Introduction
The Add Advisor workflow is used to create or upload an Advisory Agreement to engage an advisor for your company. This workflow can be used to generate a new agreement using our template, upload a drafted agreement to be sent out for signature, or to record an already executed agreement for record keeping purposes.
This article will explain the generative path of the workflow, the other paths work in a similar fashion.
Running the Workflow
- From the Company Workspace, go to Start New Workflow > Human Resources > Add Advisor.
- Select how you wish to run the workflow and click Continue.
- Enter in the name of the advisor. If they are not already added as a user to your account, click Create New User.
- Enter the details of the Advisory Agreement.
You will need to know your advisor's:- effective start date
- payment type (no compensation, stock award, cash payment, stock award and cash payment, or custom clause)
- reimbursable expenses (company reimburses or advisor bears expenses)
- non-competition clause (include, exclude, or custom)
- non-solicitation clause (include, exclude, or custom).
- At the Checkpoint, review the agreement. You can also click Edit Document to make changes to the agreement, select if the agreement should first go through legal review, share the document with other users, or to customize the email that is end out. When you are ready to proceed, click Continue.
- The agreement will be sent to the designated company representative for signature.
- Once signed by the company, the agreement will be sent to the advisor to review and sign.
Screenshots are for illustrative purposes only.
Fidelity Private Shares LLC provides cap table management and other administrative services to private companies and their equity compensation plans.
Fidelity Private Shares LLC
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