While we have no plans to sell Float, if this were to happen at some point in the future, team members may be eligible to receive a portion of up to 10% of the net proceeds. That 10% would be divided into Units based on the number of Participants and their lifetime earnings at Float at the time of sale. The 10% is divided into Units, which are allocated based on:

• The number of Participants at the time of sale
• Their lifetime earnings at Float

How it works

As an example, someone working for Float for three years at the time of sale, earning $100K per year, would have the same number of Units as someone working for us for two years, earning $150K per year. Their total lifetime compensation both equal $300K.

Eligibility

• You qualify on your one-year anniversary at Float.
• If you leave voluntarily or are terminated prior to the liquidity event, you will no longer participate.

How to check your units

A Google Sheet listing current Participants and their Units is available 🔗 here

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🧮  This sheet is updated as part of our end-of-the-month process, which usually falls around the 5th of each month.

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Full plan details

This is a short summary of the Plan. The Float Liquidity Carve Out Plan document controls any rights and obligations associated with this Plan and is available for review 🔗 here

Plan updates

Glenn and Lars reserve the right to amend or cancel this plan at any time.

Page Ownership: Glenn and Lars