Pre-ipo share option scheme
If a share option plan is already in existence you need to see whether any pre-IPO restructuring of the Group impacts on the existing plan. If the share price falls below the exercise price, the relevant grantee can choose not to exercise the option and the option will eventually lapse. In addition, this share transfer arrangement will help give the capital market a better understanding and provide a fuller picture of the Company's shareholding changes. The Grantee shall be solely liable to pay all taxes and other levies which may be assessed or assessable on any payments made by the Company hereunder and all payments required to be made hereunder by the Company shall be subject to the deduction or withholding of such amounts as the Board may reasonably determine is necessary or desirable by reason of any liability to tax or obligation to account for tax or loss of any relief from tax which may fall on the Company or any Subsidiary in respect of, or by reason of such payment or the exercise of the relevant SAR Option, and the Grantee agrees to indemnify and keep the Company for itself and as trustee for its subsidiaries indemnified in respect of any such liability, obligation or loss and accepts that any claim in respect of such indemnity may be satisfied by set-off against any sums due from the Company or any Subsidiary to such Grantee from time to time. In the prospective you will need to describe and explain the existing share incentives or similar arrangements and any new arrangements so that investors can identify the dilution risks and the proposed methods of incentivising staff. As some employees have already exercised their options, Wealthy Aim now holds ,, shares, or 2.