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Let's say that John now decides to exercise his stock options.

On the day he decides to exercise his options, Company XYZ shares are trading at .

One of the thornier issues which comes up in legal practice from time to time is the backdating of documents.

Legally speaking, this is something that you should not do or more accurately, there will only ever rarely be occasions when this is appropriate to do.

The board formally grants the stock options to John every year at its January board meeting.For example, let's assume that John Doe is the CEO of Company XYZ.When he was hired, the Company XYZ board of directors offered John an attractive salary as well as an annual grant of 1,000 Company XYZ stock options.Furthermore, giving the written contract its own date simply reflects the reality of how the contract process unfolded, and it’s always good to have contracts track reality.If the date of the oral agreement was reached is somehow significant, then mention it in the recitals of the written contract.

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