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From: <bertie.franklin@emishareoptions.com>
To: <bob@sarahharvey.com>
Subject: Employee Share Option Biggest Mistake
Date: Mon, 4 Nov 2024 18:27:18 -0000
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Hi Bob

Being too generous!



Giving employees a stake in your company can be a great way to recruit, 
reward and retain your staff.

However the reality is that if you are not careful you can excessively 
dilute your Captable.

There are things you can do to protect shareholders in the company though.

For example having clauses so that if an employee leaves, they may lose 
their options.

Another approach is to set a higher exercise price, which protects existing 
value in the company.

And another solution is to do smaller rounds of awards overtime, rather than 
all in one go.

All of these techniques can help protect your Captable.

At TechFranklin we can provide advice on these matters and also provide 
dilution modelling reports so you can know exactly how the proceeds of a 
sale event would be divided up.

If granting EMI options or understanding more about dilution is something 
you’d like to know more about, please do feel free to respond to this email.

Regards
Bertie Franklin

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<html><body>Hi Bob<br><br>Being too generous!<br><br><br><br>Giving =
employees a stake in your company can be a great way to recruit, reward =
and retain your staff.<br><br>However the reality is that if you are not =
careful you can excessively dilute your Captable.<br><br>There are =
things you can do to protect shareholders in the company =
though.<br><br>For example having clauses so that if an employee leaves, =
they may lose their options.<br><br>Another approach is to set a higher =
exercise price, which protects existing value in the company.<br><br>And =
another solution is to do smaller rounds of awards overtime, rather than =
all in one go.<br><br>All of these techniques can help protect your =
Captable.<br><br>At TechFranklin we can provide advice on these matters =
and also provide dilution modelling reports so you can know exactly how =
the proceeds of a sale event would be divided up.<br><br>If granting EMI =
options or understanding more about dilution is something you=E2=80=99d =
like to know more about, please do feel free to respond to this =
email.<br><br>Regards<br>Bertie Franklin<br><br><a =
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