zlacker

>>fnbr+(OP)
So part of their compensation for working is equity, and when they leave thay have to sign an additional agreement in order to keep their previously earned compensation? How is this legal? Mine as well tell them they have to give all their money back too.

What's the consideration for this contract?

>>Button+7J
Unfortunately this is how most startup equity agreements are structured. They include terms that let the company cancel options that haven’t been exercised for [various reasons]. Those reasons are very open ended, and maybe they could be challenged in a court, but how can a low level employee afford to do that?

>>blacke+HY
I don’t know of any other such agreements that allow vested equity to be revoked, as the other person said. That doesn’t sound very vested to me. But we already knew there are a lot of weird aspects to OpenAI’s semi-nonprofit/semi-for-profit approximation of equity.

>>jkaplo+za1
As far as I know it’s part of the stock plan for most startups. There’s usually a standard clause that covers this, usually with phrasing that sounds reasonable (like triggering if company policy is violated or is found to have been violated in the past). But it gives the company a lot of power in deciding if that’s the case.