Option Award (Genie AI)

The Option Award (Genie AI) legal template is a document that outlines the terms and conditions for granting stock options or equity awards to employees, consultants, or other individuals within a company specifically related to the Genie AI technology. This template incorporates specific provisions and language tailored to the company's use of Genie AI, a particular artificial intelligence software or platform. It covers important aspects such as the number of options awarded, exercise price, vesting schedule, expiration dates, and any additional terms related to the Genie AI technology, including intellectual property rights, non-disclosure obligations, and any restrictions on the options. This legal template ensures compliance, clarity, and consistency in granting option awards related to the Genie AI technology within the company.