O'Reilly logo

Angels, Dragons and Vultures: How to Tame Your Investors And Not Lose Your Company by Simon Acland

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

VESTING, GOOD LEAVERS, BAD LEAVERS, AND OTHER EMPLOYMENT-RELATED PROVISIONS

These are the parts of the legal agreements that often matter most. This is partly because, in my experience, it is the area of the agreement that most often is used, and used in circumstances when there is a conflict between investors and entrepreneur; and partly because it is the area that is least standard and most open to negotiation.

The stock vesting rules, sometimes known as “good leaver/bad leaver” provisions, are designed to deal with what happens to the management team’s shareholdings in the event that one of them ceases to be employed by the company. While these rules might be applied in circumstances where one of the team gets bored and decides to leave of ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required