Granting stock options to an employee? Issue a clear ESOP grant letter — options, exercise price, vesting and cliff. Generate a free draft.
An ESOP Grant Letter is the document you give an employee when you grant them stock options under your ESOP scheme — stating how many options, at what exercise price, and the vesting schedule (commonly over four years with a one-year cliff). It sits under your board-approved ESOP plan.
Note: you need an approved ESOP scheme first — the grant letter operationalises it for each employee. We can set up the scheme too.
Fill in the details below and generate a ready-to-use draft in seconds — then copy, download or print it.
Yes — the grant letter operates under a board- and shareholder-approved ESOP scheme/plan. If you don’t have one yet, we can set it up (see ESOP Scheme Setup).
A cliff (commonly one year) means no options vest until the employee completes that initial period; after the cliff, options vest gradually per the schedule. It protects the company from early leavers.
Often a low nominal price (or as advised for tax/valuation reasons). The right price depends on your cap table and valuation — we can advise.
Typically unvested options lapse, and vested options may be exercised within a window per the Plan. The specifics are set by your ESOP plan.
Our team drafts and vets founder & startup agreements tailored to your situation.
Talk to us →