The stock option plan is established by the company`s board of directors and provides details about the rights of the fellow. The option agreement contains the main details of your option grant, such as the exercise plan, as the OSes are unshakable, the shares represented by the grant and the exercise price. If you are a senior employee or executive, it may be possible to negotiate certain aspects of the option agreement, for example. B an exercise plan in which the shares are more quickly unshakable or a lower exercise price. It may also be worth discussing the option agreement with your financial planner or asset manager before signing on the dot line. Date of grant. The date on which an employer grants an employee the opportunity to purchase a certain number of shares at a specified exercise price. .