Buy Out Bonus

For greater certainty, we are not running the company with an exit strategy in mind. We are running the company to create a great place to work that provides a good work life balance and that does great things for our customers, and along the way we make money, and we share those profits with our co-workers. We are not ramping the company up to sell it.

However, if majority ownership of the company is sold, which is not the plan so no one should join us with this exit in mind, and you are Full-Time with the company, you receive a portion of the purchase price. Your portion of the buy out is equal to the number of completed years you have been with the company over the number of completed years every other current Full-Time person has been with the company, not including majority shareholders who may be Full-Time with the company as of the buy out, multiplied by 5% of the price paid for the company.

For example. As of the time of this writing the company has 32 employees. 2 of whom are major shareholders and as such they are not included. The remaining 30 employees have in total 129 completed years with the company. You are currently Full-Time and been with the company for 12 years and seven months and the company was just purchased for $20,000,000. Your portion of the proceeds is equal to your 12 completed years over 129 multiplied by 5% of $20,000,000 = $93,023.