Stock Option Agreement- Short Form (Shareholder to Optionee)

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This Stock Option Agreement is between a shareholder and an optionee who desires to purchase a certain number of shares from the shareholder. This agreement can easily be modified to meet your specific needs.

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This Stock Option Agreement (Shareholder to Optionee - Short Form) is between a shareholder (also known as the optionor) and an individual or company who desires to purchase certain shares of corporate stock from the optionor. This agreement sets out the number of shares to be optioned, price per share and total purchase price for all optioned shares. It also sets forth the timeframe for the option and how the shares will be transferred. A written Stock Option Agreement from a Shareholder to Optionee will prove invaluable in the event there are disagreements or misunderstandings surrounding the ownership of the shares.

This Stock Option Agreement (Shareholder to Optionee) includes the following:
  • Stock Information: Sets forth the name of the optionor (shareholder) and the optionee who desires to option a number of shares of stock, number of shares owned by shareholder and the number to be optioned;
  • Purchase Price: Sets forth the price per share and total purchase price for all optioned shares;
  • Option Period/Transfer: Sets out the specific option period and how the shares will be transferred to the optionee;
  • Assignment: This agreement cannot be assigned to another individual or entity;
  • Signatures: Both parties must sign this agreement in the presence of witnesses.

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State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Stock Option Agreement
(Shareholder to Optionee)

 

 
 
THIS AGREEMENT made as of       between      , of       (the “Optionor”) and      , of       (the “Optionee”).
 
 
WHEREAS:
 
(A)   The Optionor is the legal and beneficial owner of             shares (the “Optionors Shares”) in the capital stock of       (the “Corporation”); and
 
(B)   The Optionor wishes to grant to the Optionee and the Optionee wishes to accept from the Optionor, an option to purchase       of the Optionors Shares (the “Optioned Shares”);
 
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Optionor hereby grants to the Optionee an option (the “Option”) to purchase the Optioned Shares at a purchase price (the “Purchase Price”) of       per share for an aggregate Purchase Price of      , upon and subject to the following terms and conditions:
 
1.   Option Exercise Period. The Option may be exercised by the Optionee in whole (but not in part) at any time from the date hereof until the day preceding the earlier of (i)      , (ii) the death of the Optionee, or (iii)      , (the earliest of which dates shall be the “Termination Date”) and shall terminate on the Termination Date unless exercised by the Optionee prior thereto.
 
2.   Exercise of Option. The Optionee shall, for the purposes of exercising the Option, give to the Optionor notice in writing thereof (the “Notice”), accompanied by a certified check or bank draft payable to the Optionor in the amount of the Purchase Price.
 
3.   Transfer of Optioned Shares. Upon compliance by the Optionee of all of the terms and conditions of this Agreement and upon receipt by the Optionor of (i) the Notice, and (ii) payment of the Purchase Price, the Optionor shall sell and transfer to the Optionee the Optioned Shares and as evidence thereof, the Optionor shall execute in favor of the Optionee a form of transfer and an endorsement on the share certificates representing the Optioned Shares, together with such other documents to evidence the sale and transfer as the Optionee reasonably requests. The Optionor shall also cause the Corporations directors to consent to the sale and transfer of the Optioned Shares to the Optionee.
 
4.   Non-Assignability of Option. The Option is personal to the Optionee. Accordingly, the Optionee may not sell, assign or otherwise transfer the Option or any of its rights under this Agreement without the prior written consent of the Optionor, which consent may be unreasonably or arbitrarily withheld.
 
5.   Entire Agreement. This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
6.   Successors and Assigns. This Agreement shall be binding upon the parties hereto and their respective heirs, executors, administrators and successors and permitted assigns.
 
7.   Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of      .
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
 
Witness
 
     
 
 
 
 
Witness
 
     
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28883
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Stock Option Agreement
(Shareholder to Optionee)

 

 
 
THIS AGREEMENT made as of       between      , of       (the “Optionor”) and      , of       (the “Optionee”).
 
 
WHEREAS:
 
(A)   The Optionor is the legal and beneficial owner of             shares (the “Optionors Shares”) in the capital stock of       (the “Corporation”); and
 
(B)   The Optionor wishes to grant to the Optionee and the Optionee wishes to accept from the Optionor, an option to purchase       of the Optionors Shares (the “Optioned Shares”);
 
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Optionor hereby grants to the Optionee an option (the “Option”) to purchase the Optioned Shares at a purchase price (the “Purchase Price”) of       per share for an aggregate Purchase Price of      , upon and subject to the following terms and conditions:
 
1.   Option Exercise Period. The Option may be exercised by the Optionee in whole (but not in part) at any time from the date hereof until the day preceding the earlier of (i)      , (ii) the death of the Optionee, or (iii)      , (the earliest of which dates shall be the “Termination Date”) and shall terminate on the Termination Date unless exercised by the Optionee prior thereto.
 
2.   Exercise of Option. The Optionee shall, for the purposes of exercising the Option, give to the Optionor notice in writing thereof (the “Notice”), accompanied by a certified check or bank draft payable to the Optionor in the amount of the Purchase Price.
 
3.   Transfer of Optioned Shares. Upon compliance by the Optionee of all of the terms and conditions of this Agreement and upon receipt by the Optionor of (i) the Notice, and (ii) payment of the Purchase Price, the Optionor shall sell and transfer to the Optionee the Optioned Shares and as evidence thereof, the Optionor shall execute in favor of the Optionee a form of transfer and an endorsement on the share certificates representing the Optioned Shares, together with such other documents to evidence the sale and transfer as the Optionee reasonably requests. The Optionor shall also cause the Corporations directors to consent to the sale and transfer of the Optioned Shares to the Optionee.
 
4.   Non-Assignability of Option. The Option is personal to the Optionee. Accordingly, the Optionee may not sell, assign or otherwise transfer the Option or any of its rights under this Agreement without the prior written consent of the Optionor, which consent may be unreasonably or arbitrarily withheld.
 
5.   Entire Agreement. This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
6.   Successors and Assigns. This Agreement shall be binding upon the parties hereto and their respective heirs, executors, administrators and successors and permitted assigns.
 
7.   Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of      .
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
 
Witness
 
     
 
 
 
 
Witness
 
     
 

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