Но мы в тельняшках: Нас мало, но мы в тельняшках

НАС МАЛО, НО МЫ В ТЕЛЬНЯШКАХ ~ Поэзия (Авторская песня) НАС МАЛО, НО МЫ В ТЕЛЬНЯШКАХ*

Моей однокурснице Наталии Константиновне Шеиной(Булгаковой),
ныне здравствующей в г.Дубна

Ты помнишь те давние годы, Наташа,
Как мы в Медицинский в Свердловске пришли,
Где змей символично склонился над чашей,
Без клятвы мы сердце своё принесли.

Ты помнишь, Наташа, как в хоре мы пели
В студенчества юные, славные дни,
Тогда  в наших душах лишь  гимны звенели,
Прожить мы без музыки дня не могли.

А помнишь, Наташа, как в анатомичке,
Где труп человека лежал на столе,
(Ведь был он для нас экспонатом привычным).
С ним рядом студент пирожок молча ел.

А Новый наш Год, где селёдка с картошкой
На празднике главной закуской была,
И булочки к чаю, конфеток немножко,
И царь-винегрет – украшенье стола.

Там песня была самым главным героем —
Она без вина зажигала сердца.
И было у всех ощущенье такое,
Что радости этой не будет конца.

На празднике жизни была невидимка —
Звезда, что мы Дружбой потом назовём,
И плыл наш корабль через трудности дымку
К финалу, где каждый стал добрым врачом.

Потом разлетелись на крыльях мечтаний,
Судьба адреса перепутала нам,
И целых полвека разлук, расстояний,
Полётов, потерь, одиночеств и драм …

И в новом столетье, и тысячелетье,
Когда большинство уж покинуло свет,
Звезда этой дружбы мерцает и светит,
И в душах у нас пробуждает рассвет.

Нас мало осталось, но все мы в «тельняшках»!
За то, что Создателем каждый храним,
Поднимем же кубок, родная Наташка,
Пусть Дружбы Союз будет вечно живым!

07.09.17
Под фразой «Нас мало, но мы в тельняшках» подразумевается значительные достоинства присутствующих, их сплочённость и умение постоять за себя. Если вдаваться в историю возникновения выражения, то можно найти заметку: фраза появилось в Великую Отечественную войну в речи матросов, воевавших за Севастополь.

90000 EMS Bulletproof Vests to be Worn by EMTs Due to Increased Risk 90001 90002 90002 90004 Jason Campbell, CC / NRP, Chief and CEO of South Central Emergency Medical Services in Dauphin County, PA, is absolutely convinced that his EMTs now need EMS bulletproof vests . The tipping point for him was when a knife-wielding attacker stabbed an EMT answering a call in Harrisburg. 90005 90004 For Robert Weidner, Chief of Yellow Breeches EMS out of Mount Holly Springs, it was the mass shooting several months ago in Las Vegas.Plus his concern about the rising number of calls coming in due to the opioid crisis. 90005 90004 Then there’s Dauphin County’s Community LifeTeam member Dani Kamenar, an EMT, who when she was 32 weeks pregnant was brutally struck in the abdomen by a patient. Her protective vest absorbed most of the blow. But the placenta was still partially torn from the uterus. This caused the early arrival, by four weeks, of Dani’s baby. 90005 90004 EMTs are increasingly at risk of being assaulted while on calls trying to save lives.To counter the threat in central Pennsylvania, many more ambulances are being equipped with body armor. 90005 90004 According to Weidner, Yellow Breeches recently purchased EMS bulletproof vests for its first responders to wear on a voluntary basis. This is the first EMC in Cumberland County to offer such protection. 90005 90004 «We mostly get medical calls, but we do get our share of assaults, attempted suicides and drug overdoses,» Weidner said. «Whenever my crew goes out on a call, they have no idea what could happen.I want them protected as mush as possible. » 90005 90004 The significance of protective vests was put into high relief in November 2015 when Zachery Meyers, another EMT with Community LifeTeam, went out to Harrisburg on a domestic violence call. Upon arrival he found himself fending off an attack by an alcoholic woman repeatedly coming at him with a knife. Fortunately, the vest he’d recently purchased kept her from plunging it into his chest. 90005 90004 Barry Albertson, Director of LifeTeam, said that the Pinnacle Foundation generously provided a grant.This grant went a long way towards the purchase of EMS bulletproof vests for members of LifeTeam. Most EMTs wear them, but it is not mandatory. Some had already bought vests with their own money, knowing they needed the protection. 90005 90004 Wal-Mart provided a $ 1,000 grant to help with the cost of EMS bulletproof vests for Yellow Breeches, which counts 20 — 25 EMTs for five rigs. They purchased 15 vests for a total of $ 3,000, equipping each rig with 3 protective vests, Weidner said. 90005 90004 «We have asked EMTs to wear the vests whenever they respond to high-risk calls.These could involve an assault, an active shooter situation or even an overdose, «Weidner said. «When administering Narcan on overdose calls, patients often get violent, which did not happen back in my day 40 years ago.» 90005 90004 Violence is so much more prevalent these days, «with attacks on EMTs having gone up very dramatically in the past few years,» said Albertson from Community LifeTime. 90005 90004 He went on to say that it’s easy to blame widespread opioid use and other types of drugs, but he really is not sure.Using Naloxone on an overdose victim often causes an unexpected violent reaction as the person is being revived. But, there also seems to be a lot more violence in society as a whole. 90005 90004 Lori Moran, spokesperson for Holy Spirit EMS out of Cumberland County, says they have not issued any bulletproof or ballistic vests. And they are not requiring their EMTs to wear them. 90005 90004 Jason Campbell, Chief of South Central EMS out of Dauphin County says they buy protective vests for any employee who requests one, but the EMT must pay 25% of the cost out of their own pocket.They have 97 first responders, representing about 37% of the total, who now wear them, and he wears one as well. 90005 90004 After the knife attack on Zachery Meyers of LifeTeam, «I had to face facts and decided the time had come,» said Campbell. 90005 90004 Campbell went on to say, «The most recent attack occurred on January 6 90035 th 90036, when one of our EMTs found himself being violently kicked and punched by a patient.» 90005 90004 «This happens once or twice a month. People have no idea how dangerous this job is and how often our first responders get attacked, «Campbell said.»We’ve had knives, tire irons and guns pulled on us, but luckily no one has actually been shot yet,» he added. 90005 90004 «I myself have been assaulted more times than I care to count throughout my 23-year career, drawing blood on some occasions,» Campbell said. «Today, I would never go on a call without wearing a vest,» he added. 90005 90004 He honestly does not think it has to do with the opioid crisis, but rather it’s society in general that’s just getting more violent. 90005 90004 A 911 call requesting an ambulance does not on the surface seem like it could turn violent.But, last year a caller suffering chest pain called and the situation got so out of hand that an EMT was threatened with a gun, Campbell said. 90005 90004 «There is no way you can predict this from the dispatch and so you have to wear one on every call,» he said. 90005 90004 Campbell said that South Central began purchasing vests in January 2016. Prior to that one or two EMTs wore them periodically. 90005 90004 South Central has made the decision to have their EMTs wear them under their shirts, which is how the police wear them.»If we wore them on the outside it would seem as if the military were invading your home,» he said. 90005 90004 Each vest offers Level II protection, similar to the vests worn by police, and fitted to each EMT. South Central covers 75% of the nearly $ 700 cost. 90005 90004 «The ones who have them, wear them all the time,» he said 90005 90004 Campbell believes that in the next couple of years EMS protective vests will be required for all EMTs and there’s a good chance for firefighters as well 90005 90004 Fortunately , South Central can cover the purchases, but Campbell acknowledges that a lot of other EMS providers simply can not, even when they acknowledge the need.90005 90004 «Our company has enough financial stability, so we’re able to cover our 75% of the cost for each vest,» he said. 90005 90004 If the EMT leaves our employment, they keep their vest. «If they end up working for another EMS that does not issue vests, at least they’ll have protection,» he said. 90005 90004 Other EMS organizations, like Dauphin County’s Susquehanna EMS, let each EMT decide on their own whether or not they want to wear a protective vest. 90005 90004 Chief Matt Baily said that out of their 49 EMTs, 12 wear their own EMS bulletproof vests.His family bought one for him two years ago because they were worried about the increasing violence EMTs were facing. 90005 90004 «It became so clear to everyone when the LifeTeam EMT was assaulted with a knife,» Baily said, remembering the Harrisburg incident in 2015. 90005 90004 Susquehanna EMS just can not afford the cost of protective vests, Baily said. Each one must be fitted properly for each provider. With the amount of turnover they get, it is simply an unaffordable option. 90005 90004 The good news is that there has not been any knife or gun attacks in the last 13 years, the period of time that Baily’s has been working for Susquehanna EMS.90005 90004 Even so, he added, «Our EMTs can arrive on a call and find themselves being attacked — aggressive patients often strike out hitting and kicking. This happens on a fairly regular basis. 90005 90004 Nathan Harig, spokesperson for Goodwill EMS out of Carlisle, said they’ve been discussing all sides of the issue for the past six months. 90005 90004 «We’ve been in extremely threatening situations that did not involve the typical active shooter scenario,» Haig said. 90005 90004 He went on to cite an incident in which a startled homeowner shot an EMT.The man had unknowingly triggered his medical alarm in the middle of the night, and being half asleep and stunned when the EMT arrived, he shot him. 90005 90004 He went on to say that EMS bulletproof vests do not protect heads and they leave armpits exposed as well. Wearing one could possibly lead someone to feel invincible. Others are not keen on the idea of ​​an EMT walking into a nursing home or senior center wearing EMS body armor. 90005 90004 Harig is convinced that the opioid crisis is not the main issue.90005 90004 «Anger and violence are infecting our society,» he said, with all these mass shootings. 90005 90004 The primary killer of EMTs is still traffic accidents; next in line would be heart attacks or other medical problems. 90005 90004 Harig added, «Some in the industry think EMTs need better safety training, with a focus on being physically fit.» 90005 90004 Scott Gilbert, spokesperson for Life Lion EMS at Penn State, said they do not require their EMTs to wear protective vests on calls.But, they do allow individuals to buy and wear their own EMS bulletproof vests if it makes them feel safer. 90005 90004 The goal set by Lancaster County’s Susquehanna Valley EMS is to find the money to purchase vests in 2018, said business development manager Terri Givens. They have 70 EMTs they would like to equip. 90005 90004 Although no one in their agency has been injured so far, mass casualty events spreading across the country, as well as other incidents occurring in the area in recent months has people concerned, she said.90005 90004 Last November a man in Manheim Township, who was threatening to kill his wife, actually fired off several shots just as EMTs responded to the call. Domestic calls continue to be among the most volatile and unpredictable. 90005 90004 At Elizabethtown’s Northwest EMS, there are 25 to 30 EMTs, of which 12 have their own vests, said operations supervisor Edna Kline, who added that they’ve got more on order. 90005 90004 Protective vests for EMTs are increasingly becoming more common, she said, something she’s noticed in the last eight months.90005 90004 «People have changed how they respond to calls, including getting EMTs confused with police. Wearing a vest gives first responders a sense of safety, «Kline added. 90005 90004 Still, it’s optional for their EMTs. «Some really do not think they need a vest at this time,» she said. 90005 90004 Mental health issues, along with spreading opioid use, contribute to the danger that EMTs face on the job, Kline said. 90005 90004 «Often times people do not know who’s actually coming and they get defensive and combative towards EMTs.A vest can provide a feeling of safety when responding to calls. » 90005 90004 Director of Manheim Township Ambulance, Darryl Mitchell said their EMTs are allowed to decide on their own whether to wear a vest or not. 90005 90004 Out of 30 providers, just three or four are wearing them, Mitchell said. This just started last year and he does not think the reason is because of the opioid epidemic, but he admitted that others believe otherwise. 90005 90004 Director of Operations at Lancaster EMS, Jerry Schramm said that approximately 25% out of their 150 providers have started wearing EMS body armor.90005 90004 Some bought their very own using their uniform allowance to help with the cost. Several others were bought with funding from a grant. 90005 90004 With each one costing no less than $ 500, they can not afford to purchase EMS bulletproof vests for everyone, Schramm said. 90005 90004 Most of their vests were bought in the last two years, he said. 90005 90004 «Of course it’s the violence in the environment, with active shooter incidents and mass shootings. These recent events has certainly raised awareness in our industry, «he added.90005 90004 Some EMTs have been injured, but not seriously and no one’s been in any major shootings. 90005 90004 «There is no question that we want to offer more protection for our EMTs. But balancing the need for safety with fiscal responsibility is not easy, «Schramm said,» especially when we need 150 EMS bulletproof vests at $ 500 each or more. » 90005 90004 «Once we get the funding, we will definitely move in the direction of providing more safety,» he said. 90005 90004 Dennis Reigart, president of West York EMS says in the last eight months they’ve bought 10 vests for each shift.At an approximate cost of $ 5,000. 90005 90004 We are requiring that our 27 EMTs put a vest on if they’re going out on a shooting or a domestic incident, Reigart said. 90005 90004 «They are not thrilled about wearing them because they’re heavy, about 25 lbs. But they know what they’re up against with certain types of calls, and that they are far better off with a vest on. But, the reality is that on other types of calls, they could be facing a violent situation as well, «he says. 90005 90004 «It’s what’s happening in the country at this time.There’s violence everywhere — it’s not all the opioid epidemic, «he said. 90005 90004 Joe Stevens, spokesperson for York Regional EMS, says they can not provide vests for their 48 EMTs. They just do not have the budget. 90005 90004 Unfortunately, a properly fitting bulletproof vest can go as high as several thousand dollars, he said. 90005 90004 His worry is that one-size-fits-all vests, although they may be less costly, would not provide an adequate level of protection, and that could become a liability problem.90005 90004 Steven also believes that if they spend the money to purchase the vests. The EMTs should be mandated to wear them on every single call. 90005 90004 «Every call is just as dangerous as the next,» he said. 90005 90004 Stevens said that as yet he has not seen a rise in injuries at York Regional. «The threat is always there. It’s just a matter of luck if you happen to get the call when something like that is happening. That’s why we stress safety at all times. » 90005 90004 Brian Smith, Director of First Aid & Safety Patrol out of Lebanon says they do not buy vests for their EMTs.But they are welcome to wear their own. The main obstacle is cost. They have over 100 staff members who work there. 90005 90154 EMS bulletproof vests have become very comfortable 90155 90004 He is encouraged because vests have become less expensive in the last few years. They’re easier to put on and take off and a lot more comfortable to wear. 90005 90004 Smith said 20 years ago he wore one and today’s EMS bulletproof vests are far more superior. Although none of his EMTs have ever been fired on, they have faced some «threatening situations.»90005 90004» There’s more situations in which EMTs are suffering physical abuse — being punched and kicked, «he said. 90005.90000 Everything You Need to Know 90001 90002 90003 A vesting schedule is an incentive program set up by an employer which, when it is fully «vested,» gives the employee full ownership of certain assets.6 min read 90004 90005 90006 90007 Updated July 2, 2020: 90008 90005 90010 Vesting Schedule: What Is It? 90011 90006 A vesting schedule is an incentive program set up by an employer which, when it is fully «vested,» gives the employee full ownership of certain assets — usually retirement funds or stock options.It is an employer’s way of giving employees a reason to stay with the company. To be 100 percent vested means that you are able to take all of your retirement benefits with you if you leave or have been fired. 90005 90006 90007 Example: 90008 You are given 5,000 stock options or shares of restricted stock. Your vesting schedule is four years, and 25 percent of the grant vests each year. At the first anniversary of your grant date and on the same date over the subsequent three years, 25 percent of the options or restricted stock «vests,» or becomes available to you.Once each portion vests, you can sell the shares. After four years, you have total access to all of the stock options and can do with them what you wish. 90005 90010 What Is Vesting? 90011 90006 Vesting does not apply to any money that you put towards your pension account. That is your money and if you leave the company you take that with you. Whenever you make a payment into your retirement plan at work, you are 100 percent vested in your own contributions. 90005 90006 Your employer, however, vests their contributions as a way to get you to stay at the company.The longer you work at a company, the more of the company’s contributions you will have access to. If you leave the company before their contributions are 100 percent vested, they keep whatever has not been vested, even though it may be in your account. 90005 90010 Vesting Schedules for Retirement Accounts 90011 90006 There are three main types of vesting schedules: 90005 90028 90029 90007 Immediate vesting: 90008 Employees with this type of vesting plan get 100 percent ownership of their employer’s money as soon as it lands in their accounts.90032 90033 90028 90029 90007 Cliff vesting: 90008 Cliff vesting plans transfer 100 percent ownership to the employee in one big chunk after a specific period of time. Employees have no right to any of the company’s contributions if they leave before that period of time, but the day they reach the specific date, they own it all. These are generally no longer than three years. 90032 90033 90028 90029 90007 Graded vesting: 90008 Graded vesting gives employees gradually increasing ownership of matching contributions as time passes, eventually resulting in 100 percent ownership.For example, a five-year graded vesting schedule could give 20 percent ownership after the first year, then 20 percent more each year until employees gain full ownership after five years. If the employee leaves before five years have passed, he or she only gets to keep the percentage that has been vested. Federal law states vesting schedules on retirement plans can not be longer than six years. 90032 90033 90010 Defined Benefit (Pension) Plans 90011 90006 Defined benefit plans must vest at least as quickly as one of the following two schedules unless the plan is top-heavy.Top-heavy means that each employee receives a fair share of retirement benefit relative to their salary. 90005 90028 90029 Five-year cliff vesting, where no vesting is required before five years of service. 90032 90029 Three- to seven-year graduated or graded vesting. The plan must give vesting that is at least as fast as 20 percent in the third year with an additional 20 percent vested each year after that. 90032 90033 90010 When Are Contributions 100 Percent Vested? 90011 90028 90029 90007 Plan termination: 90008 Benefits are 100% vested if the plan is terminated.You are able to take whatever money is in it with you. 90032 90029 90007 SEP, SARSEP, and SIMPLE IRAs: 90008 All contributions to these are fully vested. 90032 90029 90007 Attainment of normal retirement age: 90008 If you reach retirement age before the date stated on the initial vesting schedule, your benefits become 100 percent vested. 90032 90029 90007 Under a 401 (k) plan: 90008 Elected deferrals, qualified non-elected contributions, and qualified matching contributions are always 100 percent vested.90032 90033 90010 Vesting Schedules for Stock Options 90011 90006 Stock options allow the employee to buy company stock at a set price, regardless of what the stock’s current market value is. The hope is that the stock’s market price will rise above the set price before the stock option is used, allowing the employee to make a profit. 90005 90028 90029 In a cliff plan, employees get access to all of the stock options on the same date. For example, if employees are given stock options on 100 shares with a five-year cliff vesting schedule, they need to work for the company for five years before they can use any of the options to buy shares.90032 90029 In a graded plan, employees are only allowed to exercise a percentage of their stock options at a time. In a five-year graded schedule, employees might be able to buy 20 shares per year until they reach 100 shares in the fifth year of employment. 90032 90033 90006 The most common employee stock options usually have a one-year cliff. This means that the employee needs to work for the company for one year before any shares vest. If the employee leaves the company or gets fired before the year is up, they get nothing.After the first year, the shares vest on a monthly or quarterly basis. Once an employee has worked for the company for four years, the shares are 100 percent vested. 90005 90006 Most stock options are not part of an employee’s retirement plan, so their vesting schedules are not restricted by the same federal rules that govern matching contributions. 90005 90010 Graded Vs. Class Year Vesting 90011 90006 Graded vesting treats the value of all the shares equally over time. Class year vesting treats each year’s grants differently.Class year vesting extends each amount given over a new vesting schedule, while graded vesting reaches 100 percent at a specific date where all shares are vested. 90005 90006 It is common to use class year vesting combined with a set period of years when all shares would become 100 percent vested. For example, a plan might use a four-year class year vesting schedule and then say that all shares will be 100 percent vested following ten years of employment. 90005 90010 Accelerated Vesting 90011 90006 In some cases, the retirement plan or stock options may become 100 percent vested before the set amount of time has passed.This may happen if the employee becomes disabled, dies, or the company is sold. This should be clearly written in the vesting agreement. 90005 90010 Why Do Companies Need Vesting? 90011 90006 Companies should have vesting options for two main reasons: 90005 90006 1. To give an incentive for their employees to stay. By offering additional stock options or pension money for staying longer with a company, it gives employees something to look forward to as time passes. 90005 90006 2. To protect themselves from giving an incentive to bad hires.If a company hires someone and instead of creating a vesting schedule, gives each new employee access to stock options right away, they risk giving away money to people who will not stay for very long. A one-year cliff will protect companies from issuing stock to bad hires because it can often take a few months until it is recognized whether the new employee was a good choice for the company or not. 90005 90010 The Best Vesting Schedule 90011 90006 There is no single best vesting schedule.Companies need to assess the situation on a per-person basis. They will want to give different options to different new hires depending on how much they need that person, how much they want to incentivize that person, and how much it will cost the company if they leave. 90005 90010 The Future of Vesting Schedules 90011 90006 In recent years, many new start-ups have felt that vesting schedules are outdated and have a negative effect on the profit of the company. 90005 90006 New companies are using a sort of loophole to appear as though they are offering vesting schedules on stock options without actually offering anything.They do this by hiring people on a four-year vesting schedule but waiting much longer to go public with the company than four years. This means that if an employee wants to use their stock options, they have to wait until the company has actually gone public (so that there are actually stocks to use). 90005 If you need help with vesting schedules, you can post your job on UpCounsel’s marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb..90000 Vesting: Everything You Need to Know 90001 90002 90003 What is Vesting? 90004 90005 90006 Vesting is the process where an employee or founder earns shares over time. This means rather than having immediate equity in a company, you earn a percentage of shares on a monthly (or quarterly) basis over time. Vesting protects a company from giving up too much equity to someone who spends only a short time with the company. 90007 90002 90003 Why Do Founders Need Vesting? 90004 90005 90006 In most cases, if you apply for venture capital, you will be required to have a vesting schedule for your stock.The good newsis in nearly all cases, you get credit for «time» that you’ve invested into the company. For example, if you have been working on the concept and idea for your company for two years, a venture capitalist would credit your agreed-upon vesting schedule for those two years. 90007 90006 Another reason vesting is important for founders is how they treat new hires when they are offering an equity position as partial compensation. It’s easier to get a new hire to agree to a vesting schedule if you have one in place as founder.90007 90006 Vesting also helps protect each partner in the business. The last thing you want to be concerned about is one partner walking out and having full access to half of the value of the company after only a brief period of participation. 90007 90002 90003 Exercising The Right to Shares 90004 90005 90006 It is important to note that when you have a vesting schedule, you are being granted the right to fully exercise (take) your shares.In nearly all cases, a company will require those who leave the company exercise that right within 90 days of leaving.When you remain with the company, you will likely be required to exercise your shares between your 7th and 10th year of employment. 90007 90002 90003 Common Vesting Schedules 90004 90005 90006 Silicon Valley is well-known for having vesting schedules. In most cases, they offer a forty-eight month vesting period with a one-year cliff. In effect, this means you will earn 1/48 of the rights to the shares you were granted. Each month this adds up until you have earned the full rights to the percentage of equity you were originally granted.90007 90002 90003 Vesting Terms You Should Know 90004 90005 90006 Since we’ve discussed some of these terms it is important you understand what they are and what they mean for you and your business. Some of the terms involved in vesting are: 90007 90036 90037 90006 Cliff Vesting — Using the example above, if you leave during the first year (the cliff) you lose your rights to those shares. However, if you stay past the year (the cliff) you will have earned one-quarter of the stock and would continue to earn an additional 1 / 48th per month for the remainder of your tenure.90007 90040 90037 90006 Accelerated Vesting — generally this is offered in the event a company is acquired. Let’s assume you were two years into your vesting schedule and a company was acquired by another company and you were granted accelerated vesting. Instead of being entitled to only those shares that were vested, you may be entitled to additional shares. Most companies will offer six to 12 months additional vesting in the event a company is acquired and your role has significantly changed.90007 90040 90037 90006 Follow on Grants — this comes into effect typically on additional shares. Let’s assume you were given 10,000 options at the start of employment and after you were with the company five years you were given an additional grant of 5,000 options. Your «original» shares are fully vested and therefore you are granted the full 10,000 shares. However, additional shares are only paid proportionally to the length of time you stayed; in most cases, additional shares do not have a cliff 90007 90040 90037 90006 Pension Plans Cliff Schedule — this method is used by employers who offer pension plans that match funds.While the contributions by the employee are immediately vested, the employer often has a defined period of time before employer contributions are fully-vested. In some cases, this could be as many as three years. The IRS offers a full picture of this type of vesting schedule. 90007 90040 90053 90002 90003 What You Should Know About Accelerated Vesting 90004 90005 90006 Accelerated vesting could be a stumbling block when you are in the midst of discussions about a buyout of your company.Because accelerated vesting normally applies to upper levels of management. The reason it accelerated vesting is offered to executives and not more broadly is because during the buyout the new company has to purchase the vested shares. This typically means lower per-share price during the buyout. 90007 90002 90003 Why Vesting is Important to Your Company 90004 90005 90006 In addition to vesting being a requirement for most venture capital and angel financing deals, there are other reasons to ensure all founding members of a company have a vesting schedule in place.Let’s take a look at some possible scenarios: 90007 90036 90037 90006 Founders Disagreements — you and two other friends start a company and each of you takes 25 percent equity in the company and saves 25 percent for investors and employees. One of the partners walks away after one year. In three years, you sell the company for $ 1,000,000. The partner who walked away after a year is entitled to one-quarter of the profits in spite of not having stuck with the business. A vesting schedule could have prevented this problem since they would only have earned equity based on the year they were there.This is important to you because otherwise you’re losing out on a portion of equity that should have remained with the company either to be divided between the two remaining founders or to be used for investors and employees. 90007 90040 90037 90006 Employee Differences — let’s assume you hire an employee for a specific role such as software development. To attract that employee you offer a 10 percent equity position. After six months, you’ve determined the employee simply is not working out and you need a different specialist.Without a vesting schedule (with a cliff in this case) you would have to give up the 10 percent you offered in equity and would not have that to offer a new employee. 90007 90040 90053 90006 Vesting can be complicated but it is a good idea to make sure you have an effective plan in place for company founders, management team hires and employees whom you’ve offered equity. Remember it will be important when you seek seed funding through both angel investors and venture capital firms to have a plan in place.Founders will generally have more preferential vesting schedules than hired management teams or employees and venture capital firms will typically grant you additional credit for the time you’ve been involved in developing your business. 90007 .90000 By the Power Invested / Vested in Me … »Beyond the Rhetoric 90001 90002 90003 90002 The confusion most commonly arises in the context of a wedding with the words spoken by the priest, minister, or officiant. It’s a line that we hear all the time in television and in movies … 90003 90006 90002 «By the power invested in me by the State of California, I now pronounce you husband and wife ….» 90003 90009 90002 The power «vested» in me? Or is it the power «invested» in me? Because we really only hear the word «vested» when it comes to weddings, it’s understandable that people may not know what is the correct word to use in these circumstances.90003 90012 What Does Vested Mean? 90013 When something is 90014 vested 90015, it means that it has been assigned to a person or it has been secured in the possession of a designated person. If something has been «vested» in you, it means that it can not be taken away from you by a third party. 90002 Similarly, if you have a «vested interest» in a certain subject, it means that you value the subject in some way. You have a personal stake in the matter. If you own shares in a solar panel manufacturer, then you surely have a «vested interest» in affairs related to green energy legislation.It would be very difficult for you to be unbiased, because you have «skin in the game,» so to speak. 90003 90012 How Is That Different From Invested? 90013 90002 When something has been 90014 invested 90015, on the other hand, it means that something (usually money) has put into some sort of monetary instrument with the expectation of a financial return. When you «invest» in a mutual fund, you are putting money into that fund with the hope or expectation to turn a profit. You can also talk about investing your time, as would be the case with building up your seniority being employed at a company.90003 90012 So, Back to the Wedding … 90013 90002 Using the hypothetical example above, the State of California (as in the Californian government) has assigned the legal ability to marry two individuals to the priest. As such, the priest has power «90027 vested 90028» in him by the local government. 90003 90002 It would not be accurate or appropriate to say that the State of California «90027 invested 90028» this power in the priest, because the government is not expecting some sort of financial gain by «investing» this power in someone else (the priest) .And so, the correct phrasing is indeed: 90003 90006 90002 «By the power vested in me by the State of California (or whatever other jurisdiction), I now pronounce you husband and wife.» 90003 90009 90002 Those last few words can certainly change. I’ve heard «man and wife» just as often as «husband and wife,» and it’s not terribly uncommon to have «husband and husband» or «wife and wife» these days either. At least now you’ll know that the power is «vested,» even if the marriage is an «investment» in your future together.90003 .