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Use this template to prepare a One-Off Grant of Stock Options, to issue options to a key employee, director or officer of your company pursuant to the Province of Ontario Business Corporations Act. The grant of options includes the following: The option is for a percentage of the participating common shares on a fully diluted basis. Option shares are non-voting, but otherwise participate fully with the other common shares. The option vests fully immediately upon issue of the grant, however, the optionee must be employed by the company to exercise all or any part of the option. Unexercised options expire 90 days after the death of the optionee. This is a Canadian stock option form in MS Word format.