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What Is A Stock Option Plan – And How To Draft Yours
There are many tools that founders can use when growing their startup. One of the most important is the ability to provide shares. These represent an ownership stake in the company. As the company grows in value, so does the share. This creates a lucrative incentive for employees to deliver exceptional results and boost the company’s value. Let’s take a closer look at how you can leverage a stock option plan to grow your business.
Giving out stock options is a great way for startups to foster employee loyalty, rewarding your team for the hard work they are putting in. Even better, if you use a stock option agreement template drafting these arrangements is easy. Now that you know how it all works, you just need to decide on a plan that works for your business.
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