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Yes, they can choose not to renew and IANAL, but I'm fairly certain there has to be a valid reason to cancel vested equity within the 7 year time frame, i.e. fi
by lr4444lr 2y ago
Yes, they can choose not to renew and IANAL, but I'm fairly certain there has to be a valid reason to cancel vested equity within the 7 year time frame, i.e. firing for cause. I don't think a right to shares within the period can be capriciously taken away. You have a contract. The terms matter.
- lopkeny12ko 2y ago> You have a contract. The terms matter. Right. In the case of OpenAI, their equity grant contracts likely have a non-disparagement clause that allows them to cancel vested shares. Whether or not you think that is a "valid reason" is largely independent of the legal framework governing RSU release.