Easy to Use Legal Templates
Quickly and easily create any legal agreement for you or your team.
Affordable Plans
Straightforward pricing plans and bespoke packages built to simplify all your legal demands.
Vast Document Library
Zegal’s comprehensive collection of agreements means you always have what you need at your fingertips.
What is Zegal?
Watch to see how Zegal can help your business create, negotiate, and sign legal documents and contracts.

Why choose Zegal?
With Zegal, you can reduce legal risks and improve the efficiency of your contract workflow, allowing you to focus on your core business operations.
Our platform is flexible, scalable, and tailored to the needs of your business.
A Directors’ Resolution to Adopt Share Option Plan is a resolution by the directors of a company to approve the adoption of an Employee Share Option Plan (ESOP).
What is a Directors’ Resolution to Adopt Share Option Plan?
This is a resolution by the directors of a company to approve the adoption of an Employee Share Option Plan (ESOP).
When do you use a Directors’ Resolution to Adopt Share Option Plan?
When a company decides to incentivize its employees by allowing their participation in stock options or share options, it creates an Employee Share Option Plan (ESOP).
Essentially, this is to lay out the terms and conditions under which an employee can get such share options. Also, what such share options will constitute.
The Board of Directors of the company plan (ESOP) first approves and then presents to the shareholders for their approval. The Shareholders of the company then give the final approval to the Plan to be adopted by the company. This approval and adoption by the directors are made effective through a Directors’ Resolution, which is when this document is used.
How to use a Directors’ Resolution to Adopt Share Option Plan?
There are two options:
-
- if a meeting of the board of directors is convened to adopt the share option plan, use a Board Minutes to adopt share option plan; or
- if the board resolution will be passed by way of a written resolution, use a Board Resolution to adopt share option plan.
What to include in the resolution?
- Details of the meeting (if using Minutes);
- Date of passing the resolution;
- Purpose of the share option plan;
- Class of shares to be issued under the plan;
- Eligible grantees;
- Maximum number of shares issuable upon exercise of all options; and
- Validity of the share option plan.
Can ESOPs be issued to consultants?
No. Employee stock options (ESOPs) are employee incentives that are aimed at incentivizing employees. It cannot be granted to consultants.
Notes on signing
- The Minutes of a General Meeting to Adopt Share Option Plan should be signed by the chairperson of the meeting.
- The Written Resolution to Adopt Share Option Plan should be signed by all the directors.
Stay compliant with the Zegal template library
Zegal legal template are meticulously crafted with the precision of AI and the expertise of seasoned human lawyers, providing a unique blend of speed and reliability.
You can trust that Zegal agreements are legally sound and fully compliant with current regulations.
Whether you're a startup, SME, or a larger enterprise, Zegal contract management will automate and speed up your legal processes.
Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.
Don’t compromise on speed or compliance. Stay secure, compliant, and efficient with Zegal.
Nice things people say about Zegal.
"Using Zegal allows us to take a lean and efficient approach that cuts costs while maximising results."

Alex So
Managing Partner

"Zegal is easy to use and customer service is responsive and helpful! I strongly recommend it!!"

Alan NG
CEO

"Zegal makes onboarding a new client or employee fast and simple."

Veronika Kuznetsova
Managing Director

“Zegal really works well for all our legal documentation needs, and it is also user-friendly and mobile at the same time.”

Daniel W. Ho
Managing Director & Principal Consultant

“Zegal is like my teammate, helps me draft the right template, quickly gets my work done, and also saves me money on legal needs.”

Alan Schmoll
CEO & Co-Founder

“With colleagues, partners, and clients across the globe, Zegal provides an easy-to-use tool that streamlines processes that saves costs and time.”

Tony Wines
CEO of Turnkey

“Zegal has been such a great help in my business operations.”

Amanda A Atan
Managing Director at VIBES Mastery

“With Zegal, we work smarter rather than harder. Being a business professional, a proper document management system is always a must.”

Edgar Kautzner
Managing Consultant

“Zegal, a platform for compact package of legal templates, secured e-signing, reasonable cost and high level customer service.”

Paul Falzon
Director

“Zegal is easy to use, affordable and the platform is simple to navigate which makes the process of putting together a document fast and fuss-free.”

Jonathan Wong
Founder & Managing Director

“Love the new flow/design, very quick and easy to use now. I have done 2 or 3 customer contracts in a flash over the past 2 days.”

Chris Head
General Manager and Managing Editor

“Consistently positive experiences with Zegal’s technology, and customer services teams, who ensure that our issues or questions are responded to immediately.”

Tony Wines
CEO of Turnkey
