This Equity-Based Employment Agreement (“Agreement”) is entered into as of
("Effective Date"), by and between the following:
2. Position and Duties
The Employee will serve as
with duties including but not limited to:
3. Term of Employment
The employment will commence on
and will continue
.
4. Compensation
Salary:
(per annum, paid in accordance with the Company’s standard payroll schedule).
Equity Grant:
shares of the Company’s common stock (the “Equity”), subject to vesting as described below.
5. Equity Vesting
The Equity will vest according to the following schedule:
Vesting Start Date
Cliff Period
Vesting Interval
Total Vesting Period
Terms of stock options or other equity grants (including exercise price, conditions, and additional terms) will be governed by the Company’s Equity Incentive Plan.
6. Confidentiality and IP Assignment
Employee agrees to maintain confidentiality regarding all Company information.
All intellectual property created in connection with employment will be the exclusive property of the Company.
7. Termination
At-Will: Employment is at-will and may be terminated by either party at any time.
Equity Forfeiture: Unvested equity will be forfeited upon termination.