The signatures by the company and employees on an EMI option agreement or a non-qualifying option agreement have to be witnessed to be legally valid.
The witness does not need to read the option agreement but must see the signatory sign the document and they cannot be someone who might benefit from the option. This usually means that neither a family member nor an employee of the company should be the witness.
We use e-signatures to make the witnessing process for options as easy as we can for you.
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Please Note: This article contains general information only and Simply Equity is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This article is not a substitute for professional advice and should not be used as such. Simply Equity does not assume any liability for reliance on the information provided in this article.