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Itsbeardie4 karma

My job came with an employee ownership % in my offer. Exact verbiage:

You are eligible for the Company’s stock option plan which will be implemented as part of the Company’s equity raise.  Your initial equity option grant will be 2% of the outstanding shares with a total vesting period of 5 years.

We've grown substantially and have yet to have the need to do an equity raise. If we don't ever need one, is this essentially worthless?