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My take on the language was "Wait, what? That's a red flag." And I'm still not sure I agree. What is the point of vesting, and the various hoops to jump to g
by chernevik 15y ago
My take on the language was "Wait, what? That's a red flag." And I'm still not sure I agree. What is the point of vesting, and the various hoops to jump to get it, if it's obviated by a share re-purchase agreement?
Maybe people don't pay enough attention to this stuff, and maybe they should seek better advice. But it seems unethical to structure a contract to make it seem like you've got a right, without actually giving you the right.
I'd be curious about the corporate representations of just what "vesting" was, and wasn't, and whether the obfuscations could rise to the level of fraud.