ºÚÁÏÊÓƵ

All Countries
Employment
Stock Option Cancellation Agreement

Stock Option Cancellation Agreement Template for Germany

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Stock Option Cancellation Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Stock Option Cancellation Agreement

"I need a Stock Option Cancellation Agreement under German law for a senior executive voluntarily surrendering 10,000 unvested stock options without consideration as part of their resignation effective March 1, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Stock Option Cancellation Agreement is utilized when a company and an option holder mutually agree to terminate previously granted stock options, typically in scenarios such as corporate restructuring, employee departures, or implementation of new compensation schemes. This document, governed by German law, must comply with the German Stock Corporation Act (Aktiengesetz), Securities Trading Act (Wertpapierhandelsgesetz), and relevant tax regulations. It details the specific options being cancelled, any consideration provided, tax implications, and mutual releases. The agreement is particularly important in ensuring clear documentation of the cancellation to prevent future disputes and maintain proper corporate records. It may require works council consultation and should address specific German law requirements regarding employee equity compensation.
Suggested Sections

1. Parties: Identification of the company issuing the stock options and the option holder

2. Background: Context of the original stock option grant and reasons for cancellation

3. Definitions: Key terms used in the agreement, including 'Stock Options', 'Option Agreement', 'Cancellation Date', etc.

4. Acknowledgment of Existing Options: Confirmation of currently held stock options and their terms

5. Cancellation: Core provision documenting the voluntary cancellation of the stock options

6. Tax Matters: Acknowledgment of tax implications and responsibilities

7. Representations and Warranties: Standard representations including authority, ownership of options, no encumbrances

8. Release: Mutual release of claims relating to the cancelled stock options

9. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Consideration: Details of any payment or other consideration for the cancellation - include if there is consideration being paid

2. Confidentiality: Confidentiality obligations - include if the terms of cancellation are to remain confidential

3. Related Agreements: Reference to and interaction with other agreements - include if cancellation is part of a broader transaction

4. Surviving Obligations: Any obligations that continue after cancellation - include if there are ongoing commitments

5. Works Council Approval: Reference to works council approval if required under German law - include if applicable to the company

6. Data Protection: GDPR compliance provisions - include if personal data processing is involved beyond basic contract administration

Suggested Schedules

1. Schedule 1 - Cancelled Stock Options: Detailed list of stock options being cancelled, including grant dates, vesting schedules, and exercise prices

2. Schedule 2 - Original Option Agreement: Copy or key terms of the original stock option agreement being cancelled

3. Schedule 3 - Calculation of Consideration: If applicable, detailed calculation methodology for any consideration being paid

4. Appendix A - Board Resolution: Copy of board resolution approving the cancellation

5. Appendix B - Tax Calculation Example: If applicable, illustrative calculation of tax implications

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses

























Relevant Industries

Technology

Financial Services

Professional Services

Manufacturing

Biotechnology

Telecommunications

Software

E-commerce

Consulting

Start-ups

Venture Capital

Private Equity

Relevant Teams

Legal

Human Resources

Finance

Compensation and Benefits

Corporate Governance

Tax

Compliance

Executive Leadership

Board of Directors

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

HR Director

Compensation Manager

Stock Plan Administrator

Corporate Secretary

Finance Director

Legal Counsel

HR Business Partner

Equity Compensation Specialist

Tax Manager

Compliance Officer

Board Member

Executive Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Stock Option Agreement Private Company

A legally binding agreement under German law that establishes terms for granting and exercising stock options in a private company.

find out more

Employee Share Option Agreement

A German law-governed agreement granting employees the right to purchase company shares at predetermined terms, subject to vesting conditions and local regulations.

find out more

Stock Option Exercise Agreement

A German-law agreement documenting the exercise of stock options and conversion into company shares, including payment terms and regulatory compliance requirements.

find out more

Incentive Stock Option Agreement

A German law-governed agreement detailing the terms and conditions for granting employee stock options, compliant with German corporate and tax regulations.

find out more

Non Qualified Stock Option Agreement

A German law-governed agreement granting rights to purchase company shares at a preset price, detailing terms, conditions, and regulatory compliance requirements.

find out more

Option Grant Agreement

A German law-governed agreement detailing the terms and conditions for granting stock options to individuals, typically as part of a company's equity compensation program.

find out more

Stock Option Award Agreement

A German-law governed agreement outlining the terms and conditions for granting company stock options to employees, complying with German corporate, securities, and tax regulations.

find out more

Stock Option Cancellation Agreement

A German law-governed agreement documenting the cancellation of employee stock options, including terms, consideration (if any), and mutual releases.

find out more

Phantom Share Agreement

A German law agreement establishing synthetic equity rights that mirror share ownership benefits without actual share transfer, providing cash payments based on company value appreciation.

find out more

Employee Share Agreement

A German law-governed agreement establishing terms for employee share ownership, including grant, vesting, and transfer conditions.

find out more

Stock Option Purchase Agreement

A German law-governed agreement establishing terms for granting company stock options to individuals, typically as part of compensation or incentive packages.

find out more

Employee Stock Option Agreement

A German-law governed agreement granting employees the right to purchase company shares under specified terms and conditions, compliant with German corporate and employment regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.