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Board of Director Option Allocation

We are an early stage company that just completed our A round of financing. We are adding a non investor to our Board. I am wondering if anyone knows the standard for issuing this individual options in regards to the amount, vesting period and cliff? Thank you


Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

Depending on how early stage you are, it is usually in the 0.5-1%. Visit the Venturehack Options Pool shuffle writeup. You can vest it and cliff it any way you want but would be good if it is granted or set up the same as everyone else.

(CFO/Board Advisor) |

Also, keep in mind that non-employee Board of Director options will be Non-qualified (NQ's) options, NOT Incentive Stock Options (ISO's) under the Internal Revenue Code. As such, you may want to consider issuing restricted stock instead.

Brett Bennett, CPA
Title: Head of Finance
Company: Bugcrowd Inc
(Head of Finance, Bugcrowd Inc) |

Thank you


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