Define: Unissued Option Pool
all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on s
all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on such Promised Options) under any equity incentive or similar Company plan.
Relevant Circumstances
- When a company sets aside equity for future grants to employees or advisors
- If the size of the option pool affects pre-money valuation or dilution
- Where unissued options need to be accounted for on a sale or liquidity event