Share Option Agreement (Genie AI)

The Share Option Agreement (Genie AI) is a legal template that outlines the terms and conditions for granting share options to employees or other individuals associated with Genie AI, a company specializing in artificial intelligence technology. This agreement aims to establish a clear understanding between Genie AI and the option holders regarding the granting, maintenance, exercise, and transfer of share options. It typically covers important aspects such as the number of options granted, exercise price, vesting schedule, expiry dates, and any restrictions or obligations associated with the options. This legal document serves to protect the interests of both Genie AI and the option holders by defining the rights and obligations of each party throughout the share option program.