25102(o)
25102(o) is the section of the California Corporation’s Code that startup company’s rely on to grant compensatory stock options that are exempted from qualification with the State of California.
The startup issuer using 25102(o) must comply with several rules, including but not limited to: Rule 701 of the Securities Act and also the filing of a notice with the California Department of Corporations.
About the Author
Ryan Roberts is a startup lawyer and represents technology companies through all phases of the startup process, including incorporation, seed & venture financings, and exit transactions. Click here to learn more about his practice.
