Unlike program-based agreements (which follow shared templates and rules), a stand-alone agreement:
Is created individually
Has its own terms
Is not tied to a specific pool or program structure
Is often used for one-time grants, exceptional cases, or digitalizing older agreements
Stand-alone agreements can be used for Restricted Stock Awards (RSA) or Stock Options.
You manage and create them from the incentive agreements page.
Accessing stand-alone agreements
Go to the “Incentive agreements” page in the left menu.
Scroll to the bottom, and you will find a dedicated section for Stand-alone individual agreements.
Click “+” to start creating a new agreement.
This opens a guided sequence that you follow step-by-step.
Select the receiver
First, choose who will receive the agreement:
Pick an existing stakeholder, or
Create a new stakeholder
You must also choose whether you are:
Creating a new agreement, or
Adding an existing agreement to digitalize it in Unlisted
Both choices lead to the same flow; the only difference is the intention.
Click the arrow to continue.
Select the source
You now choose where the shares/options will come from:
A) A pool
Select the pool that will supply the shares/options.
B) An existing shareholder
If you choose this, you must select which shareholder will provide the shares.
Click the arrow to continue.
Choose the type of agreement
Select whether you want to create:
Restricted Stock Awards (RSA)
Stock Options
Each type is explained below.
Creating an RSA stand-alone agreement
Share details
You will see the automatically selected share class, but you can change it.
Then enter:
Number of shares
Purchase price per share
Signing manager
Approval information
You can enter or validate:
Board approval date
Grant date
Essential terms of the agreement
Click the arrow.
Vesting details
Choose the vesting type:
Time-based
Milestones-based
Mix of both
Look at the detailed vesting article for more information.
Click the arrow.
Final summary
You will now see:
A summary of the agreement
A timeline graph (for time-based vesting if applicable)
Milestone details (if applicable)
You can:
Add documents
Send an invite so the receiver can see the shares in their portfolio
Finish
Choose:
Save as draft → agreement appears as draft
Add agreement → agreement becomes active
It will now appear in the Incentive Agreements page.
Creating a stock options stand-alone agreement
Option details
Enter:
Number of stock options
Exercise price
Option exercise period
Signing manager
Optional:
Set the expiry date relative to the vesting date
Approval information
Choose or validate:
Board approval date
Grant date
Write essential terms if needed
Click the arrow.
Vesting details
Choose:
Time-based (linear or non-linear)
Milestones-based
Mix of both
Then edit the vesting corresponding to your previous choice:
Edit vesting schedule (time-based)
Edit milestones (milestone-based)
Edit vesting (mix)
You must define:
The number of shares tied to each vesting period or milestone
Whether accelerated vesting applies in the case of a liquidation event
You can read more about vesting details in this article.
Click the arrow.
Termination Clause
Choose if you want to include or exclude termination clauses.
If included, you must fill out:
Deadlines in each situation (retirement, disability, voluntary termination, etc.)
Click the arrow.
Final summary
You will see:
A full summary of the agreement
Vesting overview (graph and/or milestones)
All selected terms
You can:
Upload documents
Send an invite so the receiver can see the agreement in their portfolio
Finish
Choose:
Save as draft → agreement appears as Draft
Add agreement → agreement becomes Active
The agreement will appear in the Incentive agreements page.
Conclusion
Stand-alone agreements allow you to create one-time or custom RSA or Stock Option agreements without linking them to programs.
Unlisted guides you through every step to ensure your agreements are clear, compliant, and added correctly to your cap table.