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I think the most you can hope for is to have some portion of your vesting accelerated on termination without cause. The problem is that they can drum up "cause"
by staunch 16y ago
I think the most you can hope for is to have some portion of your vesting accelerated on termination without cause. The problem is that they can drum up "cause". I think the best you can do to solve that is specify very clearly what cause is (conviction of a major crime, etc).
- chrisyeh 16y agoThe best way to do this is to set your vesting date as early as possible. Once your stock is vested, they can't take it away from you without your consent.
- keeptrying 16y agoDuring a sale can't the company just dilute everyones stock and redivide the new stock amongst whoever is still at the company? That way anyone who is not present at sale time gets a very diluted stock. I think this is why if you leave the company and your vested you still get much less percentage of a company than you theoretically should have. I would think this is the norm?
- JoachimSchipper 16y agoNo, but they can create new stock. Or give some sort of bonus/better conversion ratio only to holders of preferred stock (VCs), with bonuses for current employees. Or...
- chrisyeh 16y agoAll of these are possible. But open the company up to lawsuit.