Best incentive plan for Operational Expert partnership

I have been learning about incentive plans through youtube videos primarily and discussing with my capital partner and the industry operational expert. I know partnerships should be built off of differing skill sets so the sum is great than the parts. The three things that we focus on is Time, Knowledge, Money. Sharing context so that you can have an understanding of my situation, I have two possible partners. One is a capital partner with time and money that we will share the responsibilities for and another is an Operational expert in the industry we are focusing on that has Knowledge that we don't have. He has limited capital to invest but expertise.

Here is the structure and questions will be down below as I am curious how people have structured similar partnerships:

Structure #1:

Capital Parter 1: 47.5% ownership
Capital Parter 2: 47.5% ownership Operational Partner: 5% ownership (Non-Voting Shares) Capital guarantees or distributions held for buying capital for subsequent acquisitions Incentive: 5% Phantom Equity 2.5% Vests over 5 years, 2-Year Cliff for 1% and then 0.125% per quarter 2.5% Vests with Milestones hit Organic-Profit-Based milestones 0.5% every consecutive year of 7% profit growth starting at the second year 0.75% if growth rate is above 10% 1% if growth is above 15% The schedule and targets are open for negotiation

Structure #2: Capital Partner 1: ###-###-#### % Capital Partner 2: ###-###-#### % Operational Partner: 7-13% 5% Ownership Equity (down payment for equity ownership with voting rights) Capital guarantees or distributions held for buying capital for subsequent acquisitions 2% Phantom Equity (operational expertise) 4 year Vesting period at .5% per year 2-year Cliff, 1% at the 2-year mark and .125% vests each quarter for the following 2-years 2-6% Phantom Equity (operational management milestone targets) 4 year Vest and 2 year Cliff .5% per year: 5-10% profitability .75% per year: 11-15% profitability 1.0% per year: 16-20% profitability 1.25% per year: 21-25% profitability 1.5% per year: 26%+ profitability Profit-share Program $50-100k SDE profitability increase 10% profit-share $100-200k SDE profitability increase 11% profit-share $200-300k SDE profitability increase 12% profit-share $300-400k SDE profitability increase 13% profit-share $400-500k SDE profitability increase 14% profit-share $500-600k SDE profitability increase 15% profit-share

1) Does this seem reasonable?
2) Am I being too generous?
3) Does this motivate a Director of Operations -> CEO sufficiently?
4) What are some other ideas for motivating this type of partner?

Thank you in advance for any tips and suggestions!