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Dictionary by pitch.dog
Founder & employee equity · Working

Equity refresh

Also called: refresh grant

ELI5

Extra equity granted after earlier awards have partly vested.

Used in conversation

“The company uses equity refresh grants for critical retention.”

Definition

A new grant intended to restore or extend an employee's future equity incentive.

Here “Equity refresh” means: A new grant intended to restore or extend an employee's future equity incentive.

Pitch context

You will see “Equity refresh” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches founder & employee equity.

Why it matters: In founder & employee equity, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 5

Direct term-level sources and supporting source families.