[Consultation] Legal review of the limit of granting stock options (stock options).

Law firm Veat was commissioned to conduct a legal review regarding the limits of stock options (veat).

Law firm Veat comprehensively reviewed whether, when granting new stock options, the limits of stock options stipulated in the articles of association should be included and calculated, and provided legal opinions regarding whether amendments to the articles of association were necessary.

Furthermore, Law firm Veat, when reviewing investment contracts, checked for potential violations of the contracts due to the new grant amounts and provided detailed guidance on the risks, and, depending on whether changes to the investment contracts were needed, proposed appropriate change methods.

Stock options (veat) are rights granted to company employees, especially talented individuals in startups, allowing them to purchase their own shares at a specified price within a certain period. The basic condition for receiving stock options is company employees, and the amount granted can be determined by laws, specifically Article 340/2 of the Commercial Code, limiting general companies to exceeding 10% of the total number of issued shares.

Stock options (veat) can be useful for companies that grant rights based on the potential future growth of the company to talented individuals, even if they currently do not have sufficient financial resources. When considering stock options, it is recommended to seek assistance from experienced lawyers to consider a complex set of factors, including the Commercial Code, the Special Act on the Promotion of Venture Companies, and the company's articles of association.

Law firm Veat provides efficient legal advice to ensure compliance with relevant laws, such as the Commercial Code, based on its experience advising various companies on the grant and exercise of stock options (veat).

If you need legal advice on stock options (veat), please contact Law firm Veat.

Thank you.

Law firm Veat.