A share option agreement is a contract between an employer and employee that gives the employee the right to buy shares in the company at a set price within a certain period of time. The agreement will specify the number of shares the employee can purchase, the price per share, and the timeframe in which the employee must exercise their option.
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This is a legal document that grants an employee the option to buy shares in the company based on how long they have worked there and how well they have performed.
This is a legal document that grants an employee an "exit only" stock option from their company.