Escrow agreement for Share Options where documents are held in an escrow arrangement for a period of time (typically the exercise of the options) to be granted to the Grantee upon notification by the Grantor.
By a share option agreement, the Grantor shall grant to the Grantee a call option, and are required to execute and/or deliver certain documents to the Escrow Agent.
The Grantor and the Grantee have agreed to appoint the Escrow Agent to hold the Documents and the Escrow Agent agrees to such appointment on the terms and subject to the conditions of this Agreement.
The authorities and duties of the Escrow Agent should be clearly set out. There is also a disclaimer of the Escrow Agent's liabilities.
How to use this Document?
This document should be carefully read by the Individual Grantee, Grantor and Escrow Agent.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
Create Document: Click on “Create document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.
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Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.
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