How to Draft a Delaware C-Corp Founder Stock Purchase Agreement With 4-Year Vesting and 1-Year Cliff
A Delaware C‑corp founder stock purchase agreement typically uses a 48‑month vesting schedule with a 12‑month “cliff,” meaning 0% vests until month 12 and then monthly vesting through month 48. This structure aligns founder incentives while allowing the company to repurchase unvested shares if a founder leaves early. This article walks through the key clauses, […]