<aside> 📌 At Factorial we believe that talent is one of the key factors that will determine our success. We are committed to attracting, engaging and retaining the best people to take Factorial to the next level. Ownership is one of the main values of the company, and we want to reinforce its meaning by offering real ownership of Factorial to our employees with our new ESOP program.
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<aside> 👌🏻 We believe that key contributors should benefit from the potential financial upside if we achieve our mission. This ownership is awarded through ESOP (Employee Stock Ownership Plan or “phantom shares”). This plan gives the employee the financial rights of a share to earn the profit of the difference in the increase of Factorial’s valuation.
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<aside> 🤑 We want to make sure that all Factorial employees (being currently beneficiaries of the program or not) are aware of the program and understand what it takes to be part of it - we want to inspire all of you to grow at Factorial to the point to which you can start benefiting from this program!
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Below we have summarised the key information that you can’t miss about our ESOP program in plain English 😎. For more details (and a lot of legal jargon 🤓) you can read the ESOP contract.
https://drive.google.com/file/d/13wcxFnJH25Vi-VhrhR9Vbu4_dKtBcuwj/view?usp=sharing
<aside> 📢 You can find an ESOPs valuation calculator here
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