Chapter 242 Options
Li Chuan and Jiang Zeyu tugged back and forth for nearly half an hour before they negotiated the "shares".
In the past half hour, they have reached several agreements:
1. Six months before Jiang Zeyu joined Miki Media, no matter what position he held, he was in the internship period; During the internship period, Jiang Zeyu only had a salary and no shares, and his salary was calculated according to the "annual salary of 1.2 million", which is 600,000 yuan in six months.
Remark:
No matter how capable Jiang Zeyu is, he needs to be investigated for a period of time.
During the inspection period, Li Chuan, of course, will not give him any shares.
2. Within six months, Li Chuan needs to let Miki Media wholly acquire Mr. Sen's studio, and the purchase price will not exceed 80% of the normal market price, and if it fails, Li Chuan will transfer 20% of the shares (Miki Media) to Jiang Zeyu for free.
Remark:
This is a VAM clause.
Jiang Zeyu may have been an investment bank for a long time and has a very strong sense of risk control.
In his view, Miki Media's lack of Mr. Sen's trademark and brokerage authority is a great unstable factor, and it may collapse at any time, in order to avoid this situation, he strongly asked Li Chuan to transfer Mr. Sen's trademark and brokerage authority to Miki Media, so as to achieve the intention of completely binding Mr. Sen and Miki Media.
In this regard, Li Chuan thought for a long time and finally agreed.
At the beginning, he chose to separate Mr. Mori from Miki Media in order to avoid possible troubles in the future, but now, Miki Media does not have Mr. Sen's trademark and brokerage authority, which is indeed a very bad phenomenon, which will not only have a great impact on the valuation of Miki Media, but also make some employees feel uneasy, which is really worth the loss.
The transfer of Mr. Sen's trademark and brokerage authority to Miki Media will not have any impact on him, after all, he still owns 100% of the equity of Miki Media, and enjoys absolute control over Miki Media.
As long as he doesn't lose control of Miki Media, no one can dictate him.
After figuring this out, Li Chuan no longer resisted.
It is very easy to complete the acquisition within six months, the key is whether he wants to or not, as long as he wants to, he can do it within an hour, and there is no pressure at all.
However, he was not in a hurry.
Because "Miki Media's acquisition of Mr. Mori's studio" is a good opportunity to cash out, he needs to plan carefully.
Mr. Mori's studio has Mr. Mori's trademark and brokerage rights, and it is worth at least more than one billion, while Miki Media does not have so much money at the moment, so it needs to wait patiently for a while...... Six months, the estimate is about the same.
3. After Jiang Zeyu spends the internship period, he can get a part of the options, but they are not free.
Remark:
The content of the option is: Jiang Zeyu has the right to buy the shares of Miki Media at a price of "20 yuan per share", with a purchase limit of 100,000 shares.
The articles of association of the company set that the total share capital of Miki Media is 10 million shares.
The upper limit of 100,000 shares is 1%, and the price of "20 yuan per share" is equivalent to buying 1% of the equity of Miki Media with 2 million.
Some people may wonder, why buy? Instead of sending?
This question involves psychology to a certain extent.
You picked up a hundred dollars on the side of the road and you went to the construction site to move bricks and earned a hundred dollars...... It's all a hundred dollars, which is more valuable?
In most cases, a person who picks up a hundred yuan may go to the supermarket to buy a pack of cigarettes, buy a bottle of drink, and then go to the vegetable market to buy some meat, vegetables, fruits, etc., and spend it in a short time; And the 100 yuan earned by moving bricks is different, everyone knows that it is not easy to make money by moving bricks, 100 yuan in your pocket, and you will not spend lavishly, you may buy a bag of instant noodles, buy a bottle of mineral water or something, and deal with it.
This is the difference between giving and not paying.
What you get for free often doesn't know how to cherish it; And what you get after paying a certain price will be more valued.
Jiang Zeyu has not been working for a long time, and his savings over the years are only about two million, and he can buy the shares of Miki Media all at once, and he can't pay attention to it himself.
Only when he attaches importance to it can he devote all his energy to his work...... This is crucial.
Some people may ask, what if Jiang Zeyu buys the stock and leaves his job immediately?
Li Chuan has long thought of this, and while he provided Jiang Zeyu with options, he also made a set of detailed mandatory repurchase terms.
The specific content is as follows:
If Jiang Zeyu resigns within six months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "20 yuan per share";
If Jiang Zeyu resigns within 12 months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "30 yuan per share";
If Jiang Zeyu resigns within 18 months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "40 yuan per share";
If Jiang Zeyu resigns within 24 months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "60 yuan per share";
If Jiang Zeyu resigns within 36 months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "100 yuan per share";
If Jiang Zeyu resigns within 60 months after acquiring the shares, Miki Media has the right to repurchase all the shares at a price of "200 yuan per share";
If Jiang Zeyu does not leave his post within 60 months after acquiring the shares, Miki Media will lose the mandatory repurchase authority...... At that time, Jiang Zeyu could be regarded as really holding the 1% of the shares.
Li Chuan used these restrictive measures to firmly bind Jiang Zeyu to the big ship of Miki Media...... This transaction is definitely a sure deal.
4. After Jiang Zeyu has completed the internship period, he can get a part of the options for free every year of work.
Remark:
The content of the option is as follows:
Jiang Zeyu has officially worked for 12 months, and can get 20,000 shares for free, with a standard share quota of 0.2%;
Jiang Zeyu has officially worked for 24 months, and can get 30,000 shares for free, with a standard share quota of 0.3%;
Jiang Zeyu has officially worked for 36 months, and can get 50,000 shares for free, with a nominal share quota of 0.5%;
Jiang Zeyu has officially worked for 48 months, and can get 80,000 shares for free, with a standard share quota of 0.8%;
Jiang Zeyu has officially worked for 60 months and can get 120,000 shares for free, with a nominal share quota of 1.2%.
What is the "Quota of Shares"?
To put it bluntly, it is an anti-dilution clause, because in the future development process of Miki Media, there may be a situation of "share increase and expansion".
What is "Share Enhancement"?
For example, Miki Media's total share capital is 10 million shares, and now the total share capital has become 20 million shares, but although the total share capital has doubled, the company's overall valuation or market value has not changed, which will cause the value of each share to drop by 50%.
If there is no anti-dilution clause, the original 100,000 shares, the number of shares has not changed, but the value has dropped by half, which is unacceptable to anyone.
Therefore, the amount of shares should be marked in the prescribed option terms.
The specific realization method is: the current total share capital is 10 million shares, 100,000 shares marked 1% of the shares, if the increase in shares is expanded to 20 million shares, then the standard 1% of the shares will be used as the benchmark, and 200,000 shares will be distributed downward.
That's where the anti-dilution clause comes in.
Jiang Zeyu's previous 100,000 shares did not have an anti-dilution clause, but Li Chuan would not deliberately cheat him.
Li Chuan left Jiang Zeyu in order to let him work for himself, if he deliberately cheated him, how could he work with peace of mind?
This is a simple reason that does not need to be explained.
The 1% agreed before, and the current agreed 0.2%, 0.3%, 0.5%, 0.8%, and 1.2%, all add up to a total of 4%.
This means that Jiang Zeyu can get a 4% stake after five years of official work at Miki Media.
This does not include the terms of the award.
If Jiang Zeyu has made a relatively large contribution at work, the company will also reward him with some options...... With Jiang Zeyu's educational background and work experience, it is not difficult to get this option.
Therefore, after Jiang Zeyu officially worked for five years, his shares were more than 4%.
The exact amount is uncertain, but it is estimated that it will not be less than 5%.
Speaking of which, some people may ask again, Li Chuan didn't think much of the 5% stake before, why did he agree now?
It's not a concept.
Jiang Zeyu just joined the company and didn't do anything, of course Li Chuan was unwilling to give him 5% of the shares, but the option terms were different, Jiang Zeyu wanted to get 5% of the shares, at least he had to work for Miki Media for at least five years.
Five years later, if Jiang Zeyu is still in the company, then he will be a real entrepreneurial veteran, and there is a high probability that he will even become a partner of the company.
For a newcomer who has just joined the company, a 5% stake is a fantasy; But is 5% of the shares too much for a full-fledged corporate partner?
Li Chuan is not a merciless person, if Jiang Zeyu is willing to follow him for more than five years, 5% of the shares are nothing.
If the results are significant, 10%, 20% of the shares, he is willing to give!
Moreover, judging from the current conditions, it will take more than five years for Jiang Zeyu to really get the 5% shares.
Because the options that Jiang Zeyu obtains every year will come with a mandatory repurchase clause.
The content of the mandatory buyback clause is consistent with the above.
Therefore, the arrival of options is not the end, if Jiang Zeyu leaves within five years, the options he obtains will still be compulsorily acquired.
This means that it will take at least ten years for Jiang Zeyu to really get the 5% shares.
Ten years, what is the concept?
Jiang Zeyu is a high-end talent, and the time cost is already very expensive, not to mention that he is only 29 years old, which is the age to do things.
At around half past four in the afternoon, Li Chuan and Jiang Zeyu signed a formal labor contract.
The terms of the employment contract are formulated in full accordance with what they have agreed on before, without the slightest deviation.
After the contract was signed, Li Chuan checked it and found no problems, so he got up from the boss's chair and took the initiative to stretch out his right hand to Jiang Zeyu.
"I wish us a happy cooperation."
"It's a pleasure to work with."
The two of them clasped hands together, and both of them had smiles on their faces.
"Do you still live in Shanghai?" After his hands were separated, Li Chuan asked again.
"Well, the rented house is there."
"And when can you come to work?"
"Tomorrow."
"Huh?"
Li Chuan looked puzzled and said, "Do you have a house in Hangzhou?" ”
"Nope."
"What about you...... Shanghai is so far away from Hangzhou, you can't drive and run back and forth every day. ”
"I can stay in a hotel first."
"Is it okay to stay in a hotel every day?"
Li Chuan shook his head and said, "Don't rush to work, find a house in Hangzhou City first, settle down, and then come to work after you settle down." ”
"No, it's too troublesome to find a house, and it takes time to delay, so I can stay in a hotel."
"You...... Otherwise, you stay in the hotel for a few days, and I'll ask someone from the administration department to find you a house, you ......"
Li Chuan was halfway through his words, and he paused.
Because he suddenly remembered that he had a rental house nearby.
The rental house was rented before he was reborn, and he lived there in the early stage, and then rented a villa in Peach Blossom Spring, and he did not quit the rent, because the rental house is relatively close to the company, and he will go back to live when he is usually busy with work.
But now it's different.
The company has changed its office space, and there is a lounge inside his current office, so if he is busy with work, he can live directly in the company...... In this way, there is no need for rental housing.
'The rental house is empty and empty, why don't you let Jiang Zeyu live? ’
Li Chuan thought about it and felt that it was very suitable.
The conditions of the rental house are very good, that is, the area is a little smaller, but it is more than enough for one person to live, and the rental house is relatively close to the company, and it is convenient to commute to work...... Oh, by the way, the company has changed the office space, and the distance has become farther, but it is still not far, about 1.2 kilometers, and it is only a step away.
"That's it, I rented a one-bedroom apartment before, the conditions are OK, but the area is a little smaller, more than forty square meters, I have been living there before, now I don't need it, and I haven't returned the rent, the lease period is still four or five months, if you don't mind, you can move there."
"Far away?"
"It's not far, about 1.2 kilometers."
"Okay, I'll pack my things tonight and move in tomorrow morning."
"Huh? Won't you go over and have a look first? Look...... Are the conditions suitable? ”
"No, I don't care too much about where I live, it's pretty much fine."
"You...... Work is work, but you also have to learn to enjoy life. ”
"Now is not the time to enjoy life."
"Uh, you're right."
Li Chuan shook his head helplessly, and then said: "However, you can rest assured, that place is still very good, it is very comfortable to live alone, there is everything nearby, and there is nothing lacking at home." ”
"Well, that's fine."
"Okay, then it's decided, tomorrow you come over, call me, I'll take you over."
"Okay."
“……”
At around five o'clock in the afternoon, Li Chuan sent Jiang Zeyu away.
When he sent Jiang Zeyu downstairs, he saw Jiang Zeyu's car.
Jiang Zeyu's car is a black Tesla Model 3, which seems to have been imported from abroad for some years.
"Slow down on the road, pay attention to safety, and don't brake too quickly."
Li Chuan waved goodbye to Jiang Zeyu.
“……”
When the car was far away, Li Chuan was about to turn around and go back to the company, when the mobile phone in his trouser pocket suddenly rang.
took it out and saw that it was a call from Zheng Lingfang.
He took it in his hand and put it to his ear.
Zheng Lingfang: "Hey, I've already transferred the money, did you receive a text message?" ”
Li Chuan: "SMS? Let me take a look...... Well, got it. ”
Zheng Lingfang: "Well, do you want to come to the bank now, the staff hasn't gotten off work yet, and he said that he can help you transfer money immediately." ”
Li Chuan: "Oh? yes, then dare to be kind, I'll go over now. ”
“……”