Details below for OCV internal use only

Founders will be employed by an EOR provider and receive an indicative offer letter.

Also see Global Workforce Considerations for non-US based founders.

Basic offer letter fields

• Founder name
• Company legal name
• Country of employment
• EOR provider (as formal employer)
• Position - CTO, Founding Engineer, etc.
• Reporting to: name of OCV GP
• Start date
• Home office location

Compensation

Founder offer letters will need to include the following information:

• Base salary amount in local currency (use proper 3-letter currency label before amount)
• Payment schedule (monthly in arrears)

If the Company is purchasing any existing domain names from the founder, include:

“The Company will purchase the existing domain names related to [Open Source Project Name] for USD $1. These domain names will be transferred back to you in the event of a company wind down.”

The purchase of domains by the Company will be reflected as part of the Founder Common Stock Purchase Agreement (Exhibit B - Assignment Agreement).

Equity