Keyword/Phrase

Vested shares
unvested shares
Sale shares
Assets
Transfer of shares
Termination

Voluntory termination
Termination for cause
Injunctive relief

Competitive business

ESOP pool
 Explanation
Vested shares means shares that you own even if you are fired or you quit. They are a form of compensation.
If a company has set aside a certain amount of stock for you but stipulates that certain conditions have to be met before these
Sale shares means the shares which will be reclassified as Preference shares, to be bought and sold, and which will constitute
Assets are economic resources owned by a company.
Conveyance of a member's shares to another person is known as transfer of shares.
The act of ending something.

Voluntory termination may refer to a variety of actions, most importantly the member's decision to leave the job on its own a
Termination for cause generally occurs when an employee makes a severe error in actions or judgement.
Injunctive reliefis a legal remedy in addition to, or in place of monetary damages. It is a court order prohibiting an action.

Any company/business that competes with the present company in development or commercialisation of similar services.

Employee Stock Ownership Plan is a qualified defined-contribution employee benefit plan designed to invest primarily in the s
 Keyword/Phrase
Third party valuation firm
Independent valuer
Abuse of authority
Collusion with competitors
 Explanation
Third party valuation firm is an independent advisory firm.
Independent valuer is a person appointed by the parties who is independent of the business the company is engaged in, and p
Abuse of authority means misuse of the authority/powers by a party.
Collusion is an agreement between two or more parties to limit open competition by decieving or misleading others, in order t
 Keyword/Phrase

Assignment

Non-competition

Pro rata share

Non-solicitation

Survival of covenants

Non-disclosure

Capital table
Paid up capital
Copyrights
Patents
 Explanation

Assignment is the process of transferring to another or causing to vest in another, the whole of the rights, title and interest of

Under the non-compete clause the parties agree not to enter into or start a similar trade or profession in competition against

Pro rata share means shares will be divided in eqaul proportion.

A non-solicitation clause is added as a promise that for a certain period of time after closing the business, the parties will refra

It means that the company/business will continue even if one or more of the partners are no longer employed.

Under the non-disclosure clause the parties agree not to disclose confidential information that they have shared with each oth

A capitalization table is a spreadsheet or table, typically for a startup or early stage venture, that shows capitalization or owne
Paid up capital is the amount of money a company recieves from shareholders, in exchange for shares of stock.
Copyright is an Intellectual Property protection that grants the creator of an origenal work, eclusive rights for its use and distri
Patent is an Intellectual Property Right granted for inventions. It gives the hplder exclusive rights to a process, design or new in