Share Option Agreement (Exit-Only EMI Plan)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useType of legal document
💶 Non-qualifying share option agreementBusiness activity
Create a stock option schemeA non-qualifying share option agreement is a contract between an employer and employee that outlines the terms of the employee's stock options, including vesting schedules and exercise prices. The agreement may also include restrictions on when the options can be exercised and whether the options are transferable.
This agreement is designed to facilitate the incentivizing of key employees or directors by allowing them to acquire shares in a company at a predetermined price in the event of a future exit, such as an IPO or sale. By granting share options, the company offers employees the opportunity to benefit financially from the company's success and growth.
The document typically includes provisions specifying the total number of shares available, the exercise price, the vesting period, and any performance conditions that must be met for the options to become exercisable. It may also address the circumstances under which the options can be exercised, such as upon an exit event.
This legal template ensures clarity and protects the rights and obligations of both the company and the recipient of the share options. It is essential to consult legal professionals when drafting or utilizing such an agreement to ensure compliance with UK laws and to accurately reflect the intentions and interests of all parties involved.
How it works
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
Book your personalised demo now
Similar legal templates
Simple Back-to-Back Contract (Commercial)
This template is suitable for various commercial dealings such as the sale or purchase of goods, services, or intellectual property rights. It ensures that both contracts are consistent and mirror each other, safeguarding the interests of all parties involved and minimizing any potential conflicts or discrepancies.
The Simple Back-to-Back Contract (Commercial) under UK law covers essential elements such as the identification of the involved parties, the description of the goods or services being exchanged, terms of payment, delivery conditions, warranties, indemnification clauses, dispute resolution mechanisms, termination provisions, and other relevant legal clauses.
By using this legal template, parties can establish a clear contractual framework that streamlines the process and minimizes the risk of contractual disputes or misunderstandings. However, it is important to note that while this template provides a general structure for a back-to-back contract under UK law, it is always recommended to seek professional legal advice to tailor the agreement according to the specific requirements and circumstances of the transaction.
Publisher
Genie AIJurisdiction
England and WalesSite Reliability Engineer Contract
This Site Reliability Engineer contract template is designed for a commercial site reliability engineering organisation (or an individual site reliability engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of site reliability engineering and site-reliability-engineering-related services to be completed by the site reliability engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the site reliability engineering firm or individual site reliability engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
