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Technology Stocks : Babb Enterprises, A new startup
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To: 1stSunRay who wrote (15)12/8/1997 10:29:00 PM
From: Roger A. Babb   of 119
 
How do we get paid?

Staff members will be paid with stock options which vest over a period of time. The amount of stock options granted to each staff member will be negotiated at time of acceptance and adjusted from time to time based upon performance and contribution.

Each time a spin-off company is founded, 50% of the founders stock will be distributed among the founding team and the remaining 50% will be held by the parent company for benefit of all staff members and stock holders in proportion to their ownership of the parent company. Thus everyone in the company stands to benefit from a team's success.
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