Stock Option Agreement- Long Form

This Stock Option Agreement is between a corporation and an option holder for the purchase of stock under an existing stock option plan. This agreement sets out the specifics of the arrangement including the maximum number of shares an optionee can purchase and the price per share of stock. It also includes the earliest date on which the option can be exercised and the expiration date of the option. It is important that this business transaction be memorialized in writing. A written Stock Option Agreement will prove crucial in the event of disagreements or misunderstandings between the parties. (continued ...)