Instructions

Please complete the following questionnaire so we have the necessary information required to draft a form of a Restricted Share Subscription/Reverse Vesting Agreement. 

We understand some concepts might be new to you. If you're unsure about any of your responses, please checkmark "I Don't Know," and we will contact you directly to go through the details.  

For the next question, we will ask you to provide the details regarding the shareholders that will be subject to reverse vesting, the number and class of restricted shares they will receive and the applicable vesting schedule. 

Number and Class of Shares

If we helped structure the corporation and cap table, you can leave this part blank and we will fill in the details. 

Vesting Schedule

Most innovative startups require their founders and early-stage employees who are receiving reverse vested shares to be subject to a 4 year vesting period with a 1 year cliff period. 

This means that the Shareholder will earn 1/4 of the shares they have been provided (and they won't be able to be taken away) after working with the Company for a full year (i.e. the cliff period), and then the remaining 3/4 of the shares will vest over the next 3 years on a monthly basis (for a total vesting period of 4 years). 

You may select an alternate vesting schedule depending on your circumstances. 

If we helped structure the corporation and cap table, you can leave this part blank and we will fill in the details.