Founder Vesting Agreement Template

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Founder Vesting Agreement Template

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Founder Vesting Agreement Template (1)
Between:
[Name of the Founder]
[Founder’s ID]
[Founder’s Address]
[Founder’s Phone]
[Founder’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This document serves to formalize the Founder’s Vesting Agreement commencing on [Effective Date], which outlines the terms under which the founder’s equity will vest over a specified period.
Clause 1: Vesting Schedule
The Founder’s equity will vest over a period of [Duration], with [X%] vesting at the end of each [Time Period].
Clause 2: Initial Equity Allocation
The Company agrees to grant the Founder an initial share allocation of [Number of Shares] which will be subject to the vesting schedule.
Clause 3: Acceleration
In the event of a change of control, the remaining unvested shares will automatically vest, as stipulated herein: [Specify conditions].
Clause 4: Termination of Service
If the Founder ceases to be actively involved with the Company, the unvested shares will be forfeited as of the termination date.
Clause 5: Governing Law
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Founder]
[Name of the Founder]
[Signature of the Company Representative]
[Name of the Company Representative]
Founder Vesting Agreement Template (2)
Between:
[Name of the Founder]
[Founder’s ID]
[Founder’s Address]
[Founder’s Phone]
[Founder’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This agreement outlines the vesting structure applicable to the Founder’s shares, effective as of [Effective Date].
Clause 1: Vesting Terms
The shares will vest according to the following schedule: [Specify detailed vesting terms and conditions].
Clause 2: Shareholder Rights
Prior to the vesting of the shares, the Founder will retain certain rights, including [Specify rights].
Clause 3: Breach of Agreement
In the event of a breach of this agreement, the Company reserves the right to [Specify remedies].
Clause 4: Non-Transferability
The Founder agrees that the unvested shares are non-transferable and will remain with the Company.
Clause 5: Final Acceptance
Both parties confirm that they understand and agree to the terms outlined in this agreement and will honor them accordingly.
Signed in [City], [Date].
Sincerely,
[Signature of the Founder]
[Name of the Founder]
[Signature of the Company Representative]
[Name of the Company Representative]

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Please complete the form below to create the Founder Vesting Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Founder Vesting Agreement Template

1. Founder Information


2. Company Information

3. Agreement Details

4. Vesting Schedule

5. Total Shares

6. Acceleration Clause

7. Termination Conditions

8. Representations and Warranties

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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Founder Vesting Agreement Template

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Founder Vesting Agreement Template