Share Option Agreement - Call Option
This Share Option Agreement - Call Option is between a Grantor and a Grantee, giving the latter the right to exercise the option to purchase the Grantor’s option shares within a specified period of time. It was previously named “Share Option Agreement – Sale and Purchase Option” but has been renamed to give a more accurate description of its purpose.
The Option must be exercised within the agreed period otherwise it will lapse. The Grantee is offered some protection because the Grantor is under an obligation to give the Grantee ample opportunity to exercise the Option if the Company is restructured, sold or listed.
Details of the “Option Period”, “Option Shares”, the amount paid for the Option and the Option Price should be completed.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Share Option Agreement - Call Option is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.