This is great, @anon10525910.
I’m seeing some conflicting understandings of the terms, so I want to make sure we’re all on the same page.
I read the terms to mean that each full-time individual would be paid out $5k per month in INDEX. There is no vesting for this component because they naturally need to pay for their livelihoods.
Separately, each full-time member will receive a grant today of 15,000 INDEX, which would be subject to a 2-year vest. That upside is worth ~$525,000 at the moment.
If my understanding is correct, my feedback would be that the token grant looks spot-on but the salary portion probably needs to be increased a bit. Now, I admittedly am biased because I live in NYC, and have NYC cost of living perpetually in my thought process - but I’m also looking to early-stage salary comps when I say it should be higher. I’d suggest something closer to $100k (particularly because there is no health care). If the salary figure moved up, this is an attractive package that comes with a high degree of risk but a potentially amazing return that these four can realize through their efforts over the two-year period.