This ESOP template creates a set of employee share option plan (ESOP) rules for use by tech startups based in Southeast Asia wishing to grant options to purchase ordinary shares in the company to directors, employees or contractors.
The rules include a template letter of grant to send to each employee, director or contractor who is to be offered options in the company. If the recipient wishes to accept the offer then they must countersign and return the letter of grant to the company within 21 days. The company only issues the option certificate to the option holder once it has received the countersigned letter of grant (the form of that certificate is also set out in these rules).
related guides you might also find useful
- 5 key commercial decisions you need to make about your ESOP before you start
- How to set up an ESOP: a step by step guide
- Tricky clauses: what happens to an employee’s share options when a company exits?
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