Signature Authorization Matrix

Signature Authorization Matrix

Functional Approval(4) Financial Approval
Team Member Exec Team CEO Board Controller CFO
Operating Expenses
Up to $5K Approves Approves (1) Approves(2)
>$5K up to $10K Approves Approves
>$10K up to $100K Approves Approves
above $100K Approves (1) Approves(2) Approves
Capital Asset Additions
Up to $5K Approves Approves (1) Approves(2)
>$5K up to $10K Approves Approves
>$10K up to $100K Approves Approves
above $100K Approves (1) Approves(2) Approves
Other Purchases
Up to $5K Approves Approves (1) Approves(2)
>$5K up to $10K Approves Approves
>$10K up to $100K Approves Approves
above $100K Approves (1) Approves(2) Approves
Legal Contracts
Standard Terms Signs/Approves
Changes to Standard Terms Approves Signs/Approves
> $0.5M annual revenue Approves Advised Signs
NDA - GitLab Template Signs/Approves
NDA - Third Party Signs/Approves
Bad debt write-off
Up to $10K Approves Approves
$10K to $100K Approves Approves
$100K plus Approves Approves
Compensation/Hiring - non-executive:
Initial hiring Budgeted Approves
Initial hiring Non-Budgeted Approves Approves
Use of Search Firm Approves
Increases (Budgeted) Approves Approves
Increases (Not Budgeted) Approves Approves
Bonuses Approves Approves
Commission scales Approves Approves Approves
Options Recommends Approves
Executive Compensation - All Approves(3)
Benefit changes
Approves Approves
Employee Travel & Entertainment
Non Billable Expenses:
Up to $5K Approves Approves
>$5K Approves Approves
>$10K Approves Approves
Transfer of funds among GitLab entities
Up to $100K Approves
Over $100K Approves Approves
Treasury Management
Letters of Credit Approves
Guarantees Approves
Debt/Loan Financings Approves
Loan Renewals Approves
Investment Policy Approves
Equity Financings Approves
Opening Closing Bank Accounts Approves
Establish, liquidate, or change the legal status of an entity Approves
Acquire an entity Approves
Decisions to file a lawsuit or accept an injunction or consent decree (other than collection of receivables in due course) Approves
Decision to withdraw from/settle a lawsuit > $50,000 Approves
Hiring or terminating corporate counsel Approves
Amendment to subsidiary charter or by-laws Approves
Change to equity structure and option plans Approves

Notes/Comments: