Startup equity 정리 및 executive retirement pay 지급 request
Starting as a co-founder (equity a%), I am preparing for retirement as my executive term is now exactly m months away with n years of service.
At the time of founding, a shareholder agreement was signed, and there is a clause that allows for the priority sale of shares to existing shareholders through a call option upon resignation. Additionally, the articles of incorporation stipulate the payment of executive retirement allowance (retirement allowance = standard retirement allowance x years of service x payment multiple).
The company, through the efforts of the co-founder, has received an accumulated investment of OO billion won from investment institutions, with a corporate value of OOO billion won.
The existing co-founder also settled the equity at face value, and the retirement allowance was paid in agreement with the majority shareholder, which was less than the standard calculation of retirement allowance.
As the executive term is expiring, I am inquiring about receiving equity settlement and retirement allowance based on the shareholder agreement and the provisions for executive retirement allowance in the articles of incorporation.
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