<aside> 🎩 DRI: @Benedikt Ummen & @Hannah Reif

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<aside> 🌍 This page is public and can be shared with friends, candidates, and anyone interested in Luminovo.

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Luminovo’s (Virtual) Employee Stock Option Plan

<aside> 👉 Every Luminerd (with an unlimited contract) is treated like a long-term investor of the company. Therefore, they receive (virtual) stock options as part of their compensation package.

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Luminovo’s VESOP assignment and T&C letter contain all the legalese if you’re keen to read them. The most important concepts are:

• Vesting: your shares accumulate monthly over 4 years, except that they all expire if you leave within the first year.
• No value cap for Good Leavers: If you leave Luminovo as a Good Leaver, the value of your vested share options will continue to grow even after you have left the company (in case you’re comparing offers: there are startups out there that are trying to be cheap with you on this specific clause 😉).
• Full Acceleration: if the company is sold before all your shares are officially vested, they will all be declared vested.
• Strike Price: the price deducted from the liquidation price of your stock options → Set to the nominal value of 0.001 EUR per stock option.

VESOP Terms & Conditions

Mitarbeiterbeteiligungsprogramm VESOP 2022 — Optionsbedingungen / Employee Incentive Program VESOP 2022 — Terms & Conditions

Discussion Version: Mitarbeiterbeteiligungsprogramm VESOP 2022 — Optionsbedingungen / Employee Incentive Program VESOP 2022 — Terms & Conditions

FAQ

FAQ Employee Incentive Program

Luminovo ESOP