Equity Agreement Statement For Services In Franklin
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The company's stock began trading on the New York Stock Exchange in 1986 under the ticker symbol "BEN". In the same year, the company opened its first office outside North America in Taiwan.
Our transfer agent is Computershare.
Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent's name and contact information.
Franklin Resources, Inc. NYSE:BEN, one of the world's largest investment managers, is better known as Franklin Templeton. Through our distinct specialist investment managers, we offer specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.
A transfer agent's principal functions are to issue and cancel certificates to reflect changes in ownership of the securities of an entity and to act as an intermediary for the company. A registrar's function is to maintain the register of the issuer for each issue of securities.
An equity agreement is like a partnership agreement between at least two people to run a venture jointly. An equity agreement binds each partner to each other and makes them personally liable for business debts.
Startup equity is distributed among employees as a form of compensation to attract and retain talent, and the amount allocated often varies based on the company's stage, the employee's role and the potential growth of the startup.
As a rule of thumb, a non-founder CEO joining an early-stage startup (that has been running less than a year) would receive 7-10% equity. Other C-level execs would receive 1-5% equity that vests over time (usually 4 years).
