Equity Grant Agreement Template

This Equity Grant Agreement is made on [Date] by and between:

Company: [Company Name]
Address: [Address]

Recipient: [Full Name]
Address: [Address]

1. Grant Information

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]

2. Equity Plan or Approval Basis

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.

3. Vesting Schedule

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]

4. Continued Service Requirement

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]

5. Purchase Price or Exercise Price

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:

[Insert details]

6. Restrictions on Transfer

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:

[Insert details]

7. Repurchase, Forfeiture, or Company Rights

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:

[Insert details]

8. Rights as Equity Holder

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:

[Insert details]

9. Issuance and Certificates or Records

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]

10. Taxes and Withholding

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:

[Insert details]

11. Compliance with Law and Company Documents

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.

12. Termination of Rights

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]

13. No Guarantee of Continued Service

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.

14. Governing Law

This Agreement shall be governed by the laws of the state of [State].

15. Entire Agreement

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.

16. Signatures

Company Signature: __________________________
Name: [Full Name]
Title: [Title]
Date: [Date]

Recipient Signature: __________________________
Name: [Full Name]
Date: [Date]