Granting additional shares into an employee option plan each year. The plan has no expiry date and needs no additional approvals for the grants. Outstanding company shares are ratioed, pre-set, to calculate the number of shares added to the plan.

More On This Topic

Link to This Definition
Did you find this definition of EVERGREEN OPTION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary