According to the Supreme Court, the option contract must indicate the conditions under which the right to exercise the option exercise the call arises for the beneficiary, the unambiguous specification of the securities and their number, and the price for which the beneficiary will acquire them the price may be specified either directly in the contract, or at least the method of its determination must be agreed. The Civil Code Act No. EurLex-2 Stock options, share purchase schemes and other equity instruments possibly evolving in the future belong to this category Siia kuuluvad aktsiaoptsioonid, aktsiaostukavad ja teised võimalikud tulevikus tekkivad omakapitalivahendid oj4 As part of its profit-sharing policy it offers a stock option programme to its staff. It may be part of the articles of association, internal regulation or contract for discharge of duties concluded with a member of the board of directors, or it may be approved on a one-off basis for a specific case.
A popular practice in the Czech Republic used by a number of companies for many years. In its recent decision, the Supreme Court expressed its opinion of the elements of the stock option contract not only for employees and statutory body members.
So how to conclude a valid option and what to avoid?
It has become a hit of the modern times that a joint-stock company and a member of its board of directors conclude an option for securities of a participating nature as a component of the remuneration for discharge of duties.
However, so-called option plans or stock option programmes are often offered to employees as one of the benefits.
Option contracts are also typical of joint ventures. The Civil Code Act No. In the case of employee options or options for members of the board of directors, the aim is to motivate these persons to contribute to the growth of the company and increase in the market value of the shares by their activities, whether as part of employment or discharge of duties.
Inglise keel - Eesti keel sõnaraamat
When implementing these stock programmes, the company that offers them must meet other special statutory conditions in order to be able to acquire its own shares and then transfer them to its employees or members of the board of directors. EurLex-2 And you got to be happy with those first-year stock options.
Sa peaks olema õnnelik selle esimese aasta aktsia võimalustega? Nimetatud äriühing kinnitas EurLex-2 F. Kas ma mainisin, et aktsia tõuseb kaks korda, võib-olla isegi kolm. Tahan neile küsimustele vastuseid.
Do you consider that problems related to directors' stock options should be addressed?