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They had the option to exercise whatever options they had vested, yes, subject to the company's normal rules. Employees who had been with the company two years
by smeej 6y ago
They had the option to exercise whatever options they had vested, yes, subject to the company's normal rules.
Employees who had been with the company two years or more would have seven years to exercise. Those who had been there between one and two years would have 90 days.
Employees who had not yet been there a year would not have reached the vesting cliff, and would not have had vested options available to exercise.
- bherms 6y agoThis isn't accurate. All employees, regardless of tenure, got 7 years to exercise their shares that had vested up until that point.
- seriousquestion 6y agoThat's surprisingly generous. Startups in Silicon Valley usually have a 30-90 day exercise window.
- ashconnor 6y agoI guess if the point was to get rid of people then reducing the financial disincentive is a prudent move.