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Founders Stock Agreement
"Need a Founders Stock Agreement for my Singapore-based fintech startup with three co-founders, where I'll own 50% and the other two founders will split the remaining shares equally, with a 4-year vesting schedule starting March 2025."
1. Parties: Identifies and defines all parties to the agreement, including individual founders and the company
2. Background: Context of the agreement, company formation details, and purpose of the founders' arrangement
3. Definitions: Key terms used throughout the agreement including share classes, vesting, transfer rights, and other important concepts
4. Share Allocation: Details of initial share distribution among founders, including number of shares, classes, and consideration
5. Vesting Provisions: Schedule and terms of share vesting, including cliffs, acceleration events, and good/bad leaver provisions
6. Transfer Restrictions: Limitations on share transfers, right of first refusal, and permitted transfer exceptions
7. Founders' Commitments: Obligations and duties of founders, including time commitment, exclusivity, and performance expectations
8. Termination: Circumstances and process for agreement termination, including consequences for share ownership
1. Tag-Along Rights: Rights of minority shareholders to join in sale of shares on same terms as majority shareholders
2. Drag-Along Rights: Rights to force minority shareholders to join in sale of the company under specified conditions
3. Intellectual Property Assignment: Assignment of founders' intellectual property rights to the company
4. Non-Compete Provisions: Restrictions on founders engaging in competitive activities during and after involvement with company
1. Share Vesting Schedule: Detailed timeline and conditions for share vesting, including specific dates and milestones
2. Share Capital Table: Complete breakdown of share ownership, including all share classes and fully diluted capitalization
3. Form of Share Certificate: Template for share certificates to be issued to founders
4. Deed of Adherence: Template document for new shareholders to join the agreement
5. List of Reserved Matters: Comprehensive list of decisions requiring special majority or unanimous approval
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