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1. Parties: Identification of the Company granting the options and the Option Holder
2. Background: Context of the option grant, including reference to any employee stock option plan
3. Definitions: Key terms used throughout the agreement including Exercise Price, Option Shares, Grant Date, Vesting Schedule, etc.
4. Grant of Option: Details of the stock option grant, including number of shares, type of shares, and exercise price
5. Vesting of Option: Vesting schedule and conditions for the options to become exercisable
6. Exercise of Option: Process and conditions for exercising the options, including payment methods and timing
7. Termination of Employment: Effect of employment termination on vesting and exercise rights
8. Transferability: Restrictions on transfer or assignment of the options
9. Rights as a Shareholder: Clarification of rights before and after exercise of options
10. Compliance with Laws: Requirements for compliance with UAE laws and regulations
11. Taxes: Tax obligations and responsibilities of the parties
12. Notices: Process for formal communications between parties
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Change of Control: Provisions dealing with corporate reorganization, merger, or acquisition scenarios
2. Lock-up Period: Restrictions on selling shares after exercise, typically included for pre-IPO companies
3. Clawback Provisions: Company's right to recoup benefits in cases of misconduct or financial restatement
4. International Provisions: Special terms for international employees, addressing cross-border implications
5. Non-Competition: Restrictions on competing activities, subject to UAE labor law restrictions
6. Data Protection: Provisions for handling personal data in accordance with UAE privacy laws
7. Currency Provisions: Relevant for international option holders or if exercise price is in non-UAE currency
8. Electronic Communications: Provisions allowing for electronic notices and option administration
1. Schedule 1 - Option Certificate: Formal certificate detailing the specific option grant terms
2. Schedule 2 - Notice of Exercise: Form to be completed when exercising options
3. Schedule 3 - Vesting Schedule: Detailed breakdown of vesting dates and conditions
4. Schedule 4 - Shareholders' Agreement Deed of Adherence: Form for option holder to sign upon exercise to join existing shareholders' agreement
5. Schedule 5 - Tax Election Forms: Any required tax forms or elections
6. Appendix A - Stock Option Plan: Copy or summary of the governing stock option plan
7. Appendix B - Company's Articles of Association: Relevant excerpts from the company's constitutional documents
Board
Business Day
Company
Exercise Date
Exercise Notice
Exercise Period
Exercise Price
Grant Date
Option
Option Certificate
Option Holder
Option Shares
Parent Company
Plan
Share Capital
Shareholders Agreement
Shares
Subsidiary
Termination Date
UAE
Vesting Date
Vesting Period
Vesting Schedule
Articles of Association
Bad Leaver
Change of Control
Confidential Information
Constitutional Documents
Corporate Event
Deed of Adherence
Director
Dirhams
Employment Agreement
Expiry Date
Fair Market Value
Good Leaver
Grant Letter
IPO
Notice
Register of Members
Securities
Tax
Consideration
Vesting
Exercise Rights
Exercise Procedure
Exercise Price
Share Rights
Transfer Restrictions
Termination of Employment
Change of Control
Confidentiality
Non-Competition
Tax Obligations
Compliance with Laws
Corporate Events
Share Capital Reorganization
Notices
Assignment
Amendment
Severability
Entire Agreement
Waiver
Force Majeure
Governing Law
Dispute Resolution
Data Protection
Representations and Warranties
Option Administration
Share Issuance
Shareholder Rights
Lock-up Period
Tag-along Rights
Drag-along Rights
Exit Provisions
Information Rights
Technology
Financial Services
Professional Services
E-commerce
Healthcare
Real Estate
Manufacturing
Retail
Telecommunications
Media and Entertainment
Energy
Transportation and Logistics
Education
Consulting
Legal
Human Resources
Finance
Corporate Governance
Executive Leadership
Company Secretarial
Compensation & Benefits
Compliance
Treasury
Strategic Planning
CEO
CFO
COO
CTO
Senior Software Engineer
Product Manager
Sales Director
Marketing Director
HR Director
Legal Counsel
Department Head
Regional Manager
Senior Consultant
Executive Director
Vice President
Managing Director
Financial Controller
Head of Operations
Business Development Manager
Research & Development Lead
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