I have received two job offers both containing stock purchase options. Unfortunately, I have no clue what they mean and how to compare one with another.
Company A: It will be recommended at the first meeting of the Company's Board of Directors following commencement of employment, that The Company grant to you an option to purchase 1,000 shares of The Company's common stock at a price per share equal to the fair market value on the date prior to such grant. The vesting schedule for these options is subject to a 4-year vesting schedule, with 25% and 1/4% of the options becoming vested on the anniversary of each year of the grant date.
Company B: Subject to the Company’s Board of Directors (the “Board”) approval after you commence employment, you will receive an option grant to purchase 25,000 shares of the Company’s common stock, at a purchase price equal to the fair market value of the Company’s Common Stock on the date of grant (such fair market value to be determined by the Board). The option will be subject to the terms and conditions applicable to options granted under the Company’s 2015 Equity Incentive Plan (the “Plan”), as described in the Plan and the applicable option agreement that you will be required to sign. All shares subject to such option will vest over five years, commencing on your first day of employment with the Company (the “Vesting Commencement Date”). Twenty percent (20%) of the shares subject to such option shall vest on the one year anniversary of the Vesting Commencement Date and the remaining options shall vest in equal monthly installments over the four years thereafter.
Thanks in advance for your help.