Question 1

Why can’t I just send an offer based on my existing Plan Rules and Offer Letter?

Accepted Answer

Whenever you make an option offer to a team member in another country the options will be treated under and subject to local laws (including tax rules) of the country in which the recipient is located. For example, you may have an Australian company and an option plan based on the Australian legal rules, but if you make an offer to an employee in the USA under that Australian Plan (without making the required changes), it is unlikely that the offer will be compliant under American laws. Cake’s new Global package allows employees to receive industry standard offers that really mean a lot to them.

Question 2

How does Cake handle the different laws across the countries?

Accepted Answer

Cake has worked closely with its startup-focused legal partners around the world to create a flow that allows the standard local rules to be combined with existing option plans. This allows a company to make compliant offers to recipients overseas. Chat to us to learn more!

Question 3

Will Cake provide country specific Offer Letters?

Accepted Answer

Yes - when you make an offer to a team member in another country, the platform will use a customised flow so that a country-specific Offer Letter can be created for that recipients’ country. For example, if you are making an offer to a team member in the USA, the platform will use the US flow so that details like the type of option, and the required disclosure statements, are provided.

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