Re:On the Loss of a Cofounder
by blueblisters on Monday November 23, 2020 @04:12AM
(#25184936)
I believe standard co-founder agreements have a "without cause" termination or "resign for Good Reason" agreement which accelerates the co-founder's vesting cycle in event of death or disability. The transfer of shares by will or intestacy to immediate family members may or may not be subject to a repurchase option by the Company.
Tl;dr it depends entirely on the specific wordings of stock purchase the agreement.
Tl;dr it depends entirely on the specific wordings of stock purchase the agreement.