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Update RoleBasedBounties.md
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dacoinminster committed Jun 12, 2014
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Expand Up @@ -20,14 +20,13 @@ The reason an RBB exists is to complement the traditional bounty system. We want

The following standard conditions apply to all RBBs:

* In addition to USD or BTC, each RBB also wins a proportional amount of the Dev MSCs. The amount they receive is proportional to the relative share of their USD or BTC allocation, out of all the Bounty BTC awarded that month.
* In addition to USD or BTC, each RBB also wins a proportional amount of the Dev MSCs. The amount they receive is proportional to the relative share of their USD or BTC allocation, out of all the Bounty BTC awarded that month. Dev MSC is released on a vesting schedule, currently described here: https://docs.google.com/document/d/1q6vuIPC7JSCiFKFTsXx24BvGhaXPKpNy2574XeqmAos/edit (should probably be moved to github)
* The payment schedule is monthly, usually via bitcoins (but we can pay via other means if needed e.g. wire transfer).
* The position is "at will", meaning both the Foundation and the RBB can terminate the RBB position without any reason.
* We do set a mutual 30 days notice period. Both the Foundation and the RBB are obligated not to terminate this RBB position without giving a 30 days notice.
* We generally intend to keep RBBs on for a long time, typically a year or more. However note that just like most jobs, this is not a contractual obligation given the items above.
* RBBs qualify to receive other outstanding bounties, however the amount awarded to them via the RBB position in a given month will be deducted from the total value of other bounties received that month. i.e. if a core developer contributes above and beyond and wins 10000 USD worth of bounties in a month, the 6000 USD from their RBB would subtracted from the award giving them 4000 USD in bounties and 6000 USD for the RBB for a total of 10000 USD.
* RBBs may manage teams, and the team may qualify for outstanding bounties. Each team's budget should be managed independently of the team lead's personal funds.
* RBBs also receive dev MSC on a vesting schedule, currently described here: https://docs.google.com/document/d/1q6vuIPC7JSCiFKFTsXx24BvGhaXPKpNy2574XeqmAos/edit (should probably be moved to github)

# Signup bonus for C-Level positions
Any C-level hire (e.g. CEO/CTO/CMO) is entitled to a signup bonus. The purpose of the bonus is to properly reward such key members of the organization, and make sure they have an extra incentive to promote The Master Protocol. The bonus works as follows:
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