5 ms·
IANAL but in general if you give notice and they see your stock grant hasn't happened and would if they let you serve out the notice, you won't get to serve out
by davismwfl 6y ago
IANAL but in general if you give notice and they see your stock grant hasn't happened and would if they let you serve out the notice, you won't get to serve out your notice. And at least that I know of there is nothing illegal about that and no recourse for you. It is crappy (maybe immoral to some) but from what I understand/know not illegal.
Assuming this is a real stock grant with equity that can be made liquid, and not a startup, then you would want to find a way to manage around this date issue. Also make sure they have no clause for clawback if you leave within X period of your first year anniversary (saw that once). If we are talking about a startup that isn't public and has no immediate liquidity route for the equity just go.
- faangOrBust9000 6y agoIt is a public companies RSU grant, so liquid. I don’t have a clawback. It looks like my only option might be really short notice.
- davismwfl 6y agoDefinitely worth waiting till you hit that date then. I'd have no issue giving a short notice to make sure I got that grant. Get your grant, give notice and be on your way. Just double check all the details in your Agreement.