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If the original agreement offered equity that vests, then suddenly another future agreement can potentially revoke that vested equity? It makes no sense unless
by alexpetralia 2y ago
If the original agreement offered equity that vests, then suddenly another future agreement can potentially revoke that vested equity? It makes no sense unless somehow additional conditions were attached to the vested equity in the original agreement.
- riehwvfbk 2y agoAnd almost all equity agreements do exactly that - give the company right of repurchase. If you've ever signed one, go re-read it. You'll likely see that clause right there in black and white.
- ipaddr 2y agoFor companies unlisted on stock exchanges the options are then worthless. These were profit sharing units vs options.
- deleted 2y ago[deleted]
- School-Cotton 2y agoThey give the company the right to repurchase unvested (but exercised) shares, not vested options. At least the ones I’ve signed.