Employee Stock Option Agreement (ESOP) Template [Nigeria]

Updated January 20, 2024

Unlock your full potential without breaking the bank. An Employee Stock Ownership Plan (ESOP) gives you the privilege to own a slice of your company. You’re not just working; you’re investing in your future, with shares at either zero cost, a nominal fee, or below market value, once you hit your milestones.

Talented individuals are the lifeblood of startups. Cash can be tight, but ambition isn’t. With ESOPs, startups can offer a competitive edge: a share in future success. This means minimal cash payouts without shortchanging your brilliance.

Consider this: What if you could earn N10,000,000 but take home N6,000,000, with N4,000,000 worth in shares? As the company prospers, so does your share value – your wealth grows with your efforts. It’s straight dealing—no fluff. Choose a stake in tomorrow’s triumphs today.

Generate your Employee Stock Option Agreement (ESOP)

Doc - Employee Stock Option Agreement (ESOP)

What is the name of the company involved in this Employee Stock Option Agreement?

On which specific date is this Employee Stock Option Agreement made and entered into?

Where is the head office of the company located as per the Employee Stock Option Agreement?

Who is the individual participant named in the Employee Stock Option Agreement?

What is the main address of the participant mentioned in the Employee Stock Option Agreement?

Who or what entity has the discretion to select participants for stock options in the company?

What type of shares are granted as stock options in this Agreement?

How many years from the Date of Grant is the Anniversary Date mentioned in the Agreement?

On which date does the Exercise Period for the stock options commence?

On which date does the Exercise Period for the stock options expire?

On what specific date is the Agreement entered into, as mentioned in the Employee Stock Option Agreement?

How many shares of the specified type are granted to the participant in this Agreement?

What is the Exercise Price per share as set forth in the Agreement?

What is the relevant national law that the participant must comply with, as stated in the Agreement?

Within how many months must disputes be attempted to be settled amicably, as per the Agreement?

Which court has jurisdiction over any dispute arising out of this Agreement?

Affix the signature of the director of the company?

Sign Here

Affix the signature of either a director or secretary of the company?

Sign Here

What is the name of the director?

What is the name of the director or secretary?

Signature of the Employee?

Sign Here

What is the name of the Employee?

What is the name of the Employee’s witness?

What is the address of the witness?

Signature of the witness?

Sign Here

What is your role?

Small business owner

Freelance service provider

Why do you need a legal document (ESOP Contract)?

I am an employer and I need it to specify the terms and conditions of stock options granted to employees.

I need a simple agreement quickly

Others

If Others, state below

Your First Name

Your Last Name

Phone/Mobile

We are now ready to generate your smart agreement.
By clicking “Generate Smart Agreement”, you acknowledge that the information provided is accurate and you agree to the information outlined in the Employee Stock Option Agreement (ESOP)

How to use this Employee Stock Option Agreement (ESOP)

As stated above, to be used to compensate for high talents. make multiple copies. Make sure everyone has a copy in your organisation that is involved or potentially involved with your ESOP

Other names for Employee Stock Option Agreement (ESOP)

Employee Share Agreement.

Applicable Laws in Nigeria

Contract Law
Tax Law
Companies and Allied Matters Act
Common Law

Employee Stock Option Agreement (ESOP) Template [Nigeria]

Generate your Employee Stock Option Agreement (ESOP)

How to use this Employee Stock Option Agreement (ESOP)

Other names for Employee Stock Option Agreement (ESOP)

Applicable Laws in Nigeria

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Contract for Service Agreement, Individual to Corporate

Contract Renewal Letter

Employment Agreement