Template

Advisor agreement

Avoid unnecessary conflict by using this editable template to specify the duties and the rights of advisor in relation to his dealings with your company.

Download the free template now.

Advisors_Agreement
What's inside

A sample advisors agreement template that you can alter and adapt to your company.

Set an equity budget for your advisor program just like you do for your employee option pool. We recommend committing 1-1.5% of your fully diluted share count.

Advisors typically get shares of common stock, just like employees, which are subject to vesting. This common stock is usually either Non-Qualified Stock Options (NSOs) or Restricted Stock Agreements (RSAs). Check with your attorney to determine which type of stock to grant your advisors.

The length of the vesting period determines the rate at which advisors earn equity. A 10,000 share grant vesting over 2 years pays out at double the rate of a 10,000 share grant vesting over 4 years. We recommend 2 or 3 year vesting periods for advisors.

Consider offering more equity as they hit certain milestones (i.e. # of warm referrals into key accounts or closed-won business as a result of their referrals).

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