Deed of Surrender of Shares​

This document ensures that both the grantor and the option holder mutually agree to terminate the share option, often in exchange for some form of consideration or as part of a larger transaction or restructuring. The deed outlines the terms and conditions under which the options are surrendered, and often involves legal formalities to ensure all parties are bound by the agreement.

By executing a Deed of Surrender, the company can reclaim the share options, potentially reallocating them for future grants to other employees or using them as part of the company's equity strategy. Such documents are essential for maintaining clarity and legality in corporate shareholding arrangements, preventing future disputes or misunderstandings regarding share entitlements.