Legal Question in Business Law in Washington

stock option grant acceptance form

I was granted x amount of shares 4 years ago from my current company. The company was acquired recently and options were excercised for employees who had been vested. There was a document sent out when the options were granted that was supposed to be signed saying that the employee agreed to the grant. Mine was not signed. I'm now told that I have no rights to my options that I was granted because I didn't sign the form in time. The original document has no time restrictions listed. Is this legal.


Asked on 8/20/02, 10:23 am

1 Answer from Attorneys
Tom Turnbull tomturnbull.com

Re: stock option grant acceptance form

I would need to learn more about the facts. However, an option grant is a contract. Both parties (including you) should sign it. Why didn't you sign it? There may be equitable theories upon which you could base your case. You should consult an attorney.

Read more
Answered on 8/20/02, 12:31 pm


Related Questions & Answers

More Business Law questions and answers in Washington