Stock Option Agreements are legal contracts between an employer and employee that grant the employee the right to purchase shares of the employer’s stock at a predetermined price. They are commonly used as an incentive for employees to stay with the company, reward excellent performance, and attract new talent. A Stock Option Agreement outlines the number of stocks being granted, the exercise price, vesting schedule, and other terms associated with the agreement. It is essential to ensure that all parties understand their responsibilities and rights outlined in this agreement. Together, we can work towards a bright future of success.