I'm somewhere between the 7th and 9th employee. I've been at my position for almost a year. There was supposed to be a vesting plan released in January 2014, at the time of this writing it is late March.
I like my job, it's challenging and allows me to think, but at the same time it can be very clinical and boring, and as a developer I feel entitled to more. I don't mean entitled to more money necessarily, but instead a more fulfilling role and a more fulfilling long term outlook, given my hours and current pay. I literally get a recruiter contacting me every other week looking to hire me or someone I know.
I like the founders, but as far as I know, we have a great stream of revenue, at least for a company with < 20 employees, and I'm worried that the time period to get stock may be over entirely. Also I'm underpaid by probably 10-15%.
I've already sent an email to my boss with a friendly "any updates on that vesting plan you mentioned?". I received a firm "No updates yet".
How do I say, with style and grace
I am not in business to make friends I am in business to make money.
If I don't get a deadline from you on when our vesting plans will be determined, you can bet I'll turn in my two weeks notice.
Note: The tone with which I wrote this question is not the tone I intend to use when approaching my employers :D. I'm not trying to deliver an ultimatum or a threat. I'm not in a position to make ultimatums or threats, that would get my ass fired.
Also can you imagine what it would be like in the workplace if and employee who delivered an ultimatum wasn't fired? It would be terribly awkward. If you deliver an ultimatum and all of your demands are met, you should quit because it means that the position is clearly beneath you, or the people you work with don't know what they're doing (IMO, in most cases).