Notice of exercise of option

The following Share Incentives precedent provides comprehensive and up to date legal information covering:

  • Notice of exercise of option

Notice of exercise of option

The Company Secretary[insert date of letter]
[insert name of company who granted the option] (Company)
[[insert address of company that granted the option]]

Form of notice of exercise

From: [insert name of option holder]

    1. 1

      Exercise of the Option

      I refer to the option granted to me on [insert date on which the share option was originally granted] over [insert class and nominal value of shares under option] shares in the Company (Shares) [under the terms of the [insert name of plan under which option was granted] (Plan) OR by a deed entered into by the Company on that date (Deed)] (Option), and hereby give notice that I am exercising the Option in respect of [insert number of shares being exercised] Shares at the exercise price of £[insert exercise price per share as in the original grant documentation] per Share (Exercise price) and request the allotment or transfer to me of those Shares in accordance with the terms of the [Plan OR Deed OR and the Memorandum and Articles of Association of the Company. I request that you place my name on the register of members in respect of those Shares and I hereby confirm that the above exercise is subject to the remainder of this Notice.

      [I enclose the share option agreement OR Deed OR share option

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