<aside> ⚠️ General Note: Be aware that an agreement with non-qualified stock options can be significantly more expensive later as common agreements allow the advisor/consultant to lock in the strike price for a considerable time.
None of these are advised to be used without further legal consultation.
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<aside> 🔑 Founder / Advisor Standard Template (FAST) - by Founder Institute https://fi.co/fast
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<aside> 💡 FAST implements a three-month cliff on equity vesting with a two year stepped vesting schedule for restricted stock units or non-qualified stock options. It is not designed for non-equity compensation or hybrid compensation agreements.
Note: Experienced advisors will most certainly not agree to a cliff and >2yr stepped vesting schedule until 100% share ownership.
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<aside> 🔑 Basic Advisory Agreement Contract Template
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<aside> 💡 Includes stricter limitations for the advisor/consultant and a two year vesting schedule with 25% vested after the first year following a monthly schedule.
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<aside> 🔑 Basic SWEAT Equity Agreement
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<aside> ⚠️ Recommended to use the FAST template for SWEAT agreements. This template is implemented pro forma and would require legal counseling to customize this.
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