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Advisor Equity Agreement
"I need an Advisor Equity Agreement for our UK-based fintech startup to bring on a senior banking executive as an advisor, offering 2% equity vesting over 24 months, with advisory services focused on regulatory compliance and market expansion strategy."
1. Parties: Identification of the company and advisor
2. Background: Context of the advisory relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment: Terms of advisor appointment and role description
5. Equity Compensation: Details of equity grant, vesting schedule, and conditions
6. Services: Scope of advisory services to be provided
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of company information
9. Governing Law: Specification of applicable law and jurisdiction
1. Non-Compete: Restrictions on competitive activities - use when advisor has access to sensitive information or competitors
2. IP Assignment: Transfer of intellectual property rights - use when advisor may create IP during service
3. Expenses: Terms for reimbursement of expenses - use when advisor may incur expenses in role
4. Insurance: Requirements for professional insurance - use when advisor provides professional services
1. Schedule 1: Services Description: Detailed outline of advisory services
2. Schedule 2: Equity Terms: Detailed terms of equity grant and vesting
3. Schedule 3: Share Rights: Rights attached to shares being granted
4. Appendix A: Vesting Schedule: Detailed vesting timeline and conditions
5. Appendix B: Company Policies: Relevant company policies applicable to advisor
Authors
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