Stock Option Agreement

Summary

This is a form Stock Option Agreement between a Delaware start-up company and its founder. It is to be used in connection with a founder's purchase of company equity without a vesting schedule. This template contains practical guidance, drafting notes, and optional provisions. This form should be read in conjunction with the practice note Equity Incentive Compensation Plans for Start-Ups and the form Stock Option Plan. To compare select state laws on stocks and stockholders, see the Corporation: Corporation Stock and Stockholders topic in the Business Entities section of the State Law Comparison Tool.