Vestd has released its new employee share scheme framework, Agile Partnerships. It ensures that those who are rewarded shares have contributed to the company’s success.
Equity rewards will be based on performance milestones to insure what individuals are expected to contribute to the company. The rewards will then be released according to what people contribute compared to what was promised.
Go deeper with GlobalData
Under Agile Partnerships, individuals will only retain equity if they contributed to the business and the amount received is proportionate to what was delivered.
Other uses include bringing co-founders and early hires into the business, incentivising NEDs and advisors, transforming management structures, and transitioning senior people out of a company.
The terms and milestones are determined with the employees that set the conditions and equity allocation on a per person basis. The rewards are then delivery-based.
Vestd co-founder and CEO Ifty Nasir said: “Employee share schemes – if managed correctly and the right one is chosen – deliver huge benefits to the business in terms of improving productivity and recruiting and retaining skilled people. This makes them very attractive to start-ups and small companies who have limited budgets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“However, there is a risk that founding partners and early hires will walk away with significant equity, having not delivered business benefits to the company. Agile Partnerships™ are a watertight solution to this problem.”
The framework costs £100 ($129) per month.
