Jurisdiction(s):
United Kingdom

Key definition

Option definition

What does Option mean? An option is a contractual right (but not an obligation) to buy (a call) or sell (a put) specified property, shares or other assets at an agreed or formula-based price (the exercise price), exercisable on a fixed date or within a defined exercise period. The grantor must keep the offer open; the holder may elect to exercise. The term is descriptive and used across commercial contracts, real estate (options to purchase, overage), corporate/share options and financial derivatives. Its content is shaped mainly by contract and property case law, with statutory formalities where land is involved. Key features include: consideration or a premium...

Precedent Company Share Option Plan (UK Schedule 4 CSOP) Option Certificate: template with exercise, leaver, corporate event terms, performance targets, share restrictions and tax/NICs provisions

Published by a LexisNexis Share Incentives expert

Precedents

[ insert name of Company who granted the Company Share Option Plan (CSOP) Option ] ( Company )

Option certificate in respect of an Option granted under the [ insert name of CSOP ] ( Plan )

Name
Number of Shares
Exercise Price
Date of Grant
Date from which Option is normally exercisable

This certificate confirms that you are the holder of an Option entitling you to acquire, up to the maximum permitted, [ insert class and nominal value of shares ] shares in the Company (Shares) as detailed above. The Option was granted on the Date of Grant noted above under a global deed of grant entered into by the Company [ and is conditional upon the Performance Target(s) appended to this certificate ]...

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Web page updated on 22/05/2026

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