Legal Question in Employment Law in California

Can i have vested stock options taken away after I leave a company?

I was also asked to sign a form agreeing to terms that says for every year after I leave the company ( for whatever reaons, I left and was not fired ) I give back 25% of my vested stock option. 4 years after leaving the company my vested stock options will be zero.

Something just sounds wrong about this as the vested options were given due to my previous work.

The Company is based in California, I live in Florida and lived in FLorida while employed as well.


Asked on 10/14/11, 8:27 am

1 Answer from Attorneys

It's hard to figure out what's going on without the actual documentation in front of me, but my guess is the options expire. I am not a securities expert, but as far as I know all options expire if you do not exercise them. My guess is that is what this is about. You must exercise 25% of the options per year or they expire. That is very normal.

Read more
Answered on 10/14/11, 10:12 am


Related Questions & Answers

More Labor and Employment Law questions and answers in California