Founder Vesting Agreement

Effective date: [Date]

This Founder Vesting Agreement is entered into by and between [Company legal name], [address and entity details] (“Company”), and [Founder legal name], [address and entity details] (“Founder”), together the “Parties.”

1. Parties and grant

[Number and class of shares]

2. Vesting schedule

[Vesting start date and frequency]

3. Cliff and commencement

[Single or double trigger acceleration]

4. Acceleration

[Good/bad leaver definitions]

5. Repurchase rights

[Repurchase price and notice]

6. Leaver treatment

[Tax election responsibility]

7. Tax and notices

[Tax and notices: record the definitions, obligations, approvals, timing, exceptions, and consequences that apply to this Founder Vesting Agreement]

Signatures

Company

Name: [Name]
Title: [Title or capacity]
Signature: ____________________
Date: [Date]

Founder

Name: [Name]
Title: [Title or capacity]
Signature: ____________________
Date: [Date]

Legal notice: This editable working draft is not legal advice. Have qualified counsel review it for the governing law, parties, transaction, and intended use.