Remuneration
As an advisor and active chairman, I strive for long-term cooperation with my clients. To ensure that the goals of the company and my personal goals are aligned, I like to be remunerated for my work with virtual shares or options. To this end I like to agree on the following or similar terms and conditions:
We agree on my hourly rate.
I document the hours I have worked but invoice a fixed retainer on a monthly basis.
For other expenses (travel expenses, meeting rooms, hospitality, licenses etc.) in connection with the assignment I will issue a separate invoice. See my travel policy.
Any worked hours at year end above the retainer volume should preferably be settled by virtual shares.
The strike price of the options will be 0€ and the number of shares is calculated according to the current value of the ordinary shares (i.e. minus any liquidation preferences or other deductions).