want to align my employees successes with the business with their personal success to help create a collaborative enthusiastic culture
I am the MD of a $100m Technology company who operated a share incentive program until we were acquired by a Private Equity company in 2019.
This is all very much dependent on the value different people take to the table and who currently owns the equity. It is common for Management teams to hold anywhere from 3% to 20% of the total company's equity with the CEO having the largest share as you work down the value chain.
Once you have established how you wish to distribute the equity, formalizing should be a relatively simple process.
I would be happy to talk through your requirements in more depth at your convenience.
Please also see my Business Blogs at www.mrgrowthmentor.com.