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Advisor Equity Agreement
1. Parties: Identification of the Company and the Advisor, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including the company's desire to engage the advisor and the advisor's qualifications
3. Definitions: Key terms used throughout the agreement, including specific Danish legal terminology where relevant
4. Appointment and Services: Scope of advisory services, responsibilities, and commitment levels
5. Term and Termination: Duration of the advisory relationship and conditions for termination
6. Equity Compensation: Details of equity grant, including type of securities, amount, and valuation
7. Vesting Schedule: Timing and conditions for equity vesting, including any cliff period
8. Tax Implications: Tax treatment and responsibilities in accordance with Danish tax law
9. Confidentiality: Protection of company information and trade secrets
10. Intellectual Property Rights: Ownership and assignment of IP created during the advisory relationship
11. Representations and Warranties: Standard confirmations from both parties regarding capacity and authority
12. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
1. Non-Competition: Restrictions on competing activities, only included if appropriate for the advisor's role and compliant with Danish law restrictions on such clauses
2. Non-Solicitation: Restrictions on soliciting employees or customers, included when advisor has significant customer or employee contact
3. Board Observer Rights: Rights to attend board meetings, included for senior advisors where applicable
4. Expense Reimbursement: Terms for reimbursing advisor expenses, included if advisor will incur expenses
5. Additional Services: Framework for engaging advisor in additional services beyond standard scope, included for flexible arrangements
6. Data Protection: GDPR compliance terms, included when personal data processing is extensive
7. Assignment Rights: Rights to assign equity to permitted entities like holding companies, included when advisor requests such flexibility
1. Schedule A - Services Description: Detailed outline of advisory services and specific responsibilities
2. Schedule B - Equity Terms: Detailed terms of equity grant including exact number of shares/options, price, and specific vesting conditions
3. Schedule C - Vesting Schedule: Detailed timetable and calculations for equity vesting
4. Schedule D - Company Shareholders' Agreement: Key terms from the shareholders' agreement that will apply to the advisor
5. Schedule E - Share Transfer Form: Template form for executing share transfers upon vesting
6. Schedule F - Tax Calculations: Examples of tax calculations and implications under Danish law
7. Schedule G - Confidential Information: Specific categories of confidential information relevant to the advisory role
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