Sweat Equity Clause For Senior Employee In A Startup - CiteHR
Prime Sponsor - FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
We are planning to hire a senior resource for our startup offering him some sweat equity as part compensation (e.g. 500 shares, 250 shares vesting at end of one year and remaining at end of second year. Please help me with the clause we need to add in the offer letter regarding this.
Thanks in advance!
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear RKAY,
I suggest you include a clause stating--'On completion of one year working and subject to satisfactory performance,-------number of shares will be transferred in your name and on completion of two years of working/service in the organisation and satisfactory performance, ------number of shares of----- will be transferred in your name.It be noted that share price is subject to change and no commitment what so ever is being made with regards to market value of the shares.'
Hope this meets your requirement.
Prime Sponsor - Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™