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What's to stop them from terminating the contract a month shy, because of "performance reasons"? Unfortunately this setup would require quite a lot of trust in
by s73ver 9y ago
What's to stop them from terminating the contract a month shy, because of "performance reasons"? Unfortunately this setup would require quite a lot of trust in the industry, which, quite frankly, it has not earned.
- soulnothing 9y agoNo I'm completely in agreement with this. There are two types the Restricted units. Which vest slowly over several years. So if you're terminated early. You may get a percentage of the promised stock. Then there is the startup model. Where you're given stock of varying grades. Stock always felt like a gamble. Give me enough for bills + saving, then treat the stock as a bonus. Not core compensation.
- ido 9y agoAt least in Germany this would open the company to a lawsuit for wrongful termination (unless you worked there less than 6 months I think). At-will employment throws this out the windows, of course.
- gozur88 9y agohttps://www.cnet.com/news/zynga-to-employees-give-back-our-stock-or-youll-be-fired/ https://www.cnet.com/news/zynga-to-employees-give-back-our-s... If I stayed at a place a few extra years in anticipation of an IPO, this would have me seeing red.