🪙 Exit only share option plan
A exit only share option plan is a type of employee stock ownership plan (ESOP) that allows employees to purchase shares of company stock at a set price, usually over a period of years. After a certain number of years, or when the employee reaches a certain age or level of service, the shares can be sold back to the company at their fair market value. This type of plan can be used to attract and retain employees, and to align their interests with those of the company.
Note: Working on a legal issue? Try our AI Legal Assistant
Associated business activities
Non tax-advantaged
Non-tax advantaged share option plans do not provide any tax breaks for the employee, but may be more flexible in how they are structured and can be tailored to the specific needs of the company and the employee.
Non-tax advantaged options
Non-tax advantaged options may be more flexible and advantageous in terms of timing, taxes, and estate planning.
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
