What is it?
A Vesting Deed is a document which sets out a scheme called ‘share vesting’. Individuals can earn shares in the company in reward for loyalty and meeting certain milestones or metrics. They essentially ‘earn’ shares in the company through loyalty or high performance. Typically shares are given to (or ‘vested’) in the employee or co-founder at pre-determined points in time. For example 25% of their shares after a year, the next 25% after two years, and so on. If the employee or co-founder leaves before the shares have been fully vested in them, the deed ensures that they must sell back the unvested shares at cost price. This is probably going to be a great deal for your company as it has most likely grown in value in this time.
Why Cubed by Law Squared?
Cubed by Law Squared offers bespoke legal documents tailored for your business at an affordable price. This means no more copy-and-pasting important legal documents!
After speaking with one of our lawyers and agreeing to work with us, our plain-English and user-friendly bots will ensure that we get all the relevant information we need from you. This allows us to keep our costs low, but the quality of our service high. From here we create and tailor the documents to match your business’s requirements as well as industry specifics. This means you won’t be caught short if things don’t go to plan!
How do I get it?
To provide you with a vesting deed that is tailored to your business we need to know a bit more about you first! Sign-up for an obligation and stress-free phone call with one of our lawyers. From there we will assess your business needs and help you make the right decisions for the company moving forward. Our costs are always upfront and reasonable. So get in contact below (or above!) and one of our friendly lawyers will be in touch!