That’s a lot of loopholes. From what I’ve seen in the past, the company should set up the amount they expect to pay everyone in exit bonuses aside now. Usually

That’s a lot of loopholes. From what I’ve seen in the past, the company should set up the amount they expect to pay everyone in exit bonuses aside now. Usually this is incentivized as whoever sticks around gets a chunk of that, so if people leave, the remainder get extra. Most importantly that means that leadership can’t reneg, that money has to be given away. This also means that money is effectively included as a debt the company owes during the sale so the new owners can’t reneg either. It’s in their best interest to ensure that the people who know how to keep things running stick around for awhile, so they won’t be opposed most likely. Otherwise how things are laid out is super sketchy to me. I would have to know what investment the company has already taken to know exactly how sketchy it would be. For example: preferred shares having exit multiples in case of sale could effectively wipe out any trace of payout you would see even for a large sale.