Document background
The Option Agreement (Shares) is a fundamental instrument in corporate structuring and employee incentivization under Irish law. It is typically used when companies wish to offer key personnel or investors the right to acquire shares at a future date, often as part of compensation packages or investment arrangements. The document outlines the terms under which options can be granted and exercised, including specific provisions required by Irish corporate and tax law. It addresses crucial elements such as vesting schedules, exercise prices, good leaver/bad leaver provisions, and tax implications. This agreement is particularly relevant for startups and growing companies in Ireland seeking to attract and retain talent while managing their cash flow and equity structure.
