DC Transactional Lawyer Joel Nied discusses CTO shares and how to shaft your CTO through word problems. This example is based on issuing Equity to an employee.
Word Problem: A founder hires a CTO and promises to give him 10% of the company’s stock. If the company hits a certain milestone, the CTO will get an additional 10%. There are currently 100 shares outstanding. Assuming the company hits the milestone, how many shares will the company have?
If you have questions regarding business acquisition or mergers, don’t hesitate to contact corporate attorney Joel Nied on his website or call us at (757) 644-4574.
Joel Nied Attorney At Law
440 Monticello Ave
Norfolk, VA 23510
Tel: (757) 644-4574
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