stock-options

To draft an equity incentives plan, you structure stock options, phantom shares, or SAR mechanisms with vesting schedules, leaver rules, and exercise triggers. The output includes a complete plan draft, individual agreement templates, and a fiscal simulation aligned with Spanish practice.

Stock options grant actual equity ownership rights upon exercise, while phantom shares provide cash payouts mimicking share value appreciation. Both are structured with vesting schedules and leaver clauses, but phantom shares avoid share ownership transfer while still delivering economic benefits.

Good leaver and bad leaver clauses define consequences for vested and unvested rights upon departure. A good leaver typically retains vested options, while a bad leaver may forfeit unvested rights and face restrictions on exercising vested options, ensuring retention alignment.

This Skill specifically applies to Spanish practice and Ley de Startups (Ley 28/2022) tax considerations, including ENISA certification guardrails. While the core vesting and phantom shares mechanics are universally applicable, the tax drafting and legal verification outputs are tailored for Spanish startups.

Vesting schedules include a cliff period followed by monthly vesting, defining when beneficiaries earn their equity rights over time. The Skill structures these timetables alongside exercise windows and liquidity triggers to align employee retention with company governance.