Starting to work with our legal team and its time to expand the team. A few questions on the vesting schedule.
Employee 1: CFO position I am bringing in a CFO from a financial background with other talents. He will be given a 10% equity position vested over a period of 1 year. In the event of a sale prior to the vesting cycle, will he be given the promised 10% (less dilution) or the % position at the time of the sale?
What language needs to be included in the event of a termination, should the company have the right to buy our the position on termination?
What are the thoughts on including a cliff (1month) to serve as a "tryout period"