Co Founder Vesting Agreement Template for Nigeria

1. Cliff Period: Specifies an initial period before any shares vest, typically used for new or unproven co-founders

2. Accelerated Vesting: Conditions under which vesting schedule may be accelerated (e.g., company sale or IPO)

3. Good Leaver/Bad Leaver Provisions: Different treatment of unvested shares based on circumstances of departure

4. Tag-Along Rights: Rights of co-founders to join in sale of shares by other shareholders

5. Drag-Along Rights: Company's right to force co-founders to sell shares in certain circumstances

6. Intellectual Property Assignment: Specific provisions for IP created by co-founders during the vesting period

7. Non-Competition: Restrictions on competing activities during and after the vesting period

8. Board Representation: Rights of co-founders to board seats during vesting period

1. Schedule 1 - Share Allocation Table: Detailed breakdown of initial share allocation and vesting schedule for each co-founder

2. Schedule 2 - Founder Information: Personal details and contact information for all co-founders

3. Schedule 3 - Company Information: Corporate details including registration number, registered office, and share capital structure

4. Schedule 4 - Vesting Calculations: Detailed methodology for calculating vested shares at any given point

5. Schedule 5 - Share Transfer Form: Template for transferring shares upon vesting or other permitted transfers

6. Appendix A - Deed of Adherence: Template for new co-founders to join the vesting agreement

7. Appendix B - Share Certificate Template: Format for share certificates to be issued upon vesting