Free downloadable template
Use the template to discuss how equity is earned over time, then validate whether the partnership can handle the conversation before equity is locked.
Built for founder commitment decisions
Founders who have agreed on equity but need to protect the company if commitment changes.
The downloaded Word file includes the same sections below, so you can review the structure before saving it.
Each founder's target equity should be listed separately from the amount currently vested. This keeps the ownership promise connected to ongoing contribution.
The founders agree that equity will vest over [Vesting Period]. No equity vests before the cliff unless the founders explicitly agree otherwise in writing.
If a founder leaves before all equity is vested, the company should have a clear process for unvested equity. The goal is to avoid dead equity while treating the departing founder fairly.
The founders should agree what happens if a founder becomes part-time, changes responsibilities, or stops owning a critical function.
Acceleration terms should be explicit. If they are not needed, say so. If they are needed, define whether acceleration is single-trigger, double-trigger, partial, or none.
This template is for informational purposes only and does not constitute legal, tax, or financial advice. Review final vesting terms with qualified professionals before signing.
A template helps you structure the conversation. CofounderFit helps you test whether the partnership can survive the conversation before equity, vesting, and commitment are final.
It defines how founder equity is earned over time and what happens to unvested equity if a founder leaves or changes commitment.
Yes. Vesting is not about distrust; it protects the company and remaining founders if life, contribution, or commitment changes.
A common pattern is four years with a one-year cliff, but the right terms depend on jurisdiction, company structure, and founder context.
This template is for informational purposes only and does not constitute legal, tax, financial, or professional advice. Laws and enforceability vary by jurisdiction. Have any final agreement reviewed by a qualified professional before signing.