The purpose of the non-employee director stock option plan is to attract and retain highly qualified people who are not employees of the company or any of its subsidiaries to serve as non-employee directors of the company, and to encourage non-employee directors to own shares of the company's common stock.
North Dakota Nonemployee Director Stock Option Plan
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FAQ
It has historically been common for board members to be compensated through an annual cash retainer, annual equity retainer (whether in stock options or full value grants), and a variety of committee and meeting fees.
For example, Directors of Sales at companies that have raised Over 30M typically get between 0 and 250K+ shares. However, smaller companies that have raised Under 1M are more generous with their stock compensation as it ranges between . 1 and 1%+ for Directors of Sales.
Up to this point, generally speaking, with teams of less than 12 people, the average granted equity for startup employees is 1%. This number can be as high as 2% for the first hires, and in some circumstances, the first hire(s) can be considered founders and their equity share could be even greater.
Agree with your primary investor on the compensation you can offer an independent director. This is usually stock options of some kind, typically ranging from 0.25% to 1.0%, with vesting that matches the length of the first appointment (e.g., two years on the board, two-year vesting).
?NON-EMPLOYEE DIRECTOR? means a member of the Board who is not an employee of the Company or any of its Subsidiaries. ?OPTION? means an option to purchase Shares awarded to a Non-Employee Director under the Plan.
Here is one rule of thumb: directors should be awarded 0.5% of the fully-diluted equity of the company for each year of service, typically 1.5% for 3 years in the form of options on common shares with a strike price set at the fair market value (this is important for tax reasons and may be a requirement of a ...
ESOs are a form of equity compensation granted by companies to their employees and executives. Like a regular call option, an ESO gives the holder the right to purchase the underlying asset?the company's stock?at a specified price for a finite period of time.