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Share option agreements
This range of New Zealand share option agreements allow the granting of shares to employees or others.
As with most aspects of a New Zealand managing a company, a company's power to issue shares is subject to the COMPANIES ACT 1993 and to the contents of the company's constitution (if there is one). Subject to any restrictions in the Act or the constitution, the company's board of directors may issue shares, at any time, to any person and in any number, as the board chooses. Issuing shares is therefore entirely at the board of directors' discretion.
Use this agreement to grant a share option to an employee based on an increased valuation of the shares. He may be employed in any capacity. Suitable for any business. The conditions to trigger option to be entered by you. New Zealand focused.
Use this agreement to grant a share option to an employee based on his success or achievement. He may be employed in any capacity. Suitable for any business. The conditions to trigger option to be entered by you. New Zealand focused.
This agreement covers a situation where the optioner is not an employee. The agreement is for the option to crystalise when the company share valuation reaches a certain level. New Zealand focused.
Use this agreement to grant a share option to a third party who is not an employee (or not yet, at least). It is based on his results or achievement. Conditions to trigger the option are to be entered by you. New Zealand focused.
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