Replies to post #216856 on Liquidmetal Technologies Inc (LQMT)

[iateclube]

This is a pretty common practice of encouraging executives to leave ahead of time, by accelerating their vesting options to the date of departure and
extending the option expiration date to or beyond the original. And paying a cash severance, subject to what is essentially an agreement not to sue the company, etc.

This can happen for a number of reasons. Just simple expense reduction calculation, early release of executives that should be fired but might harm the company, and so on. Pick the reason you prefer.

As already stated, this is also typical of a house cleaning of future liabilities in order to sell to a buyer that does not want to acquire these
potential liabilities. For example:

"This results in a total of 10,329,692 stock options being exercisable by Dr. Bromage as of the termination date. In connection with the Bromage Separation Agreement, Dr. Bromage granted the Company general releases subject to customary exceptions."