Incentive Option Agreement

• The incentive option agreement can be used when the company issues options to its employees, with the intention that the right to subscribe for the shares will start in case there’s an exit situation (asset sale, share sale, merger or demerger).
• If the option holder has the right to subscribe for the shares based on lapse of time, this agreement may not be suitable for such situation.
• Main sections include Definitions, Availability of information, Granting of options, Taxes, Power of attorney, Exit, Lapse of options, Term and termination, Confidentiality, and Limitation of liability.

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