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Employee Stock Options Agreement
"I need an Employee Stock Options Agreement under Austrian law for our Series B startup, granting senior developers 1000 stock options each with a 4-year vesting period and a one-year cliff, to be implemented by March 2025."
1. Parties: Identification of the Company and the Employee (Option holder)
2. Background: Context of the agreement, including reference to employment relationship and stock option plan
3. Definitions: Key terms used throughout the agreement including Option, Exercise Price, Shares, Vesting Date, etc.
4. Grant of Option: Details of the stock option grant including number of shares, exercise price, and grant date
5. Vesting Schedule: Timeline and conditions for option vesting, including any cliff period
6. Exercise of Options: Procedures and conditions for exercising options, including payment methods and notice requirements
7. Term and Expiration: Duration of the option grant and circumstances leading to expiration
8. Termination of Employment: Treatment of options upon various types of employment termination
9. Transfer Restrictions: Limitations on transfer or assignment of options and shares
10. Tax Obligations: Tax responsibilities and reporting requirements for both parties
11. Compliance with Laws: Obligations to comply with relevant securities laws and corporate regulations
12. Data Protection: GDPR compliance and personal data processing provisions
13. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction
1. Change in Control: Provisions addressing acceleration or special treatment of options in case of company sale or merger
2. Shareholders' Rights: Include if granting specific shareholder rights upon exercise, such as tag-along or drag-along rights
3. Lock-up Period: Include if implementing restrictions on sale of shares after exercise
4. Company Repurchase Rights: Include if the company reserves the right to repurchase shares under certain conditions
5. International Provisions: Include for employees working across multiple jurisdictions
6. Non-Competition and Confidentiality: Include if not already covered in employment agreement
7. Market Standoff Agreement: Include if company anticipates going public
1. Schedule 1 - Option Grant Details: Specific details of the option grant including number of shares, exercise price, and vesting schedule
2. Schedule 2 - Notice of Exercise: Form for employee to complete when exercising options
3. Schedule 3 - Tax Summary: Overview of tax implications and calculations under Austrian law
4. Schedule 4 - Shareholders' Agreement Extract: Relevant provisions from the company's shareholders' agreement
5. Schedule 5 - Stock Option Plan: Copy or summary of the company's stock option plan
6. Appendix A - Consent Forms: Required regulatory and data protection consent forms
7. Appendix B - Calculation Examples: Examples of option calculations, vesting scenarios, and tax implications
Authors
Company
Option Holder
Board of Directors
Shares
Option
Exercise Price
Market Value
Grant Date
Vesting Date
Vesting Period
Vesting Schedule
Exercise Notice
Exercise Period
Expiration Date
Cause
Good Leaver
Bad Leaver
Change in Control
Competitor
Confidential Information
Employment Agreement
Fair Market Value
Group
Parent Company
Subsidiary
Share Capital
Articles of Association
Stock Option Plan
Plan Administrator
Exercise Window
Lock-up Period
Option Certificate
Shareholders' Agreement
Termination Date
Trading Day
Transfer
Unvested Options
Vested Options
Working Day
Tax Liability
Applicable Law
Austrian Stock Corporation Act
Austrian Income Tax Act
GDPR
Material Breach
Permanent Disability
Retirement Age
Subscription Rights
Term of Employment
Vesting
Exercise Rights
Exercise Price
Exercise Procedure
Term and Expiration
Termination of Employment
Death or Disability
Change in Control
Share Issuance
Transfer Restrictions
Voting Rights
Dividend Rights
Tax Obligations
Withholding Rights
Regulatory Compliance
Securities Law Compliance
Data Protection
Confidentiality
Non-Competition
Non-Solicitation
Amendment
Assignment
Notices
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Force Majeure
Costs and Expenses
Third Party Rights
Counterparts
Language
Representation and Warranties
Technology
Financial Services
Biotechnology
Manufacturing
Professional Services
E-commerce
Software Development
Healthcare
Telecommunications
Consulting
Media and Entertainment
Clean Energy
Real Estate
Consumer Goods
Industrial Technology
Human Resources
Legal
Finance
Compliance
Executive Leadership
Corporate Governance
Compensation and Benefits
Payroll
Tax
Chief Executive Officer
Chief Financial Officer
General Counsel
HR Director
Compensation Manager
Stock Plan Administrator
Legal Counsel
Finance Manager
HR Manager
Compliance Officer
Company Secretary
Board Member
Senior Software Engineer
Department Head
Senior Manager
Technical Lead
Product Manager
Sales Director
Operations Manager
Research Director
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