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ApplyThis Equity Grant Agreement is made on [Date] by and between:
Company: [Company Name]
Address: [Address]
Recipient: [Full Name]
Address: [Address]
Grant Date: [Date]
Grant Number or Reference Number: [Number, if applicable]
The Company grants to the Recipient the following equity award:
☐ common stock
☐ restricted stock
☐ stock option
☐ restricted stock units
☐ membership units
☐ profits interest
☐ other: [Describe]
Number of Shares / Units / Awards Granted: [Number]
This grant is made under the following authority:
☐ equity incentive plan titled: [Plan Name]
☐ board approval dated: [Date]
☐ shareholder or member approval dated: [Date]
☐ standalone grant not under a formal plan
☐ other: [Describe]
If a plan or governing document applies, this Agreement is subject to that document except as specifically stated here.
The granted equity shall vest as follows:
☐ fully vested on grant date
☐ monthly vesting over [Number] months
☐ quarterly vesting over [Number] months
☐ annual vesting over [Number] years
☐ cliff vesting after [Number] months
☐ other vesting schedule: [Describe]
Vesting start date: [Date]
Additional vesting notes, if any:
[Insert details]
Except as otherwise stated in this Agreement, vesting is conditioned on the Recipient’s continued service with or to the Company or its affiliate.
Service capacity:
☐ employee
☐ consultant
☐ advisor
☐ director
☐ founder
☐ other: [Describe]
If the Recipient’s service ends, unvested equity shall be handled as follows:
[Insert forfeiture, cancellation, or other terms]
The price applicable to this grant is:
☐ no purchase price applies
☐ purchase price of [$Amount] per share or unit
☐ exercise price of [$Amount] per share or unit
☐ other: [Describe]
Total amount due, if applicable: [$Amount]
Payment terms, if applicable:
The Recipient may not sell, assign, pledge, transfer, or otherwise dispose of the granted equity except:
☐ as permitted under the plan or company documents
☐ with the Company’s prior written consent
☐ as required by law
☐ other: [Describe]
Additional transfer restrictions, if any:
The following terms apply to repurchase, forfeiture, or other Company rights:
☐ unvested equity is subject to repurchase by the Company
☐ vested equity remains subject to transfer restrictions
☐ Company has right of first refusal
☐ Company may repurchase under the following conditions: [Describe]
☐ other: [Describe]
Repurchase price or formula, if applicable:
The Recipient shall have the following rights, if and when applicable:
☐ voting rights
☐ dividend or distribution rights
☐ information rights only as provided by law or agreement
☐ no ownership rights until exercise or issuance, if applicable
☐ other: [Describe]
Additional holder rights or limits:
The granted equity shall be issued or recorded as follows:
☐ certificate issuance
☐ book-entry or electronic record
☐ issuance only after payment or exercise
☐ issuance subject to tax withholding or approval steps
☐ other: [Describe]
The Recipient understands that the grant, vesting, exercise, settlement, or transfer of equity may create tax consequences.
Any withholding, reporting, election, or tax payment obligation shall be handled as follows:
☐ Recipient is responsible for all taxes
☐ Company may withhold cash, payroll amounts, or shares if permitted
☐ Recipient may make an election as allowed by law
☐ other: [Describe]
Additional tax notes, if any:
This grant is subject to applicable law, the Company’s organizational documents, securities restrictions, and any applicable plan or policy.
The Recipient agrees to sign additional documents reasonably required to carry out the grant and related Company records.
This grant or portions of it may terminate, expire, or be canceled as follows:
☐ upon termination of service
☐ upon failure to satisfy vesting conditions
☐ upon expiration of option term, if applicable
☐ under the plan terms
☐ other: [Describe]
Nothing in this Agreement guarantees continued employment, engagement, board service, or other ongoing relationship with the Company.
The Recipient’s service remains subject to any separate agreement and applicable law.
This Agreement shall be governed by the laws of the state of [State].
This Agreement contains the full understanding between the parties regarding the equity grant described above and replaces prior discussions on that subject unless otherwise stated in writing.
Any amendment to this Agreement must be made in writing and signed as required by the Company and applicable governing documents.
Company Signature: __________________________
Name: [Full Name]
Title: [Title]
Date: [Date]
Recipient Signature: __________________________
Name: [Full Name]
Date: [Date]
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Frequently asked
An equity grant agreement is a written agreement that gives a person the right to receive or hold equity in a company under stated terms. It usually explains the type of equity being granted, the number of shares or units, vesting rules, restrictions, and any conditions that apply to ownership or exercise. It helps create a clear record of the grant between the company and the recipient.
You need an equity grant agreement to clearly define the terms of the equity award and reduce misunderstandings. It helps explain what has been granted, when the equity vests, what happens if the recipient leaves, and what company rules or plan documents apply. A written agreement also supports cap table tracking, internal approvals, and equity administration.
Use an equity grant agreement when a company grants shares, restricted stock, options, units, or another form of equity to a founder, employee, advisor, consultant, director, or service provider. It is commonly used during hiring, founder structuring, advisor arrangements, retention planning, or company compensation programs.
Start with the names of the company and recipient, then identify the equity plan or approval basis for the grant. After that, state the type and amount of equity, the grant date, vesting schedule, any exercise or purchase price, and any transfer or forfeiture restrictions. Finish with tax acknowledgments, governing law, and signatures so the agreement is clear and ready to use.
AI Lawyer can help by organizing the agreement into clear sections so each reviewer can find the relevant details quickly. It can also add internal reference fields, vesting notes, and placeholders that make updates easier to track. A consistent structure helps reduce repeated edits and lowers the chance of missing key details like grant dates, vesting schedules, equity type, or repurchase terms before the agreement is signed.
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