Canada Stock Option Agreement

Create a Stock Option Agreement for a Canadian company with this fully editable template.

The Agreement provides a means for a company's directors and employees to purchase stock in the company.
The company grants an irrevocable option to the optionee to purchase the shares.
To exercise the option, the optionee must give the company a signed option notice, together with payment for the shares.
In the event of retirement, disability or death of the optionee prior to exercising, the legal representative of the optionee may exercise the option within 1 year.
If the optionee is no longer employed by the company for any reason other than retirement, disability or death, the option will expire.
If the company subdivides or reorganizes its capital, the option and the option price will be adjusted accordingly.

This Canada Stock Option Agreement template is available in MS Word format, and can be easily customized to fit your business needs.