As little as I know it works like this:
You not get 0.0..% , you get an option to buy X shares at a
given price (normally the share price when you started working). When you
want to execute the options if the share price is higher, than you get
something, otherwise not..
The X shares you get are vested over some time (like 2
years) - if you quit after 1 year you only get X/2..
http://en.wikipedia.org/wiki/Employee_stock_option
http://en.wikipedia.org/wiki/Vested
---
Maxim Shklyar
kisla interactive
From: silicon-beach-australia@googlegroups.com
[mailto:[EMAIL PROTECTED] On Behalf Of Hendro Wijaya
Sent: Tuesday, 11 November 2008 9:53
To: silicon-beach-australia@googlegroups.com
Subject: [SiliconBeach] Employees' stock agreement
Hi All,
My name is Hendro and this is my first post here. :)
I'm curious on how the agreement works for the company that want to give
their employees some stocks options (like Google / Microsoft for example).
Are they talking in terms of % like "I give you 0.02%?". That doesn't sounds
so appealing.
I have a plan to hire some early developers. They will be given some salary
like usual but, to ensure they have common interest to drive the company
forward, I would love to do some profit sharing scheme in a scalable way.
Any thoughts?
Thanks!
Cheers,
Hendro
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