This is an unbelievably bad plan to the point of sending a strong negative signal to former employees or any potential hires. Sure a typical option plan is lo

This is an unbelievably bad plan to the point of sending a strong negative signal to former employees or any potential hires. Sure a typical option plan is loaded with cliff, restrictions on sale, vesting/expiration but at least end of the day you end up owning a "share" of the company however unpreferential it might be. Something which has at least some form of legal precedent. This on the other hand riducules the intelligence of an average employee and is equivalent to playing a near-sociopathic trick where everyone is "equal" so you better not ask for higher share or salary. To comapre this in same light as options/RSU or even bonuses is an insult.