In our contract with investors is stated that in the cause of death, our shares will be re-purchased for $1 (the purchase price was set at $14 tho). How is this possible?

We have a startup and received an investment from investors. In our employment agreements was stated that in the case of a triggering event (which involves death), the stockholder shares shall equal to $1.

When finalizing the investment, the price per share has been set on $14.37.

Why is this? Why is set the price in the case of a trig. event only to $1? Should we freak out or is this a normal procedure?

We are new to the business, don't have much experience.

Thank you for advice.

submitted by /u/aaronn2
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