OWNERSHIP STRUCTURE UPON FORMATION. 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect the following: Person Shares [FOUNDER1 NAME] [FOUNDER1 SHARES AMOUNT] [FOUNDER2 NAME] [FOUNDER2 SHARES AMOUNT] [FOUNDER3 NAME] [FOUNDER3 SHARES AMOUNT] [FOUNDER4 NAME] [FOUNDER4 SHARES AMOUNT] The Founders plan to issue shares towards new employees once the next 3-5 employees are hired, diluting their respective holdings in the company by up to 20%.
Appears in 8 contracts
Samples: Founders Agreement, Founders Agreement, Founders Agreement
OWNERSHIP STRUCTURE UPON FORMATION. 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect reflect the following: Person Shares [FOUNDER1 NAME] [FOUNDER1 SHARES AMOUNT] [FOUNDER2 NAME] [FOUNDER2 SHARES AMOUNT] [FOUNDER3 NAME] [FOUNDER3 SHARES AMOUNT] [FOUNDER4 NAME] [FOUNDER4 SHARES AMOUNT] The Founders plan to issue shares towards new employees once the next 3-5 employees are hired, diluting their respective holdings in the company by up to 20%.
Appears in 5 contracts
Samples: Founders Agreement, Founders Agreement, Founders Agreement