A profits interests program can serve as a useful tool for companies looking to incentivize key employees and service providers. Profit interests are also known as incentive units.
Follow the steps below to record profit interests that have been signed off Pulley.
Hit + New → Existing Contract.
2. Select Profit Interests.
3. Fill out the details using the Form or Spreadsheet mode → Save & Continue. The security will then appear as a draft in your Contracts.
Some things to make sure of when you are filling in those details:
Generally, the prefix used for profit interests is "PI". Learn more about certificate IDs here.
Add quantity;
Add price/ share;
If relevant, add in the following also:
Vesting.
4. After reviewing, hit Add to Cap Table.