This template equity incentive plan provides a framework for a U.S. private company to grant various types of equity or equity-based awards to its employees, non-employee directors, consultants, and other service providers. This template includes practical guidance, drafting notes, and alternate and optional clauses. This template provides for the company's ability to grant several different types of equity-based compensation awards to employees and other service providers, including incentive stock options, nonqualified stock options, restricted stock, and restricted stock units. It also contains common provisions regarding restrictions on transferability of shares issued under the plan along with other provisions that allow the company to limit unauthorized sales of its equity. For equity incentive plan templates for public companies, see Equity Incentive Plan (Public Company) and Omnibus Incentive Compensation Plan (Public Company). For guidance on equity incentive plan drafting, ...