<aside> ⚠️ General Note: Be aware that an agreement with non-qualified stock options can be significantly more expensive later as common agreements allow the advisor/consultant to lock in the strike price for a considerable time.
None of these are advised to be used without further legal consultation.
</aside>
<aside> 🔑 Founder / Advisor Standard Template (FAST) - by Founder Institute https://fi.co/fast
</aside>
<aside> 💡 FAST implements a three-month cliff on equity vesting with a two year stepped vesting schedule for restricted stock units or non-qualified stock options. It is not designed for non-equity compensation or hybrid compensation agreements.
Note: Experienced advisors will most certainly not agree to a cliff and >2yr stepped vesting schedule until 100% share ownership.
</aside>
https://docs.google.com/document/d/1Cqwn9B9Oe0pyLU8WK2bNv0JvnuJKyee1/edit?usp=sharing&ouid=117167140681377271875&rtpof=true&sd=true
<aside> 🔑 Basic Advisory Agreement Contract Template
</aside>
<aside> 💡 Includes stricter limitations for the advisor/consultant and a two year vesting schedule with 25% vested after the first year following a monthly schedule.
</aside>
https://docs.google.com/document/d/1Esq_FomoC89nCfPQf5ph_NJlPzeplTFb/edit?usp=sharing&ouid=117167140681377271875&rtpof=true&sd=true
<aside> 🔑 Basic SWEAT Equity Agreement
</aside>
<aside> ⚠️ Recommended to use the FAST template for SWEAT agreements. This template is implemented pro forma and would require legal counseling to customize this.
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https://docs.google.com/document/d/1l_6BPnw8p1t_jcZ3q-UqBtksc6WSeHzGspCurN5PIbQ/edit?usp=sharing