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.

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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

  1. Contract Law
  2. Tax Law
  3. Companies and Allied Matters Act
  4. Common Law


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