Stock Option Cancellation Agreement Template for Hong Kong

1. Employment Status: Required if optionholder is an employee and cancellation affects employment terms

2. Related Agreements: Required if cancellation is part of a larger transaction or affects other agreements

3. Survival of Obligations: Required if any obligations from the original option agreement survive

4. Regulatory Compliance: Required for listed companies or when specific regulatory approvals are needed

5. Payment Terms: Required if consideration is paid in installments or subject to conditions

6. Tax Indemnity: Required if complex tax implications necessitate specific indemnification provisions

1. Schedule 1 - Details of Options: Comprehensive details of options being cancelled including grant date, exercise price, vesting schedule

2. Schedule 2 - Calculation of Consideration: If applicable, formula or mechanism for calculating cancellation consideration

3. Schedule 3 - Form of Release: Standard form of release to be signed by optionholder

4. Appendix A - Original Option Agreement: Copy of the original option agreement being cancelled

5. Appendix B - Board Resolution: Copy of board resolution approving the cancellation