23 lines
795 B
Plaintext
23 lines
795 B
Plaintext
---
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title: "ESOP"
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description: "Employee Stock Options"
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---
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import { FaDiscord, FaMap } from "react-icons/fa";
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import { Steps } from "nextra/components";
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## Shares and Equity
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Menlo is [employee-owned](/handbook/why/ownership). The people building Menlo own a meaningful percentage of the company over time.
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### Distributions
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Every 6 months, Menlo distributes 1% of company equity among its team members:
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- Dec 2023: 1% distributed among 10 team members (1 part-time)
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- June 2024: 1% distributed among 15 team members (4 part-time)
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- Dec 2024: 1% distributed among 18 team members (5 part-time)
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Distributions are performance-based, and cover both full-time and part-time team members and open source contributors.
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This schedule is subject to change based on the discretion of the board. |