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If you're fired, do you vest fully? We got acquired recently and it seems like my vesting doesn't jump ahead if I got fired (without cause)... not totally sure
by rytill 7y ago
If you're fired, do you vest fully? We got acquired recently and it seems like my vesting doesn't jump ahead if I got fired (without cause)... not totally sure though.
- ctoinhiding 7y agoit's technically not vesting (my founder shares were fully vested on acquisition) - more of a hold back. we made sure to negotiate this term in. doesn't work that way for employees unfortunately.
- rytill 7y agoSo basically there are separate founder and employee shares and negotiated different terms for the two (hold-back and options)?
- naniwaduni 7y agoIf you're in a situation where your vesting schedule incentivizes your acquirers to fire you without cause your lawyers may have ripped you off.
- rytill 7y agoHow does it usually work? Does one fully vest upon firing? Vest several months upon firing?