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Letter of Intent_SOP

Non binding preliminary agreement to demonstrate intent and declare preliminary commitment to reward and motivate advisors and Board members, while increasing Company resources

High Level Description

Short non-binding agreement to declare preliminary commitment. Similar to a Term Sheet, the Letter of Intent precedes the binding agreement to come, and serves to outline key terms of the Share Option Plan, while reflecting talent contributions

Why use Template

Non binding preliminary agreement to demonstrate intent and declare preliminary commitment to reward and motivate advisors and Board members, while increasing Company resources

Key Areas of Coverage

Share Option Plan

Strategic Incentive

Compensation

When to use Template

Can be used when the particulars of the Stock Option Plan scheme are not fully formulated, to demonstrate intent and incentivize work force

Additional Information

Opportunity to attract talent and allow for participation in Company successes

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