California is an At-Will employment state, Zynga is located in California - Pincus could just fire these people and be done with it - as long as he wasn't discr

California is an At-Will employment state, Zynga is located in California - Pincus could just fire these people and be done with it - as long as he wasn't discriminating unfairly Actually California's At-Will employment is a bit different then standard At-Will. It's got an "Covenant of good faith and fair dealing" exception. Taking back option grants may be in breach of this (though it would have to be tested in court). Point being Pincus can't just fire these folks arbitrarily for not giving back shares with no risk involved.