I would call the bluff. It doesn't look like you have many options to exit with a cash settlement unless you're allowed to sell your own equity. I wouldn't take 3%, 15% minimum.
Have you talked to your investors? They might be able to provide some guidance. It's possible that they know nothing or they are responsible for the move, so you need to figure out where they stand. I would personally be looking to kick the CEO out with support from the investors. See how the CEO behaves when the shoe is on the other foot.
I would call the bluff. It doesn't look like you have many options to exit with a cash settlement unless you're allowed to sell your own equity. I wouldn't take 3%, 15% minimum.
Have you talked to your investors? They might be able to provide some guidance. It's possible that they know nothing or they are responsible for the move, so you need to figure out where they stand. I would personally be looking to kick the CEO out with support from the investors. See how the CEO behaves when the shoe is on the other foot.