This Stock Option Agreement (“Agreement”) is made by and between ____________ (“Optionor”) and ______________________ (“Optionee”).
The Optionor is the legal and beneficial owner of __________ authorized shares (“Optionor Shares”) in the capital stock of __________________ (“Corporation”). The Optionor wishes to grant to the Optionee and the Optionee wishes to accept from theOptionor, an option to purchase _____________of the Optionor Shares (“Optioned Shares”).
Therefore in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Optionor grants to the Optionee an option (the “Option”) to purchase the Optioned Shares at a purchase price (the “Purchase Price”) of Rs. _____ per share for an aggregate Purchase Price of Rs. __________, subject to the following terms and conditions:
1. Option Exercise Period.
The Option may be exercised by the Optionee in whole, not in part, at any time from the date of this Agreement until the day preceding the earlier of (i) ________________, (ii) death of the Optionee, or (iii), the Termination Date of this Option Exercise Period. These options shall terminate on the Termination Date unless exercised by the Optionee prior to it….
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