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Equity Grant Agreement
"I need an Equity Grant Agreement under Singapore law for a Series B startup, granting 10,000 stock options to our new Chief Technology Officer with a 4-year vesting schedule starting March 1, 2025, including standard non-compete and confidentiality provisions."
1. Parties: Identifies the company and the grant recipient
2. Background: Context of the grant and reference to any equity incentive plan
3. Definitions: Key terms used throughout the agreement
4. Grant Details: Number of shares/options granted, grant date, and vesting schedule
5. Vesting Conditions: Requirements and timeline for vesting of equity
6. Exercise Provisions: Terms and conditions for exercising options/rights
7. Termination Provisions: Consequences of employment termination on equity grants
8. Governing Law: Specification of Singapore law as governing law
1. Lock-up Period: Restrictions on sale of shares after vesting, typically used for listed companies or pre-IPO situations
2. Clawback Provisions: Company's right to reclaim shares in specific circumstances, typically used for senior executives or regulated industries
3. Tax Indemnity: Grantee's obligations regarding tax liabilities, used when tax implications are significant
4. Non-Competition: Restrictions on competing activities, typically used for senior employees or key personnel
1. Vesting Schedule: Detailed timeline of vesting dates and quantities
2. Share Option Plan Rules: Complete rules of the underlying equity plan
3. Exercise Notice: Form for exercising options
4. Tax Summary: Overview of tax implications and obligations
Authors
Board of Directors
Business Day
Company
Confidential Information
Exercise Date
Exercise Notice
Exercise Period
Exercise Price
Grant Date
Grantee
Equity Incentive Plan
Market Value
Option
Ordinary Shares
Plan Administrator
Plan Rules
Restricted Stock Units
Securities and Futures Act
SGX
Share Capital
Shareholders' Agreement
Shares
Subsidiary
Tax Liability
Termination Date
Termination of Employment
Trading Day
Vesting Date
Vesting Period
Vesting Schedule
Vested Shares
Unvested Shares
Vesting
Exercise Rights
Transfer Restrictions
Termination
Confidentiality
Tax Obligations
Representations and Warranties
Notices
Amendment and Modification
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Compliance with Laws
Non-Competition
Non-Solicitation
Clawback
Lock-up Period
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Shareholders' Rights
Data Protection
Employment Status
Corporate Events
Share Adjustments
Voting Rights
Dividend Rights
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