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Information about Camunda’s Virtual Employee Stock Option Plan (“VSOP”).
Camunda is on an exciting journey with the clear ambition to create value for our shareholders and we want our employees to benefit from that shared success.
What is a VSOP - Virtual Stock Option Plan?
The VSOP is designed to provide you with an incentive remuneration that can let you participate in an increased equity value of Camunda. You can think of the VSOP as an Exit-triggered variable bonus payment. This means that in case of an Exit, you as a Beneficiary can be entitled to a cash payment (less any applicable tax obligations). How much you will receive depends on the number of your vested Virtual Shares at such point in time and on the success achieved by Camunda's shareholders in the Exit. In case of an IPO of Camunda, a different set of rules may apply.
What are Virtual Shares?
A Virtual Share seeks to economically emulate a fraction of an actual Common Share in the share capital of Camunda. The Virtual Share is used as a basis to determine how you might participate in an Exit or IPO success. To be more precise: one Virtual Share is meant to economically emulate EUR 0.01 of the nominal capital of one Common Share in Camunda. As Common Shares in Camunda have a nominal capital of EUR 1.00 each, this means that every Virtual Share shall economically emulate 1/100th of one Common Share.
As a holder of Virtual Shares you are not an actual shareholder in Camunda. Virtual Shares are not actual shares in Camunda and do not have the same rights and privileges as an actual share. In particular, Virtual Shares do not confer any voting rights, rights to receive dividend payments or rights to participate in shareholders' meetings of Camunda. They are also not options to acquire actual shares in Camunda at a later point in time.
Who can get Virtual Shares?
Every Camunda employee will be offered virtual shares (except part time employees, employees on a fixed term contract up to 12 months, working students, and interns).
The number of shares offered will depend on the job role, job family, and job grade.
- Job Role: A specific job that somebody holds. It’s determined by applying the job grade to a job family which typically leads to a certain title.
- Job Family: Job Families encompass a group of job roles that are similar in the field/profession of the work and core accountabilities.
- Job Grade: The different seniority levels that exist within a job family. They are defined by a code which typically corresponds to a certain job role.
Exact details of your VSOP allotment will be shared with you during the offer stage of your interview process. Please note, however, that only the VSOP and the Allotment Letter are decisive and that the information provided above is for information purposes only.
Can be viewed via the following link. If you are a candidate and you have follow up questions please reach out to your recruiterTalent Acquisition Partner.
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