Employee Share options Scheme
- or -
Post a project like this£53/hr(approx. $66/hr)
- Posted:
- Proposals: 5
- Remote
- #2172241
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Description
Experience Level: Intermediate
I need to draw up a share options scheme for my partners.
Something along these line?
contractor A retained for up to maximum 2 days cash per month @ £250 per day
Anything above these 2 days will be converted to equity in in the business.
The current valuation for the business is £1m. As there is some risk involved, I will give an upside vs a standard cash/equity swap.
As such, for each day (or part day) above 2 days, I will give an equivalent £450 pro rata per day converted to equity (at a valuation of £1m). with need to review every 6 months. A day is defined as 7.5 working hours.
The shares will be provided in the form of options to be vested into actual shares when contractor A instructs (the caveat being that it can’t be before end of next financial year) or at a trigger event (whichever comes first).
The contractor may choose to do less than the 2 days cash maximum per month and convert more to the £450 for equity.
Caveat must be that the contractor tracks time correctly with an agreed time tracking solution (for example Harvest).
Something along these line?
contractor A retained for up to maximum 2 days cash per month @ £250 per day
Anything above these 2 days will be converted to equity in in the business.
The current valuation for the business is £1m. As there is some risk involved, I will give an upside vs a standard cash/equity swap.
As such, for each day (or part day) above 2 days, I will give an equivalent £450 pro rata per day converted to equity (at a valuation of £1m). with need to review every 6 months. A day is defined as 7.5 working hours.
The shares will be provided in the form of options to be vested into actual shares when contractor A instructs (the caveat being that it can’t be before end of next financial year) or at a trigger event (whichever comes first).
The contractor may choose to do less than the 2 days cash maximum per month and convert more to the £450 for equity.
Caveat must be that the contractor tracks time correctly with an agreed time tracking solution (for example Harvest).
Rob T.
80% (4)Projects Completed
17
Freelancers worked with
18
Projects awarded
6%
Last project
23 Nov 2017
United Arab Emirates
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