Document background
The Simple Stock Option Agreement serves as a critical instrument for companies operating under Irish law to grant equity incentives to employees, contractors, or other eligible individuals. This document is typically used when a company wishes to provide options to purchase company shares at a predetermined price, usually as part of a compensation package or incentive scheme. The agreement outlines all essential elements required under Irish company law and tax regulations, including grant terms, vesting conditions, exercise procedures, and tax implications. It's particularly valuable for startups and growing companies looking to attract and retain talent while conserving cash resources. The document ensures compliance with Irish corporate and tax laws while establishing clear rights and obligations for both the company and the option holder.
