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Every contract I have signed has said, if I walk I loose everything, totally shit out of luck, no do-overs. I was fine with that and would expect it, if you wal
by kls 15y ago
Every contract I have signed has said, if I walk I loose everything, totally shit out of luck, no do-overs. I was fine with that and would expect it, if you walk you loose it I am amazed that their are contracts out there in original form that would state differently. If it where my company and my contract, it would absolutely state all options revert back to the company in the event of resignation. From the perspective of an employee I would be and have been more than happy to sign to that agreement. If it is not going to be a fit, one side generally figures that out early on and in such case I would not feel entitles to options if I where the one deciding to leave. Conversely if I am not the one deciding to leave, I need to be compensated for the risk that I took, seeings how I am now being denied the ride to the finish line. It cuts both ways.
- earbitscom 15y agoI would be very interested to work at the places you have. When you vest stock, those are your options. You can leave anytime and keep whatever has vested so far. Otherwise, there would be no reason to vest over time. The whole thing would just vest at the end.
- kls 15y agoI should clarify a bit, all of the pre-IPO, pre-exit companies I worked for. With Marriott it followed a typical vesting schedule but that is a totally different animal. A fortune 100 and a start-up are apples to oranges when it comes to how options are dealt with. But it sounds to me like some companies are using a more "big company" traditional option grant scheme. I would never sign up for the same contract I took with Marriott with a start-up, totally different issues and risks to use an options contract like that.