Agreed Also If they get 10% this year, next year they get...

Agreed

Also If they get 10% this year, next year they get another 10%...

Yr0: 0/100
Yr1: 10/110
Yr2: 21/121
Yr3: 33/133
Yr4: 46/146
Yr5: 61/161

I don't understand the risk sharing here

Why do they get equity reward without equity risk. I'd be more comfortable with giving them a bonus salary (up to 100%) that if they achieve the same milestones that will currently give them 750k shares

Along the way (ie now) they can use their own salary to buy equity by buying up on market. Why do they get free shares at 3.33 that come at a time that there was negative oil price.