Equity Incentive Plan Template

This Equity Incentive Plan (“Plan”) is adopted by [Company Name], a [State/Country] corporation (the “Company”), effective as of [Date].

1. Purpose

The purpose of this Plan is to promote the long-term success of the Company by providing equity-based incentives to eligible participants whose performance and loyalty contribute to the Company’s growth.

2. Definitions

For purposes of this Plan:

• “Award” means any stock option, restricted stock, RSU, performance share, or other equity-based grant made under this Plan.

• “Committee” means the board of directors or its designated compensation committee administering the Plan.

• “Participant” means any employee, director, advisor, or consultant selected to receive an Award.

3. Share Reserve

The total number of shares of Company common stock reserved for issuance under this Plan is [Number], subject to adjustment in the event of stock splits, mergers, or recapitalizations.

4. Eligibility

Eligibility is limited to employees, directors, officers, consultants, and advisors of the Company and its subsidiaries, as determined by the Committee.

5. Types of Awards

Awards under this Plan may include, but are not limited to:

• Incentive Stock Options (ISOs)

• Non-Qualified Stock Options (NSOs)

• Restricted Stock Awards (RSAs)

• Restricted Stock Units (RSUs)

• Performance-Based Awards

6. Administration

The Plan shall be administered by the Committee, which has full authority to interpret the Plan, determine participants, set award terms, and adopt rules for operation. Decisions of the Committee shall be final and binding.

7. Vesting and Exercise

Each Award shall be subject to vesting conditions as determined by the Committee. Standard vesting may include a [4-year schedule with 1-year cliff] or as otherwise determined. Exercise of stock options requires payment of the exercise price in cash or other permitted methods.

8. Transfer Restrictions

Awards may not be sold, assigned, or otherwise transferred except by will, laws of descent, or as approved by the Committee.

9. Termination of Service

Upon termination of employment or service, unvested awards shall be forfeited. Vested options may be exercised within [X days] following termination, subject to the original expiration date.

10. Adjustments

In the event of stock splits, mergers, reorganizations, or similar events, appropriate adjustments shall be made to share reserves, awards, and exercise prices.

11. Governing Law

This Plan shall be governed by and construed under the laws of [State/Country].

12. Shareholder Approval

This Plan shall become effective upon adoption by the Board of Directors and approval by the Company’s shareholders, as required by applicable law.

Signatures

Authorized Officer: _________________________ Date: _________
Name/Title: ____________________________________________