Advisor Stock Option Agreement for Malaysia
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Advisor Stock Option Agreement
"I need an Advisor Stock Option Agreement for our Malaysian technology startup to grant 50,000 stock options to a technical advisor, with a four-year vesting period starting March 1, 2025, and standard termination clauses for a pre-Series A company."
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1. Parties: Identification of the Company and the Advisor, including full legal names and addresses
2. Background: Context of the advisor's engagement and the company's stock option program
3. Definitions: Key terms used throughout the agreement, including 'Option Shares', 'Exercise Price', 'Vesting Schedule', 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 when options become exercisable
6. Exercise of Option: Process and requirements for exercising options, including payment methods and notice requirements
7. Term and Expiration: Duration of the option grant and circumstances of expiration
8. Restrictions on Transfer: Limitations on transferring or assigning the options
9. Rights as a Shareholder: Clarification of rights (or lack thereof) before exercise of options
10. Termination of Service: Impact of ending the advisory relationship on the options
11. Compliance with Laws: Requirements for compliance with Malaysian securities laws and regulations
12. Tax Obligations: Responsibilities for taxes arising from the grant or exercise of options
13. Notices: How formal communications between parties should be made
14. General Provisions: Standard contractual terms including governing law, amendments, and entire agreement
1. Change in Control Provisions: Special terms that apply in case of company sale or merger - include for early-stage companies
2. Lock-up Agreement: Restrictions on share sales during IPO period - include for pre-IPO companies
3. International Tax Provisions: Special tax considerations for non-Malaysian advisors - include for foreign advisors
4. Shareholder Agreement Compliance: Additional terms required by existing shareholder agreements - include if applicable
5. Consulting Services: Brief description of advisory services if not covered in separate agreement - include if no separate advisory agreement exists
6. Electronic Exercise Provisions: Procedures for electronic exercise of options - include for companies with electronic stock administration systems
1. Schedule A - Option Grant Details: Specific details of the option grant including number of shares, exercise price, and vesting schedule
2. Schedule B - Notice of Exercise Form: Template form for exercising options
3. Schedule C - Investment Representations: Advisor's representations regarding investment understanding and capacity
4. Schedule D - Vesting Milestones: Detailed description of any performance-based vesting conditions
5. Appendix 1 - Company's Stock Option Plan: Copy or summary of the company's stock option plan
6. Appendix 2 - Shareholders' Agreement: Summary of relevant shareholders' agreement provisions affecting option holders
7. Appendix 3 - Tax Summary: Summary of tax implications for option grants and exercises
Authors
Advisor
Board of Directors
Business Day
Company
Constitution
Exercise Notice
Exercise Period
Exercise Price
Grant Date
Identity Card
Option
Option Shares
Ordinary Shares
Securities Commission
Share Capital
Shareholders Agreement
Stock Option Plan
Termination Date
Vesting Commencement Date
Vesting Period
Vesting Schedule
Companies Act
Capital Markets and Services Act
Market Day
Notice
Permitted Transferee
Registration Number
Ringgit Malaysia
Securities Laws
Service Agreement
Tax
Unvested Options
Vested Options
Vesting
Exercise Rights
Exercise Price
Term and Expiration
Transfer Restrictions
Termination
Compliance
Tax
Representations and Warranties
Shareholder Rights
Confidentiality
Change of Control
Non-Competition
Non-Solicitation
Notice
Assignment
Amendment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Force Majeure
Waiver
Indemnification
Technology
Financial Services
E-commerce
Healthcare
Biotechnology
Manufacturing
Professional Services
Education Technology
Clean Energy
Consumer Goods
Real Estate
Telecommunications
Legal
Human Resources
Finance
Corporate Secretarial
Executive Leadership
Board of Directors
Compensation Committee
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Human Resources Director
Board Member
Compensation Committee Member
Technical Advisor
Strategic Advisor
Business Development Advisor
Industry Expert
Scientific Advisor
Financial Advisor
Technology Advisor
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