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...will a court uphold you trying to rescind a third of his stock when you exit in another two? That sounds pretty much like reverse-vesting, which is a fairly
by abstractbill 16y ago
...will a court uphold you trying to rescind a third of his stock when you exit in another two?
That sounds pretty much like reverse-vesting, which is a fairly common practice (my Justin.TV stock has reverse-vesting). You transfer ownership of 100% immediately, but the company has the right to buy back unvested options for a very low nominal price.