Equity grant templates
When you are handling employee equity, there are only three important legal documents that you need: Resolution, Plan Rules, and Offer Letter. All of these templates are built-in the Cake app, saving you time, money, and sparing you headaches! Use them as is or have them customised by your lawyer or accountant, it's up to you.
Resolution
A director's resolution is a formal decision or action taken by the board of directors of a company. It is a written document that records the board's agreement on a specific matter related to the company's operations, policies, or strategic decisions.
Plan Rules
Plan Rules are an essential component of stock options as they provide structure and guidance on how the plan operates and ensure that the plan is fair and equitable to all employees, whilst protecting the company in a variety of scenarios.
Offer Letter
A Stock Option Offer Letter is issued to an employee or contractor, giving them the legal right to the options. It sets out all of the specific terms that apply to the recipient, including the number of options they get, vesting schedule, and exercise price.
Country-specific, lawyer-approved legal templates, right at your finger tips
Cake allows you to create legal contracts, send them for signing, and automate your contract management, all in one place.
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