Probably equity vested over 3-5 years. Could be SARs, stock options, profit interest only stocks or other methods of equity bonuses. Equity is great but since

Probably equity vested over 3-5 years. Could be SARs, stock options, profit interest only stocks or other methods of equity bonuses. Equity is great but since 90% of startups fail, choose wisely if you are taking a pay cut.