Call Option Agreement: shares

Option Agreement for the grant by a holder of shares in a private limited company of a call option over the shares in favour of a buyer.

When do I use this document?

for the grant of a call option over shares in a private limited company
where the agreement does not include a corresponding put option

What are the key features?

24 clauses over 14 pages
grant of the call option, with related definitions of option shares, exercise conditions and exercise period
call option exercise and form of exercise notice
mechanics for sale and purchase of option shares
warranties and undertakings from the seller

What else do I need to know?

The principal matters which the parties to a call option agreement will need to negotiate include:

option shares: the number of option shares
exercise conditions: whether the call option exercise is subject to satisfaction of any pre-conditions
exercise period: the time period during which the buyer may exercise the call option
exercise price: the price payable for the shares

What other docs are available?

For alternative option agreements over shares, see:

Description

When do I use this document?

for the grant of a call option over shares in a private limited company
where the agreement does not include a corresponding put option

What are the key features?

24 clauses over 14 pages
grant of the call option, with related definitions of option shares, exercise conditions and exercise period
call option exercise and form of exercise notice
mechanics for sale and purchase of option shares
warranties and undertakings from the seller

What else do I need to know?

The principal matters which the parties to a call option agreement will need to negotiate include:

option shares: the number of option shares
exercise conditions: whether the call option exercise is subject to satisfaction of any pre-conditions
exercise period: the time period during which the buyer may exercise the call option
exercise price: the price payable for the shares

What other docs are available?

For alternative option agreements over shares, see:

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£50.00 exc VAT

Updated by a lawyer on 10/09/2024

Updated By a lawyer on 05/23/2023

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