12615.png",{"label":68,"url":69,"thumb":70,"extension":10},"Stock Certificate and Common Stock","/template/stock-certificate-and-common-stock-D97","https://templates.business-in-a-box.com/imgs/250px/97.png",{"label":72,"url":73,"thumb":74,"extension":10},"Stock Purchase Agreement","/template/stock-purchase-agreement-D349","https://templates.business-in-a-box.com/imgs/250px/349.png",{"label":76,"url":77,"thumb":78,"extension":10},"Stock Subscription Agreement","/template/stock-subscription-agreement-D350","https://templates.business-in-a-box.com/imgs/250px/350.png",{"label":80,"url":81,"thumb":82,"extension":10},"Developing a Grant Proposal","/template/developing-a-grant-proposal-D370","https://templates.business-in-a-box.com/imgs/250px/370.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":93,"keywords":92,"url":100},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: JOB OFFER FOR [DESCRIBE] Dear [CANDIDATE NAME]: Congratulations! [Company name] is excited to offer you the position of [job title] with an expected start date of [day, month, year] at a starting salary of [dollar amount] per [hour, year, etc.]. You can expect to receive payment [weekly, biweekly, monthly, etc.], starting on [date of first pay period]. We must wrap up a few more formalities, including the successful completion of your [background check, drug screening, reference check, etc.]. As the [job title], you will report to [manager/supervisor name and title] at [workplace location] from [hours of day, days of week]","Job Offer Letter Long","1",513,"https://templates.business-in-a-box.com/imgs/1000px/job-offer-letter-long-D12769.png","https://templates.business-in-a-box.com/imgs/250px/12769.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12769.xml",{"title":92,"description":6},"job offer letter long",[94,97],{"label":95,"url":96},"Human Resources","human-resources",{"label":98,"url":99},"Hire an Employee","hire-employee","/template/job-offer-letter-long-D12769",{"description":102,"descriptionCustom":6,"label":103,"pages":104,"size":87,"extension":10,"preview":105,"thumb":106,"svgFrame":107,"seoMetadata":108,"parents":110,"keywords":109,"url":115},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":109,"description":6},"employment agreement_at will employee",[111,112,113],{"label":95,"url":96},{"label":98,"url":99},{"label":17,"url":114},"business-legal-agreements","/template/employment-agreement_at-will-employee-D541",{"description":117,"descriptionCustom":6,"label":118,"pages":119,"size":120,"extension":10,"preview":121,"thumb":122,"svgFrame":123,"seoMetadata":124,"parents":125,"keywords":129,"url":130},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.","Employment Agreement Executive","12",97,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[126,127,128],{"label":95,"url":96},{"label":98,"url":99},{"label":17,"url":114},"employment agreement executive","/template/employment-agreement-executive-D543",{"description":132,"descriptionCustom":6,"label":133,"pages":8,"size":87,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":139,"keywords":138,"url":144},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":138,"description":6},"non disclosure agreement nda",[140,141],{"label":17,"url":114},{"label":142,"url":143},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":146,"descriptionCustom":6,"label":147,"pages":148,"size":149,"extension":10,"preview":150,"thumb":151,"svgFrame":152,"seoMetadata":153,"parents":154,"keywords":158,"url":159},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[155],{"label":156,"url":157},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":161,"descriptionCustom":6,"label":162,"pages":86,"size":163,"extension":10,"preview":164,"thumb":165,"svgFrame":166,"seoMetadata":167,"parents":168,"keywords":178,"url":179},"BOARD RESOLUTION OF [YOUR COMPANY NAME] ADOPTED ON [DATE] The undersigned, being all the directors of [YOUR COMPANY NAME], hereby sign the following amended resolutions: RESOLVED THAT: The financial statements of the company for the fiscal year ended [Month and day], prepared by [Accountant's name], Chartered Accountants, under their comments dated [Date], are approved which approval shall be evidenced by signature of the balance sheet. OR The financial statements of the company for the fiscal year ended [Month and day], prepared by [Auditors' names], under their audit report dated [Date], are approved, which approval shall be evidenced by signature of the balance sheet. The approved financial statements be placed before the annual meeting of shareholders of the company. [Accountants] are appointed the accountants of the company for the current fiscal year. By-Law No. [Number] is passed as a by-law of the company to be placed before a meeting of shareholders of the company for confirmation. ","Board Resolution",34,"https://templates.business-in-a-box.com/imgs/1000px/board-resolution-D78.png","https://templates.business-in-a-box.com/imgs/250px/78.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#78.xml",{"title":6,"description":6},[169,172,175],{"label":170,"url":171},"Business Plan Kit","business-plan-kit",{"label":173,"url":174},"Board of Directors","board-of-directors",{"label":176,"url":177},"Board Resolutions","business-resolutions","board resolution","/template/board-resolution-D78",false,{"seo":182,"reviewer":194,"legal_disclaimer":180,"quick_facts":198,"at_a_glance":200,"personas":204,"variants":229,"glossary":254,"clauses":288,"how_to_fill":334,"common_mistakes":370,"faqs":387,"industries":415,"comparisons":432,"diy_vs_pro":447,"educational_modules":460,"related_template_ids_curated":463,"schema":475,"classification":477},{"meta_title":183,"meta_description":184,"primary_keyword":185,"secondary_keywords":186},"Notice of Grant of Stock Option Template (Free Word)","Free notice of grant of stock option template. Formally communicate equity grants to employees with vesting schedules, exercise prices, and option terms. Free Word and PDF download.","notice of grant of stock option template",[187,188,189,190,191,192,193],"stock option grant notice template","employee stock option letter","equity grant notice template","stock option award letter","stock option grant letter word","employee equity grant notice","stock option notice free download",{"name":195,"credential":196,"reviewed_date":197},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":199,"legal_review_recommended":180,"signature_required":180},"medium",{"what_it_is":201,"when_you_need_it":202,"whats_inside":203},"A Notice of Grant of Stock Option is a formal written communication issued by a company to an employee or service provider confirming that the company has granted them the right to purchase a specified number of shares at a fixed exercise price. This free Word download gives you a structured, ready-to-edit template you can personalize and deliver to recipients in minutes, then export as PDF for your records.\n","Issue it whenever your board approves a new stock option grant — typically at hiring, during annual equity refresh cycles, or as a performance-based award. The notice creates a formal record of the grant date, price, and vesting schedule that both parties can reference.\n","Recipient and company identification, grant date and grant number, option type (ISO or NSO), number of shares, exercise price per share, vesting schedule, expiration date, and references to the governing equity plan and award agreement.\n",[205,209,213,217,221,225],{"title":206,"use_case":207,"icon_asset_id":208},"Startup founders","Granting equity to early employees and advisors after board approval","persona-startup-founder",{"title":210,"use_case":211,"icon_asset_id":212},"HR managers","Delivering standardized grant notices as part of the onboarding package","persona-hr-manager",{"title":214,"use_case":215,"icon_asset_id":216},"CFOs and finance teams","Documenting equity grants for ASC 718 accounting and cap table maintenance","persona-cfo",{"title":218,"use_case":219,"icon_asset_id":220},"Legal and compliance officers","Ensuring each grant is memorialized in writing before the exercise window opens","persona-legal-counsel",{"title":222,"use_case":223,"icon_asset_id":224},"Small business owners","Issuing options to key employees without a dedicated equity administrator","persona-small-business-owner",{"title":226,"use_case":227,"icon_asset_id":228},"Operations directors","Coordinating annual equity refresh communications across the organization","persona-operations-director",[230,234,237,240,244,247,251],{"situation":231,"recommended_template":232,"slug":233},"Granting incentive stock options to a US employee for favorable tax treatment","ISO Stock Option Grant Notice","notice-of-grant-of-stock-option-D896",{"situation":235,"recommended_template":236,"slug":233},"Granting non-qualified stock options to a contractor, advisor, or non-US recipient","NSO Stock Option Grant Notice",{"situation":238,"recommended_template":239,"slug":233},"Awarding restricted stock units instead of options","RSU Grant Notice",{"situation":241,"recommended_template":242,"slug":243},"Communicating the full terms of an option alongside the grant notice","Stock Option Agreement","employee-stock-option-agreement-D12613",{"situation":245,"recommended_template":246,"slug":243},"Granting equity as part of an executive compensation package","Executive Stock Option Agreement",{"situation":248,"recommended_template":249,"slug":250},"Issuing a performance-vesting equity award tied to company milestones","Performance Share Award Notice","performance-evaluation-D694",{"situation":252,"recommended_template":253,"slug":233},"Notifying an employee of an option modification or repricing","Stock Option Amendment Notice",[255,258,261,264,267,270,273,276,279,282,285],{"term":256,"definition":257},"Stock Option","A contractual right granted to an individual to purchase a set number of company shares at a fixed price within a defined period.",{"term":259,"definition":260},"Grant Date","The specific calendar date on which the company formally awards the option, establishing the exercise price and starting the vesting clock.",{"term":262,"definition":263},"Exercise Price","The price per share at which the option holder may purchase shares, set at or above fair market value on the grant date.",{"term":265,"definition":266},"Vesting Schedule","The timetable that determines when portions of the option become exercisable — commonly monthly or annual tranches over a four-year period.",{"term":268,"definition":269},"Cliff Vesting","A vesting structure in which no options vest until a defined initial period — typically 12 months — has passed, after which a lump tranche becomes exercisable.",{"term":271,"definition":272},"ISO (Incentive Stock Option)","A stock option that qualifies for favorable US tax treatment under IRC §422, available only to employees and subject to strict IRS limits.",{"term":274,"definition":275},"NSO (Non-Qualified Stock Option)","A stock option that does not qualify for ISO tax treatment; the spread on exercise is taxed as ordinary income and can be granted to employees, directors, and consultants.",{"term":277,"definition":278},"Expiration Date","The last date on which an option can be exercised; unexercised options typically expire 10 years from the grant date or earlier upon termination.",{"term":280,"definition":281},"Equity Incentive Plan","The overarching company plan that governs all stock option and equity award grants, approved by the board and typically by shareholders.",{"term":283,"definition":284},"Fair Market Value (FMV)","The price at which a share would change hands between a willing buyer and a willing seller, determined by a 409A valuation for private companies.",{"term":286,"definition":287},"409A Valuation","An independent appraisal of a private company's common stock fair market value required under IRC §409A to set defensible option exercise prices.",[289,294,299,304,309,314,319,324,329],{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Header and grant reference","Identifies the document as a formal notice, names the company, states the recipient's name and role, and assigns a unique grant number for tracking.","NOTICE OF GRANT OF STOCK OPTION | [COMPANY LEGAL NAME] | Grantee: [EMPLOYEE FULL NAME] | Title: [JOB TITLE] | Grant No.: [GRANT-YYYY-NNNN]","Omitting the grant number — without one, tracking multiple grants per recipient in your cap table or equity platform becomes error-prone and creates audit risk.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Grant date and option type","States the official grant date on which the award was authorized by the board and specifies whether the option is an ISO or NSO.","Pursuant to the [COMPANY NAME] [YEAR] Equity Incentive Plan, the Company hereby grants you a [Incentive / Non-Qualified] Stock Option, effective [GRANT DATE].","Using the date the notice is delivered rather than the board approval date as the grant date — the two can differ by days or weeks, affecting the exercise price and tax treatment.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Number of shares and exercise price","Specifies the exact number of shares covered by the option and the per-share exercise price, which must equal or exceed FMV on the grant date.","You have been granted an option to purchase [NUMBER] shares of the Company's Common Stock at an exercise price of $[AMOUNT] per share.","Setting the exercise price below FMV on the grant date — even by a small amount — creates immediate IRC §409A violations and significant tax penalties for the recipient.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Vesting schedule","Details how and when the option becomes exercisable — the cliff period, the vesting frequency, and the full vesting date.","This option vests as follows: 25% of the shares vest on the one-year anniversary of [VESTING COMMENCEMENT DATE], with the remaining 75% vesting monthly in equal installments over the following 36 months, subject to your continued service.","Stating a vesting schedule that differs from the underlying option agreement — the two documents must match exactly or the discrepancy creates a dispute about which controls.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Expiration date and option term","States the date on which the option expires if not exercised and the maximum term of the grant.","This option expires on [EXPIRATION DATE], which is 10 years from the Grant Date, unless earlier terminated in accordance with the Plan.","Failing to note early-termination triggers — most plans accelerate expiration to 90 days after employment ends, and recipients who are not told this are often caught off guard.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Governing plan reference","Incorporates the company's equity incentive plan by reference, making the plan's full terms binding on the recipient without reprinting them in the notice.","This option is granted under and subject to the terms of the [COMPANY NAME] [YEAR] Equity Incentive Plan (the 'Plan'), the terms of which are incorporated herein by reference.","Referencing a plan version that is outdated or has not yet received board approval — always confirm the plan is current and in effect on the grant date.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Award agreement reference","Directs the recipient to the separate stock option agreement that contains the full legal terms governing exercise, transferability, and termination.","By accepting this Notice, you agree to be bound by the terms of the [COMPANY NAME] Stock Option Award Agreement, a copy of which accompanies this Notice or is available upon request.","Issuing the grant notice without the accompanying award agreement — the notice alone does not contain sufficient terms for enforcement and leaves the company exposed if the recipient disputes exercise conditions.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Acceptance instruction","Tells the recipient how to formally accept the grant — by countersignature, electronic acknowledgment, or through the company's equity platform.","Please indicate your acceptance of this option grant by signing and returning a copy of this Notice, or by accepting through [EQUITY PLATFORM NAME], no later than [ACCEPTANCE DEADLINE DATE].","Setting an acceptance deadline that is too short — granting two weeks rather than 30 days is adequate for most employees, but recipients who miss the window may assume the grant lapses when it does not.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Authorized signature block","Identifies the authorized company representative whose signature confirms the board has approved the grant and the company is bound.","[COMPANY LEGAL NAME] | By: [AUTHORIZED SIGNATORY NAME] | Title: [CEO / CFO / VP People] | Date: [DATE]","Having someone sign who is not authorized by the board resolution approving the grant — an unauthorized signatory can cloud the enforceability of the entire notice.",[335,340,345,350,355,360,365],{"step":336,"title":337,"description":338,"tip":339},1,"Confirm board approval and grant date","Verify the board resolution or unanimous written consent that approved the equity grant. Use the board approval date as the official grant date — not the date you draft the notice.","Keep a copy of the board resolution on file alongside the executed notice; auditors and investors will request both.",{"step":341,"title":342,"description":343,"tip":344},2,"Enter recipient details and assign a grant number","Fill in the grantee's full legal name, job title, and employment start date. Assign a unique sequential grant number (e.g., GRANT-2026-0012) for cap table tracking.","Use the same grant numbering format across all equity documents so your cap table, equity platform, and notices stay in sync.",{"step":346,"title":347,"description":348,"tip":349},3,"Specify option type, share count, and exercise price","Select ISO or NSO based on the recipient's status and the company's ISO pool. Enter the exact share count and the exercise price equal to the most recent 409A FMV.","Do not issue options without a current 409A valuation in place — a stale valuation (older than 12 months) does not provide IRC §409A safe harbor.",{"step":351,"title":352,"description":353,"tip":354},4,"Enter the vesting schedule and commencement date","State the vesting commencement date (often the hire date, not the grant date), the cliff period, and the post-cliff vesting frequency. Confirm these match the award agreement exactly.","If the commencement date predates the grant date — common for new hires — ensure your equity platform can handle retroactive vesting credit.",{"step":356,"title":357,"description":358,"tip":359},5,"State the expiration date","Set the expiration at 10 years from the grant date for standard options (7 years for ISOs granted to 10%+ shareholders). Note any shorter post-termination exercise windows in the governing plan.","Consider adding a plain-language sentence flagging that the option expires 90 days after the employment relationship ends — most recipients do not read the full plan.",{"step":361,"title":362,"description":363,"tip":364},6,"Reference the governing plan and award agreement","Name the exact plan (including the year it was adopted) and confirm a copy of the award agreement accompanies the notice or is accessible via your equity platform.","If you use an equity platform such as Carta or Pulley, include the direct URL or login instructions so the recipient can accept electronically.",{"step":366,"title":367,"description":368,"tip":369},7,"Obtain an authorized signature and deliver","Have the CEO, CFO, or VP People sign on behalf of the company per the board authorization. Deliver the notice to the recipient with a clear acceptance deadline and instructions.","Deliver by email with read receipt or through your equity platform's tracked delivery feature — you want a timestamped record of when the recipient received the notice.",[371,375,379,383],{"mistake":372,"why_it_matters":373,"fix":374},"Using the notice delivery date as the grant date","The grant date determines the exercise price and starts the vesting clock. Using the wrong date misstates both, creating tax and accounting errors under ASC 718 and IRC §409A.","Always use the board approval date as the grant date. If the notice is issued days later, the grant date and notice date will differ — that is normal and correct.",{"mistake":376,"why_it_matters":377,"fix":378},"Omitting the option type (ISO vs. NSO)","ISO and NSO options carry different tax treatment for the recipient. A notice that does not specify the type forces the recipient to guess, and an incorrectly treated exercise can trigger unexpected taxes.","Explicitly state 'Incentive Stock Option' or 'Non-Qualified Stock Option' in the grant type field. If there is any doubt about ISO eligibility, consult your equity plan administrator.",{"mistake":380,"why_it_matters":381,"fix":382},"Issuing the notice without an accompanying award agreement","The notice alone does not document exercise procedures, tax withholding obligations, or termination triggers. Without the full agreement, the company has limited ability to enforce its terms.","Always attach or link the award agreement when delivering the grant notice. Confirm the recipient has received and accepted both documents.",{"mistake":384,"why_it_matters":385,"fix":386},"Vesting schedule in the notice conflicts with the award agreement","If the two documents state different vesting terms, a departing employee can argue in favor of whichever schedule is more favorable — and courts may agree.","Cross-reference the vesting language in both documents before issuing. If the award agreement is your master document, quote its vesting terms verbatim in the notice.",[388,391,394,397,400,403,406,409,412],{"question":389,"answer":390},"What is a notice of grant of stock option?","A notice of grant of stock option is a formal written communication a company sends to an employee, director, or service provider confirming that the board has approved an equity award. It states the grant date, option type, number of shares, exercise price, vesting schedule, and expiration date, and directs the recipient to the full award agreement that governs exercise and termination. It creates an official record for both the company and the recipient.\n",{"question":392,"answer":393},"What is the difference between an ISO and an NSO?","An ISO (Incentive Stock Option) qualifies for favorable US tax treatment under IRC §422 — the recipient pays no ordinary income tax at exercise and may qualify for long-term capital gains rates if holding period requirements are met. ISOs can only be granted to employees. An NSO (Non-Qualified Stock Option) does not qualify for those benefits; the spread between the exercise price and FMV at exercise is taxed as ordinary income. NSOs can be granted to employees, directors, and consultants.\n",{"question":395,"answer":396},"Why does the grant date matter?","The grant date establishes the exercise price — which must equal or exceed FMV on that date — and starts the vesting clock. Using the wrong date, even by a few days, can result in a below-FMV exercise price that triggers IRC §409A penalties for the recipient, misstatement of stock-based compensation expense under ASC 718, and potential securities law issues. Always use the board approval date, not the date the notice is printed or delivered.\n",{"question":398,"answer":399},"Does the recipient need to sign the grant notice?","Many equity plans require the recipient to formally accept the grant within a set period — typically 30 to 60 days. Acceptance is usually done by countersigning the notice or clicking an acceptance button on an equity platform. If the recipient fails to accept, most plans treat the option as either forfeited or still outstanding, depending on plan terms. Check your governing plan and state the acceptance method clearly in the notice.\n",{"question":401,"answer":402},"What is a 409A valuation and why is it required?","A 409A valuation is an independent appraisal of a private company's common stock fair market value, required under IRC §409A before granting stock options. It provides a defensible exercise price for tax purposes. Without a current 409A valuation, the IRS can recharacterize options as deferred compensation and impose a 20% excise tax plus interest on recipients. Most 409A valuations are valid for 12 months or until a material event changes the company's value.\n",{"question":404,"answer":405},"What happens to unvested options when an employee leaves?","Unvested options are typically forfeited on the date the employment relationship ends, reverting to the company's option pool. Vested but unexercised options usually must be exercised within 90 days of termination (for ISOs) or the period specified in the award agreement. Options not exercised within that window expire worthless. Some companies extend post-termination exercise windows to one or more years — check your plan terms and state them plainly in the notice.\n",{"question":407,"answer":408},"Is this notice the same as the stock option agreement?","No. The grant notice is a short summary document confirming the key terms of the award. The stock option agreement is the full legal contract that governs how, when, and under what conditions the option may be exercised, transferred, or terminated. Both documents work together — the notice references the agreement, and the agreement incorporates the equity incentive plan. Never issue a grant notice without also delivering the full award agreement.\n",{"question":410,"answer":411},"Can stock options be granted to contractors or advisors?","Yes, but only as NSOs. ISO treatment is limited to employees on the company's payroll. Contractors, advisors, and board members can receive NSOs, which carry the same economic upside but result in ordinary income taxation at exercise. Some equity plans exclude non-employees entirely — check your plan's eligibility provisions before issuing a notice to a non-employee.\n",{"question":413,"answer":414},"How long is a stock option valid?","The standard option term is 10 years from the grant date. ISOs granted to shareholders who own more than 10% of the company's voting stock are limited to a 7-year term. Options typically expire earlier upon termination — often 90 days after the employment relationship ends for ISOs, or a period specified in the plan for NSOs. The grant notice should state the full expiration date and note any earlier termination triggers.\n",[416,420,424,428],{"industry":417,"icon_asset_id":418,"specifics":419},"Technology / SaaS","industry-saas","Equity grants are a core compensation tool for attracting engineers and product managers; ISO grants are standard for US employees, with NSOs for non-US team members and advisors.",{"industry":421,"icon_asset_id":422,"specifics":423},"Financial Services","industry-fintech","Option grants to key personnel require coordination with broker-dealer compliance rules and may be subject to blackout periods tied to material non-public information policies.",{"industry":425,"icon_asset_id":426,"specifics":427},"Healthcare / MedTech","industry-healthtech","Grants to physician founders and clinical advisors are typically NSOs; FDA approval milestones often serve as performance-vesting triggers referenced in the notice.",{"industry":429,"icon_asset_id":430,"specifics":431},"Professional Services","industry-professional-services","Equity grants to senior partners and directors are used to align long-term incentives; NSO treatment is common given the mix of employees and independent contractors.",[433,436,439,443],{"vs":242,"vs_template_id":434,"summary":435},"stock-option-plan-D897","A stock option agreement is the full legal contract governing the terms of an option grant — exercise procedures, tax withholding, transferability, and termination. The grant notice is a short summary document that references and incorporates the agreement. Both documents are needed for a complete, enforceable equity grant; the notice alone is insufficient.",{"vs":239,"vs_template_id":437,"summary":438},"D{RSU_GRANT_NOTICE_ID}","An RSU (restricted stock unit) grant notice communicates an award of share units that convert to actual shares upon vesting — no exercise price and no purchase required. A stock option grant notice covers the right to buy shares at a fixed price. RSUs are simpler for recipients to understand but create a tax event at vesting regardless of whether the recipient takes any action.",{"vs":440,"vs_template_id":441,"summary":442},"Offer Letter","job-offer-letter-long-D12769","An offer letter may reference an equity grant as part of the compensation package, but it is not a substitute for the formal grant notice. The grant notice is issued only after board approval and contains the precise legal terms — grant date, exercise price, and vesting schedule — that the offer letter cannot predict. Always issue a grant notice after board approval even when the offer letter mentioned equity.",{"vs":444,"vs_template_id":445,"summary":446},"Employee Stock Purchase Plan (ESPP) Notice","D{ESPP_NOTICE_ID}","An ESPP notice enrolls employees in a plan that lets them buy company stock at a discount through payroll deductions over an offering period. A stock option grant notice awards a specific number of options at a fixed exercise price. ESPPs are broad-based plans with relatively small individual awards; option grants are typically targeted at key employees with larger potential upside.",{"use_template":448,"template_plus_review":452,"custom_drafted":456},{"best_for":449,"cost":450,"time":451},"Startups and small businesses issuing standard grants under an approved equity plan with a current 409A valuation","Free","10–15 minutes per grant",{"best_for":453,"cost":454,"time":455},"Companies issuing grants to non-US recipients, modifying existing grants, or operating without equity administration software","$200–$600 (equity counsel or plan administrator review)","1–3 days",{"best_for":457,"cost":458,"time":459},"Pre-IPO companies, complex multi-tranche grants, executive packages with performance vesting, or grants tied to M&A transactions","$1,000–$5,000+ (securities counsel)","1–3 weeks",[461,462],"iso-vs-nso-explained","equity-vesting-schedules-101",[464,441,465,466,467,468,469,470,471,472,473,474],"stock-option-plan-D13284","employment-agreement_at-will-employee-D541","employment-agreement-executive-D543","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","board-resolution-D78","adhesion-to-the-unanimous-shareholder-agreement-D848","founders-agreement-D12653","term-sheet-D473","employee-handbook-D712","compensation-and-benefits-policy-D13629",{"emit_how_to":476,"emit_defined_term":476},true,{"primary_folder":114,"secondary_folder":478,"document_type":479,"industry":480,"business_stage":481,"tags":482,"confidence":487},"equity-and-mergers","notice","general","all-stages",[483,479,484,485,486],"equity","employment","legal","stock-option",0.92,"\u003Ch2>What is a Notice of Grant of Stock Option?\u003C/h2>\n\u003Cp>A \u003Cstrong>Notice of Grant of Stock Option\u003C/strong> is a formal written communication issued by a company to an employee, director, or advisor confirming that the board of directors has approved an equity award granting the recipient the right to purchase a specified number of company shares at a fixed exercise price. The notice records the grant date, option type (ISO or NSO), share count, exercise price, vesting schedule, and expiration date, and directs the recipient to the governing equity incentive plan and accompanying award agreement. It functions as the authoritative point-of-reference document that both the company and the recipient retain to evidence the terms of the grant.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a formal grant notice, an equity award exists only in a board resolution — meaning the recipient has no written record of their vesting schedule, exercise price, or expiration date, and disputes about any of those terms become credibility contests rather than document interpretation. From the company's side, an undocumented grant creates exposure on three fronts: IRC §409A compliance requires a defensible grant date and exercise price memorialized in writing; ASC 718 stock-based compensation accounting requires a documented measurement date; and a departing employee who was never formally notified of their options may claim the grant was never properly made. This template gives you a clean, board-consistent notice you can issue within minutes of approval, ensuring every recipient knows exactly what they have been granted, when it vests, and when it expires.\u003C/p>\n",1781186038844]