This is a terrible idea. Hours clocked does not equal contribution. Founder vesting and 1 year cliffs exist for a reason.
From the article:
> "Basically, Moyer’s idea assigns monetary value to every tangible and intangible contribution individuals make to a startup, from intellectual property and relationships to time and cash."
It also sounds like a way for an unethical person to cheat their employees out of equity by creating rules that are so complicated that they lose out due to some technicality.