Stock Appreciation Rights Agreement (Genie AI)

The Stock Appreciation Rights Agreement (Genie AI) is a legal template that outlines the terms and conditions between an employer and its employees regarding Stock Appreciation Rights (SARs) offered by Genie AI. This agreement provides a comprehensive framework for employees to participate in the company's growth and share in the value appreciation of its stock. It includes details like the number of SARs granted to each employee, the exercise price, vesting schedule, and the conditions for SARs' expiration. The agreement also covers the process for exercising SARs, including restrictions on transfers or selling, as well as any tax implications associated with the SARs program. By defining the rights and obligations of both the employer and employees, this legal template helps ensure clarity and transparency in the SARs program, fostering a fair and efficient system for employees to benefit from the success of Genie AI.