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LSDefine

Simple English definitions for legal terms

founder's share

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A quick definition of founder's share:

A founder's share is a type of share given to the person who started a company in England. It is not very common anymore, but it is given as part of the payment for the business. A founder's share only gets a share of the profits if the regular shares have already received a certain amount of money.

A more thorough explanation:

A founder's share is a type of share that is issued to the founder of a company as a part of the consideration for the business. In England, this type of share is now rare.

A founder's share only participates in profits if the dividend on ordinary shares has been paid to a specified amount. This means that the founder's share will only receive a portion of the profits after the ordinary shares have received a certain amount of dividends.

For example, if a company has issued both ordinary shares and founder's shares, and the dividend on ordinary shares has been paid to a specified amount, then the founder's share will start to receive a portion of the profits. However, if the dividend on ordinary shares has not been paid to the specified amount, then the founder's share will not receive any profits.

Overall, founder's shares are a way for the founder of a company to have a stake in the business and to potentially receive profits, but only after other shareholders have received a certain amount of dividends.

founder | founding father

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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