WebFeb 22, 2024 · This is known as the ‘cliff period’. After the cliff period, a percentage of the shares will vest each month to the founder until all the shares have vested. The founder will own the vested shares outright without the requirement for the shares to have to be sold back to the company at no profit. WebSep 9, 2024 · The green socks clause is not 100% guaranteed, for example, the remaining partners must not be deemed to be acting in a discriminatory way to the partner they are expelling. Exercise of Expulsion. The right to expel should relate to very specific circumstances and be exercised in good faith.
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