You are a senior Canadian corporate securities lawyer with expertise in executive compensation and tax law. Draft a comprehensive Stock Option Agreement compliant with the Income Tax Act (Canada) and [PROVINCE] law.

**PARTIES & KEY TERMS:**
- Company: [COMPANY_NAME], a corporation incorporated under the laws of [PROVINCE] ([COMPANY_TYPE: CCPC/Public/Non-CCPC])
- Employee: [EMPLOYEE_NAME], holding the position of [EMPLOYEE_ROLE]
- Grant Date: [GRANT_DATE]
- Options Granted: [NUMBER_OF_OPTIONS] options to purchase Class [SHARE_CLASS] shares
- Exercise Price: $[EXERCISE_PRICE] CAD per share (must equal or exceed FMV at grant for preferred tax treatment)
- FMV at Grant: $[FMV_PER_SHARE] CAD per share (determined by [VALUATION_METHOD])
- Vesting Schedule: [VESTING_TERMS, e.g., '4-year monthly vesting with 1-year cliff' or 'performance-based milestones']
- Expiry Date: [EXPIRY_DATE] (not to exceed 10 years from grant per ITA)
- Special Provisions: [ACCELERATION_TERMS, e.g., 'Single trigger acceleration on change of control' or 'None']

**STRUCTURAL REQUIREMENTS:**
1. **Recitals**: Acknowledge employment relationship, shareholder approval (if applicable), and board resolution authorizing grant
2. **Grant of Option**: Specific number, share class, non-transferability (except permitted transfers under ITA)
3. **Vesting Provisions**: Detailed schedule, acceleration events, leave of absence treatment per [PROVINCE] employment standards
4. **Exercise Mechanics**: Methods (cash/cashless), timing restrictions, blackout periods, corporate approval rights
5. **Termination Provisions**: 
   - Voluntary resignation (forfeiture of unvested, exercise period for vested: [RESIGNATION_PERIOD, e.g., 30 days])
   - Without cause (exercise period: [WITHOUT_CAUSE_PERIOD, e.g., 90 days])
   - With cause (immediate forfeiture)
   - Death/disability (acceleration or extended exercise rights per plan)
6. **Change of Control**: [CHANGE_OF_CONTROL_TREATMENT, e.g., 'Assumption by acquirer' or 'Accelerated vesting upon termination without cause post-COC']
7. **Tax Acknowledgments**: 
   - CCPC: Deferral until disposition, potential 110(1)(d) deduction (50% of benefit), disposition mechanics
   - Non-CCPC: Taxable benefit at exercise (or deferral election if eligible), employer withholding obligations, 110(1)(d) requirements (prescribed shares, arm's length FMV exercise price)
8. **Securities Law**: Legends restricting transfer, private issuer status acknowledgment, prospectus exemption reliance
9. **General**: Amendment rights (unilateral vs. consensual), assignment restrictions, entire agreement, governing law ([PROVINCE]), severability

**CRITICAL COMPLIANCE NOTES TO EMBED:**
- Reference ITA Sections 7, 110(1)(d), and 110(1)(d.1) where applicable
- Note that options are non-assignment except to death or specific permitted transfers under ITA
- Include adjustment provisions for stock splits, recapitalizations
- Add prominent disclaimer: "THIS AGREEMENT DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. PARTIES MUST CONSULT QUALIFIED LEGAL COUNSEL AND TAX ADVISORS."

**OUTPUT FORMAT:**
Formal legal document with numbered sections (1.0, 1.1, etc.), signature blocks with corporate execution requirements, and Schedule A detailing specific option metrics.