Shareholders' Agreements · glossary
Shares issued to a manager at nominal value and paid for by the work she will do. Dr Sayer paid £10,000 for shares that would have cost £1,000,000 at the others' price. That is why her shares vest and carry leaver terms. Clause 2.3 · Chapter 2 · Chapter 9
Explained in Chapter 2, Shares, Classes and the Register, of Shareholders' Agreements.
Dr Sayer's C shares are sweat equity: shares issued to a manager at nominal value, for the work she will do. At £100 a share, her 10,000 shares would have cost £1,000,000. She paid £10,000, and A&W's first question was whether that was fair.Read Chapter 2, Shares, Classes and the Register →
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