This is an improvement in some areas. However it allows companies to terminate employees for cause and take back the shares they have already vested. In my opi

This is an improvement in some areas. However it allows companies to terminate employees for cause and take back the shares they have already vested. In my opinion, if equity is presented as an important part of compensation, it shouldn't be something that can be taken back any more easily than past salary could be. Looking at what happened at Skype, Zynga and other companies is enough that I would mostly discount any equity offered under such an agreement.