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ESOP

We want the people building Menlo to own a meaningful percentage of the company over time. It is important to us to acknowledge the contributions made by all team members, and provide everyone an opportunity to participate in the equity of the company and feel invested in our success.

Every 6 months after the performance review in June and December, we typically distribute 1% of company equity to eligible members of the team. Eligibility and the amount of equity awarded are determined based on a variety of factors including tenure and individual performance. The awards we have made so far are as follows:

  • December 2023: 1% distributed among 10 team members (1 part-time)
  • June 2024: 1% distributed among 16 team members (4 part-time)
  • December 2024: 1% distributed among 18 team members (6 part-time)

For key hires, we may also include share option awards as part of their compensation package to align their interests with the long-term success of the company.

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