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That's a pretty solid summary even if you don't work for Clef. Very helpful document. A very good example to set for other companies. I'd love more "easy terms
by kriro 11y ago
That's a pretty solid summary even if you don't work for Clef. Very helpful document.
A very good example to set for other companies. I'd love more "easy terms" github repos with a "if in doubt consult a lawyer" clause. It communicates that the company is interested in making sure that employees understand their benefits well (I often get the impression many companies don't)
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The "golden handcuffs" are interesting. Are there any companies that ofer you a credit at X% to buy your options when you leave? Say you leave and own 50k options at aprice of 1$ and they are valued at 20$ now. Currently you have to pony up the 50k or pay taxes after 90 days. Since the employer also has to pay taxes it would make sense for them to offer a deal where you get "just the profits -X" so to speak.
Are there any money lenders specialized in this? It's basically a "sure thing" as long as you have the big lump sum up front.