Experienced basically this while working for a startup. Equity turned into shares, which turned into "incentive points" that could be revoked at any moment and

Experienced basically this while working for a startup. Equity turned into shares, which turned into "incentive points" that could be revoked at any moment and for any reason and were otherwise worthless. Same deal, 15k "incentive points" out of some unknown number. We pressured them on that for a while, because it was completely unacceptable for the amount of work we'd done for them, but then the entire dev team left.