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>I don't understand your use of 'clawed back.' Commonly stock options don't vest until the first year - were your options really clawed back or were they unvest
by btym 10y ago
>I don't understand your use of 'clawed back.' Commonly stock options don't vest until the first year - were your options really clawed back or were they unvested at termination?
I believe they're saying that they had less than a week til their options would vest, but the company pulled the rug out from under them.
- late2part 10y agoWords have very specific meanings. Most employee equity contracts require 1 year of service before vesting. If the company played dirty and terminated him at 51 weeks to avoid granting the options, that's not cool but it's within the scope of the agreement. Clawback in this context has a specific meaning - http://www.investopedia.com/terms/c/clawback.asp http://www.investopedia.com/terms/c/clawback.asp. See also http://www.nytimes.com/2016/09/28/business/dealbook/wells-fargo-john-stumpf-compensation.html http://www.nytimes.com/2016/09/28/business/dealbook/wells-fa... Clawback is taking back something given. Since quite likely the options were never vested or transferred, they weren't clawed back.
- VestingBurn 10y agoYes, I misused the term. Their actions were within the scope of the agreement.