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A comment on ASK HN: Sample contract for vested shares for a new cofounder.

Re:ASK HN: Sample contract for vested shares for a new cofou... by EuclidCapital2 on Thursday June 10, 2010 @08:31PM (#1422293)
Normally would be done as: he buys stock, the company has "repurchase rights" over those shares, repurchase rights "vest" / "expire" ratable over 3-4rys. (your case 2yrs).

This would be a term in your "Stock Purchase Agreement" (if you were a corp).

[ Parent | on HN ]
Re:ASK HN: Sample contract for vested shares for a new cofou... by song on Thursday June 10, 2010 @11:18PM (#1422655)
Thanks, so what is the advantage of making him buy stocks instead of giving it to him? For tax questions?

So how do I determine the price he buys stock at? and do I give him the money for buying it ?

Cheers

[ Parent | on HN ]