Title: I'm part of a 100+ person startup and I've just received my stock option agreement packet, and (not surprisingly) I'm terribly confused.<p>I've been granted X shares of an "Incentive Stock Option" and I have an "Option to purchase Common Stock of the Company". Does this mean I have to buy into my own stock?<p>Also it looks like it will take five years to vest, so what happens if the company is acquired/goes public between now and then?<p>Any help is greatly appreciated. I still do my taxes using the online TurboTax basic plan, to give you an idea of how not difficult my taxes are currently. :)<p>UPDATE: Wow thanks everyone for your responses so far! I looked a bit more at the paperwork and it says (paraphrasing): 1/4 of my shares will vest on my 1-year anniversary and then 1/48th remaining will vest each month after.
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