Stock Option Award Agreement (Genie AI)

The Stock Option Award Agreement (Genie AI) is a legal template that outlines the terms and conditions for granting stock options to employees or executives of a company, specifically in the context of the Genie AI company. This agreement details the number of stock options being awarded, the exercise price at which the options can be bought, the vesting schedule, and other relevant provisions. It may cover important aspects such as the rights and obligations of the recipient, restrictions on the transfer or sale of the options, provisions for termination or expiration of the options, and any specific terms unique to the Genie AI company. The document aims to create a clear and legally binding agreement between the company and the recipient regarding the awarding and potential exercise of stock options in the company.