Stock option contract drafting

What is the most commonly used method for startups to attract key talents? Perhaps stock options (Stock Option, 주식매수선택권) can be considered the first. Through stock options, which allow for financial rewards proportional to the company's growth, the company can attract key talents, and key talents gain motivation to work more passionately.

This concept of stock options may seem simple, but it must be granted and exercised in accordance with the complex regulations stipulated in our country's Commercial Law and Venture Enterprise Act. Stock option grants and exercises that violate relevant laws and regulations may become invalid. Law firm Veat provides legal consultation to startups and key talents who are not familiar with relevant laws and regulations regarding stock option grants and exercises. Furthermore, based on the know-how gained from numerous stock option grant and exercise cases, we propose stock option terms that satisfy both the company and key talents, and assist in drafting stock option grant contracts to minimize the possibility of disputes arising from unexpected situations such as capital increase or reduction after the stock option grant.

Company A, which launched a crowdfunding platform, also requested help from Law firm Veat in the process of granting stock options to secure talent. Through Law firm Veat’s accumulated experience and legal expertise, a stock option contract that satisfied both the company and employees could be drafted.

Thank you.

Law firm Veat