{"id":698,"date":"2025-09-28T15:27:13","date_gmt":"2025-09-28T12:27:13","guid":{"rendered":"https:\/\/senadurulaw.com\/?p=698"},"modified":"2025-09-28T15:27:13","modified_gmt":"2025-09-28T12:27:13","slug":"vesting-sozlesmesi-nedir","status":"publish","type":"post","link":"https:\/\/senadurulaw.com\/en\/vesting-sozlesmesi-nedir\/","title":{"rendered":"Vesting S\u00f6zle\u015fmesi Nedir?"},"content":{"rendered":"

Startup hukuku<\/a><\/strong> i\u00e7erisine bakt\u0131\u011f\u0131m\u0131z zaman kar\u015f\u0131m\u0131za \u00e7\u0131kan en \u00f6nemli sorulardan biriside “vesting s\u00f6zle\u015fmesi nedir<\/strong>” sorusudur.<\/p>\n

Giri\u015fimcilik ekosisteminde \u00f6zellikle teknoloji \u015firketleri ve start-uplar aras\u0131nda s\u0131k\u00e7a duyulan vesting s\u00f6zle\u015fmesi, ortaklar\u0131n veya \u00e7al\u0131\u015fanlar\u0131n \u015firkette belirli bir s\u00fcre \u00e7al\u0131\u015fmas\u0131 ve performans g\u00f6stermesi kar\u015f\u0131l\u0131\u011f\u0131nda hisse kazanmas\u0131n\u0131 sa\u011flayan bir mekanizmad\u0131r. T\u00fcrk hukukunda do\u011frudan d\u00fczenlenmi\u015f bir kavram olmamakla birlikte, T\u00fcrk Bor\u00e7lar Kanunu (TBK) ve T\u00fcrk Ticaret Kanunu (TTK) h\u00fck\u00fcmleri \u00e7er\u00e7evesinde ge\u00e7erli bir s\u00f6zle\u015fme t\u00fcr\u00fc olarak kabul edilmektedir.<\/p>\n

Vesting S\u00f6zle\u015fmesi Nedir?<\/h2>\n

\u201cVesting\u201d, asl\u0131nda Anglo-Sakson hukukundan gelen bir kavramd\u0131r. T\u00fcrk\u00e7e kar\u015f\u0131l\u0131\u011f\u0131 kesinle\u015fme, kazanma veya hak edi\u015ftir. Giri\u015fim d\u00fcnyas\u0131nda kurucu ortaklar<\/strong> veya \u00e7al\u0131\u015fanlara<\/strong> belirli bir zaman \u00e7izelgesi boyunca hisse veya pay hakk\u0131 tan\u0131yan anla\u015fmaya vesting s\u00f6zle\u015fmesi<\/strong> denir.<\/p>\n

Ama\u00e7:<\/p>\n

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    \u015eirketin erken d\u00f6neminde ayr\u0131lma riski olan kurucu veya \u00e7al\u0131\u015fanlar\u0131 uzun vadede \u015firkette tutmak,<\/p>\n<\/li>\n

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    Yat\u0131r\u0131mc\u0131lar i\u00e7in s\u00fcrd\u00fcr\u00fclebilir bir y\u00f6netim kadrosu sa\u011flamak,<\/p>\n<\/li>\n

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    Hisse da\u011f\u0131l\u0131m\u0131n\u0131 belirli performans ve s\u00fcre \u015fartlar\u0131na ba\u011flamak.<\/p>\n<\/li>\n<\/ul>\n

    \u00d6rne\u011fin; bir kurucuya %20 hisse taahh\u00fct edilir ancak bu hisse 4 y\u0131la yay\u0131lan bir planla her y\u0131l %5 olarak \u201chak edilir\u201d. Ortak \u015firketten erken ayr\u0131l\u0131rsa hen\u00fcz hak etmedi\u011fi hisseleri kaybeder.<\/p>\n

    Vesting S\u00f6zle\u015fmesi \u015eartlar\u0131<\/h2>\n

    T\u00fcrk hukukunda vesting s\u00f6zle\u015fmesini ge\u00e7erli k\u0131lan temel unsurlar \u015funlard\u0131r:<\/p>\n

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    1. \n

      S\u00fcre \u015eart\u0131 (Cliff & Vesting Period):<\/strong><\/p>\n

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        Genellikle 3\u20134 y\u0131ll\u0131k toplam bir vesting s\u00fcresi belirlenir.<\/p>\n<\/li>\n

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        \u0130lk y\u0131l sonunda \u201ccliff\u201d ad\u0131 verilen toplu bir hak edi\u015f yap\u0131l\u0131r (\u00f6rne\u011fin ilk y\u0131l sonunda %25). Sonraki ay veya y\u0131llarda kademeli hisse kazan\u0131m\u0131 devam eder.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

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        Performans veya G\u00f6rev \u015eart\u0131:<\/strong><\/p>\n

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          Baz\u0131 s\u00f6zle\u015fmelerde yaln\u0131zca s\u00fcre de\u011fil, belli performans kriterlerinin (\u00f6rne\u011fin \u00fcr\u00fcn\u00fcn \u00e7\u0131kmas\u0131, sat\u0131\u015f hedefi) sa\u011flanmas\u0131 da \u015fart ko\u015fulur.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

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          \u00c7al\u0131\u015fmaya Devam \u015eart\u0131:<\/strong><\/p>\n

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            Ortak veya \u00e7al\u0131\u015fan s\u00f6zle\u015fme s\u00fcresince \u015firketten ayr\u0131l\u0131rsa hen\u00fcz hak etmedi\u011fi hisseleri kaybeder.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

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            Hisse Geri Al\u0131m Hakk\u0131 (Buy-back):<\/strong><\/p>\n

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              Ayr\u0131lan orta\u011f\u0131n hak etmedi\u011fi hisseler genellikle nominal bedelden \u015firkete veya di\u011fer ortaklara devredilir.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

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              Pay Devir \u015eartlar\u0131:<\/strong><\/p>\n

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                TTK uyar\u0131nca limited ve anonim \u015firketlerde hisse devri \u00f6zel \u015fekil \u015fartlar\u0131na tabidir. S\u00f6zle\u015fmede bu prosed\u00fcre uyulaca\u011f\u0131 belirtilir.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

                Vesting S\u00f6zle\u015fmesi Nas\u0131l Yap\u0131l\u0131r?<\/h2>\n

                T\u00fcrk hukukunda vesting s\u00f6zle\u015fmesi yapmak i\u00e7in \u00f6zel bir kanun zorunlulu\u011fu yoktur; ancak ge\u00e7erli olmas\u0131 i\u00e7in baz\u0131 kurallara uyulmal\u0131d\u0131r:<\/p>\n

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                  Taraflar\u0131n Belirlenmesi:<\/strong>
                  Kurucu ortaklar, yat\u0131r\u0131mc\u0131lar veya kilit \u00e7al\u0131\u015fanlar kimse s\u00f6zle\u015fmede a\u00e7\u0131k\u00e7a belirtilir.<\/p>\n<\/li>\n

                2. \n

                  Hisse Yap\u0131s\u0131n\u0131n Tan\u0131mlanmas\u0131:<\/strong>
                  Verilecek pay oran\u0131, t\u00fcr\u00fc (\u00f6rne\u011fin anonim \u015firkette nama yaz\u0131l\u0131 pay), toplam vesting s\u00fcresi ve hak edi\u015f takvimi a\u00e7\u0131k\u00e7a yaz\u0131l\u0131r.<\/p>\n<\/li>\n

                3. \n

                  Hisse Devrine \u0130li\u015fkin TTK Prosed\u00fcr\u00fc:<\/strong><\/p>\n

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                    Limited \u015firkette hisse devri i\u00e7in noter huzurunda pay devri s\u00f6zle\u015fmesi<\/strong> gerekir ve \u015firket s\u00f6zle\u015fmesinde onay mekanizmas\u0131 varsa uygulanmal\u0131d\u0131r.<\/p>\n<\/li>\n

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                    Anonim \u015firkette nama yaz\u0131l\u0131 pay devri i\u00e7in pay devri s\u00f6zle\u015fmesi ve y\u00f6netim kurulu onay\u0131 gerekir.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

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                    \u015earta Ba\u011fl\u0131 Devir D\u00fczeni:<\/strong>
                    Hisselerin devrinin, belirlenen s\u00fcrenin dolmas\u0131 ve \u00e7al\u0131\u015fmaya devam \u015fart\u0131 gibi ko\u015fullara ba\u011fland\u0131\u011f\u0131 a\u00e7\u0131k\u00e7a d\u00fczenlenir.<\/p>\n<\/li>\n

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                    Uyu\u015fmazl\u0131k \u00c7\u00f6z\u00fcm\u00fc:<\/strong>
                    Genellikle \u0130stanbul tahkim merkezi veya ticaret mahkemeleri yetkili olarak belirlenir.<\/p>\n<\/li>\n<\/ol>\n

                    Vesting S\u00f6zle\u015fmesi Yasal Sorumluluklar\u0131<\/h2>\n

                    Her ne kadar T\u00fcrk hukukunda vesting do\u011frudan d\u00fczenlenmemi\u015f olsa da, yap\u0131lan s\u00f6zle\u015fme TBK\u2019n\u0131n s\u00f6zle\u015fme serbestisi ilkesi (m. 26\u201327)<\/strong> \u00e7er\u00e7evesinde ge\u00e7erlidir. Taraflar \u015fu sorumluluklara dikkat etmelidir:<\/p>\n

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                      Bor\u00e7lar\u0131n \u0130fas\u0131:<\/strong> Ortak veya \u00e7al\u0131\u015fan s\u00f6zle\u015fmede belirtilen s\u00fcre boyunca \u015firkette \u00e7al\u0131\u015fmak ve y\u00fck\u00fcml\u00fcl\u00fcklerini yerine getirmek zorundad\u0131r.<\/p>\n<\/li>\n

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                      \u015earta Ba\u011fl\u0131 Devirlerde Y\u00fck\u00fcml\u00fcl\u00fck:<\/strong> Hisse devir i\u015flemleri TTK\u2019n\u0131n \u00f6ng\u00f6rd\u00fc\u011f\u00fc resmi \u015fekil \u015fartlar\u0131na uygun yap\u0131lmal\u0131d\u0131r; aksi h\u00e2lde devrin ge\u00e7ersiz say\u0131lma riski vard\u0131r.<\/p>\n<\/li>\n

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                      Vergisel Y\u00fck\u00fcml\u00fcl\u00fckler:<\/strong> Hisse devrinden do\u011fan gelir vergisi veya damga vergisi gibi y\u00fck\u00fcml\u00fcl\u00fckler g\u00f6z \u00f6n\u00fcnde bulundurulmal\u0131d\u0131r.<\/p>\n<\/li>\n

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                      Rekabet Yasa\u011f\u0131 ve Gizlilik:<\/strong> Genellikle s\u00f6zle\u015fmeye rekabet etmeme ve gizlilik maddeleri eklenir; ihlali tazminat sorumlulu\u011fu do\u011furabilir.<\/p>\n<\/li>\n

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                      S\u00f6zle\u015fmeye Ayk\u0131r\u0131l\u0131k ve Tazminat:<\/strong> S\u00fcre dolmadan ayr\u0131lan veya y\u00fck\u00fcml\u00fcl\u00fcklerini ihlal eden taraf, hak etmedi\u011fi hisseleri devretmekle ve do\u011fabilecek zarar\u0131 tazmin etmekle sorumlu olabilir.<\/p>\n<\/li>\n<\/ul>\n

                       <\/p>","protected":false},"excerpt":{"rendered":"

                      Startup hukuku i\u00e7erisine bakt\u0131\u011f\u0131m\u0131z zaman kar\u015f\u0131m\u0131za \u00e7\u0131kan en \u00f6nemli sorulardan biriside “vesting s\u00f6zle\u015fmesi nedir” sorusudur. Giri\u015fimcilik ekosisteminde \u00f6zellikle teknoloji \u015firketleri ve start-uplar […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-698","post","type-post","status-publish","format-standard","hentry","category-makaleler"],"_links":{"self":[{"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/posts\/698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/comments?post=698"}],"version-history":[{"count":2,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/posts\/698\/revisions"}],"predecessor-version":[{"id":700,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/posts\/698\/revisions\/700"}],"wp:attachment":[{"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/media?parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/categories?post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/senadurulaw.com\/en\/wp-json\/wp\/v2\/tags?post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}