Board minutes of directors for the allotment and issuance of shares of the Company to an employee (usually after the satisfaction of certain conditions pursuant to the employment contract).
The Directors have received and reviewed a subscription letter from EMPLOYEE] (“Employee”) for the allotment and issuance of X shares of the Company with a par value of Y each (the "Shares"), in accordance with the employee share option plan pursuant to the employment contract entered into between Employee and the Company (“Allotment and Issuance”). The subscription price of the Shares shall be Z in total, which shall be paid up in full to the Company.
Allotment of shares,
Subscription of Shares,
Issuance of Shares,