To properly answer this question, we first need to explain the difference between the general mechanisms that the FlexUp Economic Model proposes and the specific terms (options, parameters, etc.) that users select.

In most cases:

• the general vesting mechanisms for FlexUp equity (credits and tokens) are defined in the contract general conditions of that contract category (for example the Services-GC), which are global and apply to FlexUp contracts worldwide,
• the specific vesting terms for a given contract are defined in the special conditions of that specific contract (for example the Services-SC)  which are negotiated freely and agreed jointly by the parties to that contract.

Custom Terms

FlexUp provides some default terms in the special condition templates that it publishes, but the parties can freely deviate from them. Here are the current default terms provided by FlexUp for in the Services-SC template*:

• 9 months: in case of contract termination by the client due to a serious breach by the Supplier
• 6 months: in case of termination by the supplier for any reason or due to supplier's availability falling the agreed hours for two consecutive months
• 3 months: in case of termination by client for any other reason not specified above.

Please note that each project can define its own standard terms.

* these can change at any time, please refer to the FlexUp website or app to download the latest version of the templates.

General mechanisms

The general vesting mechanisms are defined in the general conditions. In short, here are the key principles:

• Equity (credits and tokens) is issued for each order that contains flexible payment terms (e.g., with flex, credit or token). The exact issue date depends on the order payment terms, and can be, for example, the order confirmation date or the order delivery finish date.
• As soon as the equity is issued, the associate that received it immediately enjoy some of its benefits:

             -    For tokens: voting rights, and rights to annual distribution,

             -    For credits: interest payments, if applicable

• However, as long as the equity is not fully vested, they cannot be transferred or sold.
• Once the vesting period is passed, then they can be freely transferred and sold, within the limits of the restrictions under the FlexUp Charter and applicable local legislation.
• As an associate to a FlexUp Project, you may have earned multiple equity commitment that may each have different issue dates, and may – as a result – have different vesting dates.
• Please note that – as of date of writing this answer – the FlexUp app does not handle vesting dates and restrictions, so you need to manually check the vesting date for each commitment and the applicable restrictions.