Contract Engineer (mid 20's) involved in high tech startup companys. Questions!!!
Currently no tentative contract agreement. Compenation has been less than statisfying, $20/hr flat contract rate since 2008. Originated all patent designs and ideas, yet no co-inventor. No company stoct or employee stock options. (Q1)-Looking for advice on how to approach employer to set up contract compentation increase and/or stock incentives. Need some type of motivation to continue 50-60 hrs/wk contributions.
Emails stating following agreement: 3 inventors/partners, with different contributions. Inventor A: Holds all company stock via total investment of $120,000. Total company stock is at 56,000 shares giving stock price of $2.14. Each hour invested by all 3 inventors/parnters equals $25 or 11.6822 shares. Investor B & C caped to 17.5%.
Inventor B (me): Learned lesson in startup 1, awaiting offical contract agreements. But recently invested $2000 into company to show commitment. (Q2)-Does this result to 1.666% of company stock?? (Q3)-or does total company stock increase as investor ABC works/invests?? Meaning new company stock is 56000+934.579 (2000/2.14) = 56934.579 after investment. Returning 1.6415% of company.
(Q4)-(random) Whats the differences between company stock and stock options? (Q5)-Need to understand if the following email agreement is reasonable? If so anything I should understand or include in a contract agreement. (Q6)-How to approach inventor A with contract agreement to my liking?