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Wednesday, October 22, 2014 10:06:34 AM
The words of a real "expert"
My experience is that a great many “equity” plans provide for continued vesting so long as the employee is terminated without cause, and the employee does not compete directly or share confidential information. By “equity” I refer to stock, stock options and other securities of a company. Over the decades I have reviewed many, many employee participation equity plans, and have found many of them to provide for continued vesting of stock options where (a) the employee is terminated without cause, (b) the former employee does not go to work for a direct competitor, and (c) the former employee does not engage in any other misconduct, such as sharing or using the former employer’s confidential information.
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