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At PlanGrid we (employees) pushed for a longer window. One of the founders explained that this "convert to NQO after X time" is not an IRS-tested policy as of y
by xenadu02 11y ago
At PlanGrid we (employees) pushed for a longer window. One of the founders explained that this "convert to NQO after X time" is not an IRS-tested policy as of yet. The lawyers are wary of it and the negative tax consequences will hit employees under the AMT line the hardest if the policy is wrong.
That said, they are working on it and intend to implement a similar policy if possible. Reputable founders and investors don't want to force people to stay just to keep their options, nor screw people out of compensation they earned.