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And work of the WP Engine developers would be directed by Wordpress.org, which is just Matt, not the foundation. From https://automattic.com/2024/wp-engine-ter
by oskarkk 2y ago
And work of the WP Engine developers would be directed by Wordpress.org, which is just Matt, not the foundation.
From https://automattic.com/2024/wp-engine-term-sheet.pdf https://automattic.com/2024/wp-engine-term-sheet.pdf:
Fee. In exchange for the License Grant, WP Engine shall do one of the following:
(a) Pay Automattic a royalty fee equal to 8% of its Gross Revenue on a monthly basis, within fifteen days
of the end of each month. "Gross Revenue" means all revenue generated by WP Engine from the
sale of its services, calculated without deductions for taxes, refunds, or other costs. WP Engine will
also provide Automattic a detailed monthly report of its Gross Revenue within fifteen days of the
close of each calendar month, including a product line breakdown of all revenues generated.
Automattic will have full audit rights.
(b) Commit 8% of its revenue in the form of salaries of WP Engine employees working on WordPress
core features and functionality to be directed by WordPress.org. WP Engine will provide Automattic
a detailed monthly report demonstrating its fulfillment of this commitment. WordPress.org and
Automattic will have full audit rights, including access to employee records and time-tracking.
(c) Some combination of the above two options.
- baggy_trough 2y agoAbsolute madness.
- rahkiin 2y ago> access to employee records and time-tracking I’ve seen subsidies where hourly totals are required ‘employee records’? Why does money go to Automattic instead of the Foundation?
- throw16180339 2y ago> Why does money go to Automattic instead of the Foundation? Matt wants Automattic to get the money and he controls both of them.